New Stock News | Eoptolink Technology Inc., (300502.SZ) to choose banks for its $3 billion Hong Kong IPO

According to media reports, Eoptolink Technology Inc. (300502.SZ) is reportedly selecting banks for its $3 billion Hong Kong IPO. Sources said that Eoptolink Technology Inc. is cooperating with CITIC and JPMorgan Chase to prepare for the Hong Kong listing. According to previous reports, Eoptolink Technology Inc. is considering an IPO in Hong Kong, with expectations to raise at least $3 billion. Public information shows that Eoptolink Technology Inc. is a global leader in the field of optical interconnection solutions, mainly engaged in the research, development, production, and sales of optical modules for a full range of optical communication applications. Its products serve domestic and foreign customers in the fields of artificial intelligence compute clusters (AICluster), cloud data centers, and telecommunications networks (transport networks, 5G wireless networks, FTTx fixed access). According to the company's first quarter report for 2026, the company's operating income was 8.338 billion yuan, an increase of 105.76% year-on-year. Net profit attributable to the company's shareholders was 2.78 billion yuan, an increase of 76.80% year-on-year. Net profit attributable to the company's shareholders excluding non-recurring gains and losses was 2.768 billion yuan, an increase of 76.44% year-on-year. Basic earnings per share were 2.8 yuan. On April 24th, Eoptolink Technology Inc.'s stock price fell more than 11%, with a turnover exceeding 50 billion yuan. It ultimately closed at 537.27 yuan, with a market value of 534 billion yuan.