New stock news | Rigol Technologies (688337.SH) subjected to a hearing at the Hong Kong Stock Exchange, betting on the global electronic measurement market worth billions.

According to the disclosure by the Hong Kong Stock Exchange on June 23, Rigol Technologies Co., Ltd. (referred to as Rigol Technologies (688337.SH)) passed the listing hearing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as the exclusive sponsor. The prospectus shows that Rigol Technologies is a Chinese electronic measurement instrument company with advanced technology capabilities and a large global footprint. Electronic measurement instruments are devices designed for observing, testing, measuring, and calculating various physical parameters. These instruments analyze key electrical characteristics such as signal, voltage, current, resistance, and frequency to diagnose, test, and validate the performance of electronic devices and components. The company designs, develops, manufactures, and delivers comprehensive electronic measurement instruments and solutions, supporting scientific exploration and industry innovation. Driven by the rapid technological advancements in 5G, 6G, optical communication, artificial intelligence, and intelligent Siasun Robot & Automation, the global electronic measurement instruments and solutions market is experiencing strong growth. As electronic devices and systems become increasingly complex, there is also an increasing demand for high-speed, multi-functional, high-precision testing and measurement solutions to ensure their efficiency, safety, and regulatory compliance. According to Frost & Sullivan data, the global electronic measurement instruments and solutions market is expected to exceed RMB 110 billion by 2025 and is expected to maintain strong growth momentum. The compound annual growth rate for 2030 is estimated to be 9.6%, reaching approximately RMB 180 billion. Through the "RIGOL" brand, Rigol Technologies serves more than 100,000 end customers in over 90 countries and regions, addressing complex testing challenges in various industries such as communications, new energy, semiconductors, and education and research. According to Frost & Sullivan data, Rigol Technologies is China's largest electronic measurement instrument supplier, ranking eighth globally by revenue in 2025 with a market share of 1.2%. Additionally, by revenue in 2025, the company ranks sixth in the Chinese electronic measurement instrument market with a market share of 1.9%. After years of focusing on research and development and innovation, Rigol Technologies has established a comprehensive electronic measurement portfolio based on two pillars: (i) a product matrix driven by core technology, covering digital oscilloscopes, microwave RF instruments, precision DC instruments, and modular instruments; and (ii) customized multi-scenario solutions, integrating electronic measurement instruments, self-developed software, system integration capabilities, and professional services, mainly serving high-growth industries such as communications, new energy, semiconductors, education, and research. Financially, in the fiscal years 2023, 2024, and 2025, the company recorded revenues of approximately RMB 671 million, RMB 776 million, and RMB 900 million respectively. During the same period, comprehensive income was approximately RMB 109 million, RMB 93.48 million, and RMB 91.738 million, respectively. The company's gross profit margin increased from 53.4% in 2023 to 54.9% in 2024, mainly due to an increase in sales revenue from high-performance digital oscilloscopes and solutions. The gross profit margin decreased from 54.9% in 2024 to 52.8% in 2025, mainly due to the commencement of production at the Penang production center in the second half of 2024, leading to increased manufacturing costs and rising direct material prices.