New Stock News | POCO Holding (300811.SZ) Submits Application to Hong Kong Stock Exchange, Ranking First in the Global Alloy Soft Magnetic Powder Core Market.

According to the disclosure on July 8th by the Hong Kong Stock Exchange, Shenzhen POCO Holding Co., Ltd. (300811.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. Company Overview: According to the prospectus, POCO Holding is a global leading provider of alloy soft magnetic powder products. During the past performance period, POCO Holding's product portfolio mainly includes (i) alloy soft magnetic powder cores, (ii) AI chip inductors, and (iii) alloy soft magnetic powder. Alloy soft magnetic powder cores are made from alloy soft magnetic powder. Customers typically combine them with copper windings to make wire-wound power inductors, mainly used in power conversion. On the other hand, POCO Holding's AI chip inductors are finished components made through an integrated process of alloy soft magnetic powder and conductor, mainly used in chip-level power supply for AI computing infrastructure applications. According to data from Zhishu Consulting, POCO Holding is one of the few enterprises globally with vertical integration capability covering alloy soft magnetic powder, alloy soft magnetic powder cores, and AI chip inductors. Based on revenue forecasts for 2025, POCO Holding ranks first in the global alloy soft magnetic powder core market with a market share of 27.1%, and fifth in the global AI chip inductor market with a market share of 7.6%. POCO Holding's products have entered the supply chain of leading AI chip companies and cloud service providers globally. Over the years, POCO Holding has established an alloy soft magnetic powder technology platform, enabling it to apply material technology and process know-how to different products and application fields. This platform is based on material technology, pretreatment technology, forming technology, and precision equipment technology. Using these underlying technologies, POCO Holding has developed product design, product upgrades, and large-scale production capabilities. These capabilities span the entire process of working with customers to assess needs and develop customized solutions. POCO Holding's field application engineers (FAEs) work with customers from the product definition stage, utilizing magnetic material databases and magnetic core power inductor design software to translate customer power system and application requirements into material composition and component design solutions. Financial Information: Revenue: In the fiscal years 2023, 2024, 2025, and the three months ended March 31, 2026, the company's revenue was approximately RMB 1.159 billion, 1.663 billion, 1.802 billion, and 0.49 billion, respectively. Annual/Periodic Profit: In the fiscal years 2023, 2024, 2025, and the three months ended March 31, 2026, the annual/periodic profit was approximately RMB 256 million, 374 million, 426 million, and 89 million, respectively. Gross Profit Margin: In the fiscal years 2023, 2024, 2025, and the three months ended March 31, 2026, the company's gross profit margin was 39.6%, 40.7%, 42.0%, and 37.1% respectively. Industry Overview: Benefiting from the continued growth in demand in the new energy sectors such as photovoltaics and energy storage, the global alloy soft magnetic powder core market has expanded rapidly in recent years. By revenue, the global market size grew from RMB 16 billion in 2020 to RMB 48 billion in 2025, with a compound annual growth rate of 24.6%. Looking ahead, the application demand for photovoltaics and energy storage is expected to remain strong, while the accelerated construction of computational power infrastructure and the continuous increase in the penetration rate of new energy vehicles are expected to further drive demand for high-power and high-frequency electrical equipment, promoting the continuous expansion of the alloy soft magnetic powder core market. The global market size is expected to reach RMB 98 billion in 2030, with a compound annual growth rate of 15.5% from 2025 to 2030. From a production capacity perspective, China has become the main production base for global alloy soft magnetic powder cores. In 2025, the global production capacity of alloy soft magnetic powder cores reached 217,000 tons, with China's capacity accounting for over 90% of the total global capacity. Inductor is an electronic component that operates based on the principle of electromagnetic induction, mainly used in power circuits to store and convert energy, stabilize current and voltage, and ensure smooth and reliable power transmission. AI chip inductors are specially designed inductors for AI computing scenarios, used in power circuits for high-performance AI accelerator chips such as GPUs, ASICs, and FPGAs, along with complementary optical modules and high-speed memory chips, to meet the power supply requirements of AI chips in endpoint hardware such as AI smartphones, AI PCs, and Siasun Robot&Automation systems. Therefore, AI chip inductors are considered core foundational components, providing efficient and stable power transmission support for cloud computing infrastructure and endpoint intelligent hardware. By revenue, the global market size of AI chip inductors grew from RMB 11 billion in 2020 to RMB 58 billion in 2025, with a compound annual growth rate of 38.2%. It is expected to reach RMB 269 billion in 2030, with a compound annual growth rate of 36.0% from 2025 to 2030. Board of Directors: POCO Holding's board of directors consists of seven directors, including four executive directors and three independent non-executive directors. Shareholding Structure: As of the latest practicable date, Mr. Du Jianghua, an executive director and chairman of POCO Holding, (i) directly owns 8,308,510 A shares of the company, representing approximately 2.04% of the company's voting rights, and (ii) indirectly owns 91,261,463 A shares of the company through Moma Investment, in which Mr. Du holds a 54.00% stake, representing approximately 22.44% of the company's voting rights. Therefore, Mr. Du owns interests in 99,569,973 A shares of the company and has the right to exercise approximately 24.49% of the company's voting rights. As such, Mr. Du and Moma Investment are considered a single largest shareholder group. Intermediary Team: Exclusive Sponsor: CITIC SEC (Hong Kong) Limited Industry Consultant: Zhishu Industry Consulting Co., Ltd. Exclusive Sponsor and Legal Advisor: Sullivan & Cromwell LLP (Hong Kong) and King & Wood Mallesons Company Legal Advisor: King & Wood Mallesons (Hong Kong) and Beijing Tianyuan Law Firm Auditors and Reporting Accountants: KPMG Compliance Advisor: Yuexiu Financing Limited