Business
Huaqin Technology Launches Hong Kong IPO with Blue-Chip Cornerstone Line-up Securing 50% Allocation
Huaqin Technology (603296.SH) has formally kicked off the global offering of its H shares on the Hong Kong Exchange, with trading expected to commence on April 23, positioning the company as an "A+H"-listed intelligent product platform.
About this update from Huaqin Co., Ltd. Class A
[{"type":"text","content":"HONG KONG, April 15, 2026 /PRNewswire/ -- Huaqin Technology (603296.SH) has formally kicked off the global offering of its H shares on the Hong Kong Exchange, with trading expected to commence on April 23, positioning the company as an "A+H"-listed intelligent product platform.","length":288,"tagName":"p"},{"type":"text","content":"The offering is sized at approximately US$580 million. Cornerstone investors have collectively subscribed to around US$290 million, accounting for 50% of the shares on offer. Including anchor allocations covering a further 40%, institutional investors are set to hold roughly 90% of the deal.","length":292,"tagName":"p"},{"type":"text","content":"The IPO has attracted a high-profile roster of 17 cornerstone investors, including JPMorgan Asset Management, UBS Asset Management, Gaoyi Asset Management, Orchid Asia, Taikang Life, 3W Fund, China Life Franklin Asset Management, Everbright Wealth Management, Ivy Capital and the Tsinghua Education Foundation, underscoring strong backing from long-term institutional capital. The offering also brings in strategic industry investors spanning the supply chain, such as JCET, Kingboard Holdings, OmniVision, Xiaomi, Shenghong Technology, Beijing Junzheng and Awinic.","length":565,"tagName":"p"},{"type":"text","content":"Huaqin Technology reported robust financial performance in 2025, with revenue reaching RMB171.44 billion, up 56.0% year-on-year, while net profit attributable to shareholders rose 38.6% to RMB4.05 billion. The company has built a "3+N+3" intelligent product platform: its three core businesses—smartphones, laptops and servers—form a stable revenue base; an extended portfolio covers smart living, commercial digital productivity and full-stack data center infrastructure, including wearables, printers, AIoT devices and switches; and three innovation pillars—automotive electronics, robotics and software—are driving new growth trajectories.","length":652,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":179,"url":"https://media.zenfs.com/en/prnewswire.com/ec7c597a70bdf3ce41a9121fbb2598a6"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/tpfYaHz_u5x8OV8.9ZZrzA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTMxNQ--/https://media....