Source: Laserfair.com  27^th Mar 2026

Since the start of 2026, China's laser industry has witnessed a wave of capitalization centered on A+H dual-listing platforms.

Following Han's CNC's successful debut on the Hong Kong Stock Exchange (HKEX) in February 2026, the Hong Kong IPO market has again welcomed heavyweight players. In March 2026, Dr Laser and Yuanjie Technology successively unveiled their Hong Kong listing plans, aiming to build out A+H dual-capital platforms.

These consecutive forays into overseas capital markets by leading laser manufacturers reflect the accelerating internationalization strategies across China's laser and optical chip sectors. In fact, against the backdrop of explosive demand for AI computing power and intensifying global competition, industry chain leaders are leveraging diversified financing channels to reinforce their technological barriers and expand their global market footprint, ushering in a new phase of global development.

01

Dr Laser Gears Up for HKEX IPO to Accelerate Its Internationalization Strategy

On March 12, 2026, Dr Laser issued an announcement, declaring its proposed public offering of overseas-listed foreign shares (H Shares) and application for listing on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX).

Dr Laser stated that the move aims to further advance its international strategic layout, build a diversified platform for capital operations, and enhance its international brand image as well as overall competitiveness in the global market.

It is understood that Dr Laser was founded in Wuhan Optics Valley in 2008, and debuted on the ChiNext Market of the Shenzhen Stock Exchange (SZSE) in 2019. It currently operates R&D and manufacturing bases in Wuhan and Wuxi, and has established overseas R&D centers in Israel and Singapore.

Financial data shows that in 2025, Dr Laser achieved a total operating revenue of RMB 2.033 billion, a year-on-year increase of 0.93%; its net profit attributable to shareholders of the listed company reached RMB 519 million, a year-on-year decrease of 1.59%.

Despite mild fluctuations in its performance, the company has opted to expand its financing channels through a Hong Kong listing, so as to provide capital support for its long-term technology reserves and global strategic layout.

02

Yuanjie Technology’s A+H Dual-Listing Dual-Drive Strategy: Optical Chip Leader Sets Sights on Global Expansion

On March 7, 2026, Yuanjie Technology issued an announcement that the Board of Directors had approved the plan for the overseas offering of H Shares and listing on the Main Board of The Stock Exchange of Hong Kong (HKEX), officially kicking off its Hong Kong listing process. As a leading domestic high-speed optical chip manufacturer, Yuanjie Technology is set to enter a new phase of building an A+H dual-capital platform.

In 2025, Yuanjie Technology achieved explosive growth in performance: it recorded operating revenue of RMB 601 million, a year-on-year increase of 138.5%; and net profit attributable to shareholders of the listed company reached RMB 191 million, returning to profitability from a loss and hitting the highest level since its IPO.

Yuanjie Technology stated that the net proceeds from this Hong Kong listing will be used to strengthen its R&D and testing capabilities, expand the production capacity of high-speed, high-power optical chips, and build a global sales and service network. Driven by the boom in AI computing power, the company has seen a substantial surge in sales of continuous wave (CW) light source products for data center applications. It is accelerating its transition to a dual-wheel growth model driven by both telecom and data communication businesses, to seize the technological high ground in silicon photonics solutions.

03

Han's CNC Successfully Listed on HKEX: PCB Equipment Leader Opens a New Chapter of Globalization

On February 6, 2026, Shenzhen Han's CNC Technology Co., Ltd. was officially listed on The Stock Exchange of Hong Kong Limited (HKEX), with the stock code 03200.HK and China International Capital Corporation (CICC) as the sole sponsor. The offer price was fixed at HKD 95.80, with a global offering of 50,451,800 H Shares, raising total gross proceeds of HKD 4.833 billion.

Han's CNC secured a high-profile lineup of cornerstone investors, including Hongxing International, GIC Private Limited, Schroders, and HHLRA, an affiliate of Hillhouse Group, with a total subscription amount of USD 310 million. The stock opened at HKD 106, up 10.6% from the offer price, with a market capitalization of HKD 51.7 billion, fully reflecting the capital market's high recognition of its industry standing.

As the world's leading enterprise specializing in PCB-specific equipment, Han's CNC has ranked first in the special equipment category of the China Printed Circuit Association (CPCA) for 16 consecutive years. In the first three quarters of 2025, it achieved operating revenue of RMB 3.903 billion, a year-on-year increase of 66.53%, with its overseas sales revenue growing nearly 10-fold over three years.

The listing of Han's CNC on the HKEX marks the official completion of the company's A+H dual-capital market layout, representing a critical step forward in its global development.

04

The Unabated A+H Listing Boom: Who Will Be the Next to Take the Baton?

Following Han's CNC’s successful debut on the Hong Kong stock market, Dr Laser and Yuanjie Technology have subsequently announced their proposed Hong Kong listing plans. These three Chinese laser enterprises have made successive strategic moves into overseas capital markets, reflecting the accelerating capitalization process of China's laser and optical chip industry.

Against the backdrop of explosive demand for AI computing power and the restructuring of the global industrial chain, the A+H dual-capital platform has become a key choice for leading enterprises to expand financing channels and enhance their international influence.

Analysts point out that the international attributes and flexible financing mechanisms of the Hong Kong stock market can provide sustained capital support for enterprises' technological R&D, production capacity expansion, and the establishment of global sales networks.

Looking ahead, as more laser and optical chip enterprises join the ranks of Hong Kong listings, China's laser industry will secure a more favorable position in global competition, driving the technological upgrading and high-quality development of the sector.