Source: Laser Manufacture News  14^th Apr 2026

On April 13, Huagong Technology Industry Co., Ltd. (hereinafter referred to as "Huagong Technology") officially submitted an application to The Stock Exchange of Hong Kong Limited (hereinafter referred to as "SEHK") for the issuance of overseas-listed foreign shares (H-shares) and listing on the Main Board. Citic Securities acts as the exclusive sponsor for this issuance and listing. On the same day, the application documents for this issuance and listing were simultaneously published on the SEHK website.

This significant milestone marks that Huagong Technology's "A+H dual capital platform" strategy has entered a substantive implementation phase. It also means that this leading laser enterprise originating from "China Optics Valley" is accelerating its leap from "China's leader" to "global leader", opening a brand-new chapter in its globalization development.

On the very same day, Huagong Technology simultaneously disclosed its Q1 performance forecast, with a projected year-on-year net profit growth of 46.38%-56.13%. Combined with its record-high annual performance in 2025, this has laid a solid foundation for its Hong Kong listing.

H-share Listing: Targeting the International Capital Market

On October 23, 2025, Huagong Technology first disclosed its plan to issue H-shares and list on the Main Board of the SEHK. After six months of preparation, it officially submitted the application on April 13, 2026, with Citic Securities as the exclusive sponsor fully supporting the entire overseas listing process.

This strategic decision is a critical step in Huagong Technology's globalization journey. Its core objectives are to deepen its global layout, enhance international visibility and comprehensive competitiveness, establish diversified financing channels, and optimize its capital structure.

In fact, Huagong Technology has already laid the groundwork for its global expansion in advance. Currently, it has established six industrial bases worldwide, including the Wuhan Optics Valley Headquarters and the Ezhou Intelligent Manufacturing Equipment Industrial Park, four overseas R&D centers in North America, Australia, Germany and Canada, and more than 40 sales and service centers. In the first half of 2025, the company's overseas business expanded rapidly, achieving major breakthroughs in export orders in markets such as Europe, North America and Southeast Asia.

This foray into the Hong Kong capital market holds far-reaching significance for Huagong Technology. As a world-leading international financial center, Hong Kong boasts a mature capital market system, a diverse investor base and a convenient cross-border investment and financing environment, which will provide Huagong Technology with a broad international stage. After listing, the company's brand awareness and influence in the global market will be further enhanced, and its cooperation with international customers will be deepened. At the same time, it will be able to attract more high-quality international resources, drive sustained growth in overseas business, better integrate into the global industrial chain, and strengthen its core competitiveness in the global intelligent manufacturing and laser technology sectors.

Three Core Businesses: Laying a Solid Foundation for Development

Originating from Huazhong University of Science and Technology and founded in 1999, Huagong Technology is a core backbone enterprise of "China Optics Valley" and one of the few domestic technology giants with simultaneous presence in the three core fields of intelligent manufacturing, optical communications and sensors. After over two decades of dedicated development, the company has built three highly competitive business segments, with its comprehensive strength firmly ranking among the world's leading players in the industry, providing solid support for this H-share listing and strategic layout.

In the field of intelligent manufacturing, Huagong Technology is one of the largest laser equipment manufacturers in China. Its independently developed 3D five-axis laser cutting machine technology leads the world, and its products are widely used in high-end manufacturing fields such as new energy vehicles, aerospace and rail transit. It has broken the monopoly of foreign enterprises in the high-end laser equipment market and provided core equipment support for the transformation and upgrading of China's manufacturing industry. In 2025, this business achieved operating income of 3.636 billion yuan, a year-on-year increase of 4.13%. Among them, orders from five major industries including new energy vehicles and shipbuilding accounted for 88%, shipbuilding industry orders increased by 24% year-on-year, and 3D five-axis laser equipment successfully entered the EU market.

In the connectivity business sector, as a global Top 10 optical module manufacturer, Huagong Technology has seized industry opportunities amid the explosion of AI computing power. In 2025, this business achieved revenue of 6.097 billion yuan, a sharp year-on-year increase of 53.39%, becoming the core engine of the company's growth. The company has achieved large-scale delivery of 800G silicon photonics LPO series and 1.6T optical module products in the world's first echelon, launched a number of industry-leading solutions, and achieved mass delivery of 800G ZR/ZR+Pro coherent optical modules. Meanwhile, it has made forward-looking arrangements for the R&D of low-orbit satellite communications and 6G base station optical modules. In the first quarter of 2026, shipments of high-speed optical modules such as 400G, 800G and 1.6T increased significantly, and the profit of the optical interconnection business increased by approximately 120% year-on-year.

In the sensing business sector, operating income reached 4.027 billion yuan in 2025, a year-on-year increase of 9.78%. The company continues to consolidate its global technological leadership in new energy vehicle thermal management and various sensors. Its domestic market share in the new energy and intelligent connected vehicle market has increased to 70%, and it has established in-depth collaboration with leading domestic and foreign automakers. Sales of pressure sensors grew by more than 100%, and gas sensors achieved a breakthrough from 0 to 1 in mass production.

Relying on its strong technological R&D strength, Huagong Technology has established a complete R&D system and talent training mechanism, and has successively undertaken a number of national major science and technology projects, becoming one of the benchmark enterprises for independent scientific and technological innovation in China. At the same time, the company's overseas production capacity continues to improve. The Thailand factory is expected to reach a monthly production capacity of 150,000 to 200,000 units in 2025, which can be flexibly adjusted according to customer order demand, providing strong support for overseas business expansion.

Continuous Strong Performance Growth: Both Annual and Quarterly Reports Deliver Outstanding Results

Huagong Technology's submission of its H-share listing application is backed by solid performance fundamentals, with both its 2025 annual report and 2026 Q1 performance forecast delivering impressive results.

On the evening of March 25, 2026, Huagong Technology released its 2025 annual report. The report shows that the company achieved total operating income of 14.355 billion yuan for the full year, a year-on-year increase of 22.59%; net profit attributable to shareholders of the listed company reached 1.471 billion yuan, a year-on-year increase of 20.48%, hitting a new record high.

During the reporting period, the company focused on its three core businesses of "connectivity, sensing and intelligent manufacturing", concentrated on AI infrastructure support and digital and intelligent empowerment of industries, and continuously promoted breakthroughs in key core technologies. Its production capacity and market share at home and abroad increased simultaneously, achieving remarkable results in high-quality development. Among them, Phase I of the Wuhan Optoelectronic Information Industry R&D and Innovation Park, the Thailand Overseas High-Speed Optical Module Industrial base, and the Xiaogan Intelligent Terminal Industrial base were all successfully completed and put into operation, providing strong hardware support for business scale expansion.

On April 13, Huagong Technology simultaneously disclosed its Q1 performance forecast, expecting the net profit attributable to shareholders of the listed company in the first quarter of 2026 to be 600 million yuan to 640 million yuan, representing a year-on-year increase of 46.38%-56.13%. The core drivers of performance growth come from two major sectors: first, the optical interconnection business benefited from the intensive construction of data centers, with shipments of high-speed optical modules such as 400G, 800G and 1.6T increasing significantly, and profit growing by approximately 120% year-on-year; second, the rapid expansion of the new energy-related industrial chain, coupled with the strong upward cycle of the shipbuilding industry and its development trend toward high-end, green and intelligent manufacturing, has brought strong demand for the intelligent manufacturing business, with orders for laser equipment and intelligent production lines growing rapidly.

Reconstructing the Business Landscape with AI, Marching Toward Global Leadership

Regarding this Hong Kong listing, Huagong Technology stated that listing on the SEHK is a strategic choice for the company to move from being a leader in China to a global leader, and also an important measure for the company to practice self-reliance and self-improvement in science and technology and promote industrial globalization. In the future, Huagong Technology will leverage the power of the international capital market to continuously increase investment in technological innovation, accelerate global market expansion, provide better products and services to global customers, create greater value for shareholders, and contribute more to the high-quality development of China's high-end manufacturing industry.

As the first year of the 15th Five-Year Plan period, 2026 will see Huagong Technology focus on new quality productive forces and implement the strategy of "AI-enabling products and productizing AI technologies". In terms of technological leadership, the company will accelerate the iteration of 3.2T/6.4T optical modules, advance parallel development of multiple routes including silicon photonics, LPO and CPO, achieve independent mass production of high-end optical chips, and build AI hubs and industry-specific vertical models. In terms of global layout, it will promote the H-share listing to build an "A+H dual capital platform", release the production capacity of its Thailand and Vietnam bases, and achieve the leap from product export to brand and capability export. In terms of talent development, it will implement the "500 PhDs Program", improve the equity incentive and talent system, and build a top innovation highland.

Overall, Huagong Technology's H-share listing, coupled with its continuously strong performance growth, demonstrates the company's proactive development momentum and firm confidence in the future. Relying on its technological advantages, complete industrial layout and clear development strategy, Huagong Technology is expected to achieve greater breakthroughs in the global market, become a world-leading enterprise in intelligent manufacturing and laser technology, create greater value for investors, and contribute to the development of the industry.