Gate News message, April 15 — Shanghai-listed electronics manufacturer Huaqin Technology launched a Hong Kong share offering on April 15, issuing 58.5 million shares priced at up to HK$77.70 (US$9.9) each to raise as much as HK$4.55 billion (US$581 million).
The company expects to announce the final offer price by April 22 and begin trading on April 23 under stock code 3296.
Huaqin held 22.5% of the global consumer electronics ODM market by shipment volume in 2024, making it the world’s largest Original Design Manufacturer in the sector. The company’s 2025 revenue reached 171.4 billion yuan (US$25.1 billion), up 56.02% year over year, with computing and data center systems accounting for 44% of total revenue.
Management targets revenue exceeding 200 billion yuan (US$29.3 billion) in 2026 and 300 billion yuan (US$44 billion) by 2028-2029 under its “3+N+3” strategic framework. The company is building full-stack design capabilities for data centers, including liquid cooling systems.
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