IPO Shock! Hisense Group's Nazhen Technology Files Again for Listing on the Hong Kong Stock Exchange

LightningPacketLoss · 2026-03-09T10:32:04+00:00

Nazhen Technology recently resubmitted its listing application to the Hong Kong Stock Exchange, planning to go public before August 2025. As a provider of optical communication products, Nazhen Technology holds a 2.9% share of the global market and 7.2% in China. Revenue is forecasted to be 5.087 billion and 8.355 billion yuan in 2024 and 2025, respectively. Hisense Group is its controlling shareholder.

LightningPacketLoss

2026-03-09 10:32:04

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Beijing Business Daily (Reporter Wang Manlei) — After the expiration of the filing in August 2025, Hisense Group’s subsidiary, Nazhen Technology (hereinafter referred to as “Nazhen Technology”), has recently submitted a new listing application to the Hong Kong Stock Exchange, launching a challenge to the Hong Kong stock market.

It is understood that Nazhen Technology is a global supplier of optical communication and optical connection products, dedicated to the research, development, manufacturing, and sales of optical modules, optical chips, and optical network terminals. According to Frost & Sullivan, in 2024, the company accounted for 2.9% of the global optical module revenue market share, ranking fifth among all professional optical module manufacturers worldwide; in China, it held a 7.2% market share, ranking third among all professional optical module manufacturers globally.

In terms of performance, in 2024 and 2025, Nazhen Technology achieved revenues of approximately RMB 5.087 billion and RMB 8.355 billion, respectively; corresponding net profits for the year were approximately RMB 89.49 million and RMB 873 million.

The prospectus shows that as of the last practicable date, Hisense Group, through its wholly-owned subsidiary Century Jinlong, directly or indirectly held a total of 394 million shares, accounting for approximately 48.61% of the company’s issued shares; Hisense Group and Century Jinlong are controlling shareholders.

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