---
title: "\"New Stocks\" AI hardware manufacturer LY iTECH applies for listing in Hong Kong"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267109607.md"
description: "The AI hardware intelligent manufacturing platform LY iTECH has applied for a listing in Hong Kong, with Cathay Pacific Securities serving as the sole sponsor. The company's products cover areas such as AI terminal devices, robots, and enterprise-level commercial servers, with major clients including companies in the AI terminal device and new energy vehicle industries. Revenue in 2024 is expected to rank first in the global market for high-precision components of AI terminal devices. In the first nine months of 2023, revenue reached RMB 37.59 billion, a year-on-year increase of 19.3%, with profit growing by 39.6% to RMB 1.966 billion. The funds raised will be used to enhance production capacity, research and development capabilities, strategic investments and acquisitions, and expand production infrastructure"
datetime: "2025-11-24T04:07:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267109607.md)
  - [en](https://longbridge.com/en/news/267109607.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267109607.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/267109607.md) | [繁體中文](https://longbridge.com/zh-HK/news/267109607.md)


# "New Stocks" AI hardware manufacturer LY iTECH applies for listing in Hong Kong

The AI hardware intelligent manufacturing platform LY iTECH (002600.SZ), listed on the Shenzhen Stock Exchange, recently submitted a listing application to the Hong Kong Stock Exchange, with Guotai Junan serving as the sole sponsor.

According to preliminary prospectus information, LY iTECH's full-chain product matrix covers core materials, precision functional components, modules, and high-quality assembly, applied in AI terminal devices, robots, and enterprise-level commercial servers, as well as in the automotive and low-altitude economy sectors. Major clients include companies in the AI terminal device, new energy vehicle, social networking, and extended reality (XR) industries.

According to Frost & Sullivan data, based on 2024 revenue, LY iTECH ranks first in the global AI terminal device high-precision functional components market and third in the global AI terminal device high-precision intelligent manufacturing platform industry.

As of the end of September this year, the company recorded revenue of RMB 37.59 billion, a year-on-year increase of 19.3%; during the period, profit grew by over 39.6% to RMB 1.966 billion. LY iTECH expects that the funds raised from the listing in Hong Kong will be used to enhance production capacity, research and development capabilities, strategic investments and acquisitions, as well as to expand domestic and overseas production infrastructure

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