--- title: "NSING TECH will be listed tomorrow: net fundraising of HKD 940 million, with a loss of HKD 118 million in 2025" type: "News" locale: "en" url: "https://longbridge.com/en/news/280039741.md" description: "NSING TECH Co., Ltd. will be listed on the Hong Kong Stock Exchange on March 23, with an issue price of HKD 10.8, issuing 95 million shares, and a net fundraising amount of HKD 944 million. Cornerstone investors include Guohua Life Insurance, with a total subscription amount of HKD 140 million. The company's revenue for 2022, 2023, and 2024 is expected to be HKD 1.2 billion, HKD 1.037 billion, and HKD 1.168 billion, respectively, with an estimated revenue of HKD 1.36 billion and a net loss of HKD 118 million in 2025. The largest shareholder is Sun Yingtong, and the degree of equity dispersion is relatively high" datetime: "2026-03-22T04:21:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280039741.md) - [en](https://longbridge.com/en/news/280039741.md) - [zh-HK](https://longbridge.com/zh-HK/news/280039741.md) --- # NSING TECH will be listed tomorrow: net fundraising of HKD 940 million, with a loss of HKD 118 million in 2025 **Leidi Network Lei Jianping March 22** National Technology Co., Ltd. (abbreviated as "National Technology", stock code: "02701") will be listed on the Hong Kong Stock Exchange tomorrow. The issue price of National Technology is HKD 10.8, issuing 95 million shares, with a total fundraising amount of HKD 1.026 billion; after deducting the listing expenses of HKD 82.1 million, the net fundraising amount is HKD 944 million. The cornerstone investors of National Technology include Guohua Life Insurance, Harvest Oriental II, Ms. Dai Wanqin, An Jiangbo, and Xinhua Capital, with a total subscription of HKD 140 million. Guohua Life Insurance subscribed for HKD 50 million, Harvest Oriental II subscribed for HKD 40 million, Ms. Dai Wanqin subscribed for HKD 30 million, and An Jiangbo and Xinhua Capital each subscribed for HKD 10 million. National Technology has been listed on the A-share market, and as of Friday's close, the stock price of National Technology was CNY 21.79, with a market capitalization of CNY 12.7 billion. Once listed on the H-share market, National Technology will form an "A+H" structure. **Annual revenue of 1.36 billion, net loss of 118 million** The prospectus shows that National Technology's revenue for 2022, 2023, and 2024 is expected to be CNY 1.2 billion, CNY 1.037 billion, and CNY 1.168 billion, respectively; gross profit is expected to be CNY 426 million, CNY 18.01 million, and CNY 182 million, respectively; gross profit margins are expected to be 35.6%, 1.7%, and 15.6%, respectively; losses during the period are expected to be CNY 18.93 million, CNY 594 million, and CNY 256 million, respectively. In the first 9 months of 2025, National Technology's revenue was CNY 958 million, compared to CNY 821 million in the same period last year; gross profit was CNY 183 million, compared to CNY 156 million in the same period last year; the loss during the period was CNY 75.75 million, compared to a loss of CNY 166 million in the same period last year. NSING TECH's adjusted net profits for 2022, 2023, and 2024 are 119 million, -591 million, and -192 million yuan, respectively; the adjusted net loss for the first 9 months of 2025 is 75.75 million yuan. NSING TECH's revenue in 2025 is 1.36 billion yuan, an increase of 16.4% compared to 1.168 billion yuan in the same period last year; the net loss is 118 million yuan, compared to a net loss of 256 million yuan in the same period last year. The degree of shareholding dispersion in NSING TECH is surprising, with no shareholders holding more than 3%. The largest shareholder is Sun Yingtong, who is the chairman, executive director, and general manager of NSING TECH. Before the IPO, Sun Yingtong held only 2.65% of the shares. —————————————————— Leidi was founded by media person Lei Jianping. Please indicate the source if reprinted ### Related Stocks - [02701.HK](https://longbridge.com/en/quote/02701.HK.md) ## Related News & Research - [Nsing Technologies Shareholders Approve 2025 Reports and New Financing Mandates](https://longbridge.com/en/news/286591890.md) - [Nsing Technologies Sets Board Meeting to Approve Q1 2026 Results](https://longbridge.com/en/news/282540402.md) - [Coffee Prices Rebound on Technical Short-Covering](https://longbridge.com/en/news/286941721.md) - [E-bike and scooter sales explode amid rising gas prices](https://longbridge.com/en/news/286841225.md) - [FACTBOX-Here are the Democrats taking early steps in potential 2028 White House bids](https://longbridge.com/en/news/286890348.md)