--- title: "HGTECH rushes to the Hong Kong stock market: annual revenue of 14.4 billion, profit of 1.45 billion, market value of 123 billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/282630664.md" description: "HGTECH has submitted its prospectus and is preparing to list on the Hong Kong Stock Exchange. The company has an annual revenue of 14.4 billion, a profit of 1.45 billion, and a market value of 123 billion. Founded in 1999, HGTECH is one of the largest laser equipment manufacturers in China, with products widely used in several key areas. Revenue and profit are expected to continue growing from 2023 to 2025, with a projected net profit growth of 46.38% to 56.13% in the first quarter of 2026" datetime: "2026-04-14T04:50:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282630664.md) - [en](https://longbridge.com/en/news/282630664.md) - [zh-HK](https://longbridge.com/zh-HK/news/282630664.md) --- # HGTECH rushes to the Hong Kong stock market: annual revenue of 14.4 billion, profit of 1.45 billion, market value of 123 billion Leidi Network, Lei Jianping, April 14 HGTECH recently submitted its prospectus and is preparing to list on the Hong Kong Stock Exchange. HGTECH was listed on the A-share market in 2000. As of today’s midday trading, HGTECH's stock price is 122.31 yuan, with a market capitalization of 123 billion yuan. Once listed on the Hong Kong stock market, HGTECH will form an "A+H" share structure. HGTECH recently announced a cash dividend of 2.50 yuan (including tax) for every 10 shares based on a total of 995,702,707 shares, with no bonus shares issued and no capital reserve converted into share capital. Annual revenue of 14.355 billion, profit of 1.45 billion Founded in 1999, HGTECH is one of the largest laser equipment manufacturers in China and a global leader in "laser + intelligent manufacturing" system solutions, with its optical module business ranking in the global Top 10 (as published by the authoritative global optical communication organization Light Counting). HGTECH has established three core business patterns: connection business supported by information and communication technology, perception business supported by sensitive electronic technology, and intelligent manufacturing business supported by laser processing technology and software algorithms. HGTECH's products and solutions are widely used in key areas of the national economy, including automotive, consumer electronics, rail transportation, shipbuilding, low-altitude economy, AI computing power, and future energy. The prospectus shows that HGTECH's revenue for 2023, 2024, and 2025 is expected to be 10.3 billion, 11.7 billion, and 14.355 billion respectively; gross profit is expected to be 2.32 billion, 2.52 billion, and 3.046 billion respectively; and gross profit margins are expected to be 22.5%, 21.5%, and 21.2% respectively. HGTECH's annual profits for 2023, 2024, and 2025 are expected to be 1 billion, 1.2 billion, and 1.454 billion yuan respectively; and profit margins are expected to be 9.8%, 10.1%, and 10% respectively. HGTECH expects a net profit of 600 million to 640 million in the first quarter of 2026, an increase of 46.38% to 56.13% compared to 410 million in the same period last year; it is expected that the net profit after deducting non-recurring gains and losses will be 365 million to 380 million, an increase of 18.01% to 22.86% compared to 310 million in the same period last year. HGTECH stated that driven by the strong demand for artificial intelligence (AI) computing power, the optical module market in 2026 continues the high prosperity of 2025, showing significant characteristics of strong supply and demand and rapid technological iteration. The company's optical interconnection business benefits from the intensive construction of data centers, with a rapid increase in optical module orders in the first quarter, and a significant increase in the shipment of high-speed optical modules such as 400G, 800G, and 1.6T, with a year-on-year profit increase of about 120%. At the same time, the rapid expansion of the new energy-related industrial chain, as well as the strong upward cycle of the shipbuilding industry and the development trends of high-end, green, and intelligent manufacturing, bring strong demand to the company's intelligent manufacturing business, with rapid growth in orders for laser equipment and intelligent production lines. In addition, the market value of the company's equity investments measured at fair value has increased significantly. The actual controller is the Wuhan State-owned Assets Supervision and Administration Commission. The executive directors of HGTECH are Ma Xinqiang, Liu Hanshu, and Xiong Wen; the non-executive directors are Ms. Ai Jiao, Ms. Huang Xinhua, and Ms. Wang Ruohong; the independent non-executive directors are Du Guoliang, Xiong Xinhua, Zhan Xiaoping, and Peng Junming. As of December 31, 2025, Wuhan Donghu Innovation Technology Investment Co., Ltd. - Wuhan Guoheng Technology Investment Fund Partnership (Limited Partnership) holds 19%, Hong Kong Central Clearing Limited holds 2.6%, Wuhan Huazhong University of Science and Technology Asset Management Co., Ltd. holds 2%, and Yang Hong holds 1.17%; As of December 31, 2025, the equity structure of HGTECH The National Social Security Fund 401 Portfolio holds 0.88%, Xinjiang Jiangna Mining Co., Ltd. holds 0.45%, Zou Weizhong holds 0.44%, and Wang Shichen holds 0.43%; Shenzhen Xinde Huachang Investment Co., Ltd. holds 0.39%, and Industrial Bank Co., Ltd. - Xingquan Trend Investment Mixed Securities Investment Fund holds 0.34%. As of December 31, 2025, the State-owned Assets Supervision and Administration Commission of Wuhan is the actual controller of the company ### Related Stocks - [000988.CN](https://longbridge.com/en/quote/000988.CN.md) ## Related News & Research - [HeatSign Cuts Industrial Marking Costs up to 50 percent by Portable Marking Solutions](https://longbridge.com/en/news/286923127.md) - [Applied Energetics launches refreshed brand and new website to showcase ultrashort pulse laser focus](https://longbridge.com/en/news/286472409.md) - [Laser Photonics and Fonon Technologies Present Laser Blaster Cabinet for Safe Manual Laser Cleaning | LASE Stock News](https://longbridge.com/en/news/286422975.md) - [AP Technologies Acquires Blueacre Technology, Adding Nitinol and Precision Laser Processing to Its Catheter Platform](https://longbridge.com/en/news/286929294.md) - [08:00 ETMellingMedical Teams with AVAVA to Offer Next-Generation Energy-Based Laser Solutions Throughout the Federal Healthcare System](https://longbridge.com/en/news/286094670.md)