--- title: "SG Micro will be listed tomorrow: dark market up 24%, market value HKD 71.3 billion, Q1 revenue HKD 1.1 billion, net profit HKD 100 million" type: "News" locale: "en" url: "https://longbridge.com/en/news/290848772.md" description: "SG Micro will be listed on the Hong Kong stock market tomorrow, with an issue price of HKD 85.2. Today, the dark market surged 24% to HKD 105.7, with a market capitalization of HKD 71.3 billion. The company's Q1 revenue is HKD 1 billion, and net profit is HKD 100 million. Cornerstone investors include GIC, Hillhouse Capital, and Sungrow Power Supply, with a total subscription of approximately USD 2.3 billion" datetime: "2026-06-25T14:19:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290848772.md) - [en](https://longbridge.com/en/news/290848772.md) - [zh-HK](https://longbridge.com/zh-HK/news/290848772.md) --- # SG Micro will be listed tomorrow: dark market up 24%, market value HKD 71.3 billion, Q1 revenue HKD 1.1 billion, net profit HKD 100 million ![1.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/0f65978dfed73c67a085d063ebd7a284.jpeg?x-oss-process=style/lg) Leidi Network, Lei Jianping, June 25 SG Micro (Beijing) Co., Ltd. (abbreviated as "SG Micro", stock code: "03661") will be listed on the Hong Kong Stock Exchange tomorrow. The issue price of SG Micro is HKD 85.2, issuing 54 million shares, raising HKD 4.6 billion. The closing price of SG Micro in the dark market today was HKD 105.7, up 24% from the issue price; based on the closing price, the company's market value is HKD 71.3 billion. Sunpower, iSoftStone, Hillhouse support The cornerstone investors of SG Micro include GIC, JPMAMAPL, CPE Ginkgo, Da Cheng International, Taikang Life, DAMSIMF, First Sentier Investors, GF Fund Management, GF Fund Hong Kong, Golden Continent, Harvest Global Investments, Hillhouse HHLRA, HHLRA (as the investment manager of SMA managed by CPP Investments), Huadeng Technology, Singapore Huqin, Sunpower's Sungrow Power, ICBC Wealth Management, iSoftStone HK under iSoftStone, LMR Master Fund, Millennium Capital, Ninety One Asia, Ocean Fine Industrial, China Post Wealth Management, Taikang Life, Value Partners Hong Kong Limited, Value Partners Limited, with a total subscription of USD 293 million (approximately HKD 2.3 billion). ![2.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/85aa96e5eae08b25c6c9a96b95b8c70d.jpeg?x-oss-process=style/lg) Among them, GIC subscribed for USD 50 million, JPMAMAPL for USD 49 million, CPE Ginkgo for USD 38 million, Da Cheng International, Taikang Life, and DAMSIMF each for USD 3 million, First Sentier Investors for USD 20 million, GF Fund Management for USD 10 million, GF Fund Hong Kong for USD 2 million; Golden Continent and Harvest Global Investments each subscribed for USD 3 million, Hillhouse HHLRA for USD 39 million, HHLRA (as the investment manager of SMA managed by CPP Investments) for USD 10 million, Huadeng Technology subscribed for 5 million USD; Singapore Huqin subscribed for 7 million USD, Sungrow Power subscribed for 4 million USD, ICBC Wealth Management, iSoftStone HK, and LMR Master Fund each subscribed for 3 million USD, Millennium Capital subscribed for 5 million USD, Ninety One Asia subscribed for 3 million USD, Ocean Fine Industrial subscribed for 4 million USD, China Post Wealth Management subscribed for 3 million USD, Taikang Life subscribed for 8 million USD, Value Partners Hong Kong Limited subscribed for 10.1 million USD, and Value Partners subscribed for 1.9 million USD. SG Micro has been listed on the A-share market. As of today's close, SG Micro's stock price is 138.28 CNY, with a market capitalization of 85.9 billion CNY. Once listed on the Hong Kong stock market, SG Micro will form an "A+H" share structure. First quarter revenue 1.1 billion, net profit 100 million The prospectus shows that SG Micro's revenue for 2023, 2024, and 2025 is expected to be 2.616 billion CNY, 3.347 billion CNY, and 3.9 billion CNY, respectively; gross profit is expected to be 1.176 billion CNY, 1.58 billion CNY, and 1.8 billion CNY, respectively; and net profit is expected to be 270 million CNY, 491 million CNY, and 534 million CNY, respectively. ![3.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/5e7bd1bab283a3293e6b761cf7978745.jpeg?x-oss-process=style/lg) SG Micro's adjusted net profit for 2023, 2024, and 2025 is expected to be 389 million CNY, 576 million CNY, and 693 million CNY, respectively. ![4.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/3f1cb9beb8a495cc8b4c753e26f3a4c6.jpeg?x-oss-process=style/lg) SG Micro's revenue for the first quarter of 2026 is 1.1 billion CNY, a 39% increase from 790 million CNY in the same period last year; net profit is 120 million CNY, a 107% increase from 59.77 million CNY in the same period last year; and net profit after deducting non-recurring items is 100 million CNY, a 195% increase from 33.96 million CNY in the same period last year. Zhang Shilong controls 36% equity As of March 31, 2026, Chongqing Hongshun Xiangtai Enterprise Management Co., Ltd., controlled by Zhang Shilong, holds 18.93% of the shares, Ms. Zhang Qin's Chongqing Baoli Hongya Enterprise Management Co., Ltd. holds 8.17%, Hongwei International Development Co., Ltd. holds 4.64%, and Lin Lin holds 3.81%; ![5.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/74a807f62333c4128a367b90231b674a.jpeg?x-oss-process=style/lg) As of March 31, 2026, the equity structure of SG Micro Hong Kong Securities Clearing Company Limited holds 3.03%, Industrial and Commercial Bank of China Limited - Nuode Growth Mixed Securities Investment Fund holds 2.24%, Qianhai Life Insurance Co., Ltd. - Dividend Insurance Product holds 0.83%, Bank of Communications Co., Ltd. - WanJia Industry Preferred Mixed Securities Investment Fund (LOF) holds 0.81%; The company's shareholders Chongqing Hongshun Xiangtai Enterprise Management Co., Ltd., Chongqing Baoli Hongya Enterprise Management Co., Ltd., Hongwei International Development Co., Ltd., Ms. Zhang Qin, and Lin Lin are acting in concert. ![6.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/dbcf318d41eb51cd18ba5fa94e6866e1.jpeg?x-oss-process=style/lg) Dr. Zhang Shilong controls a total of 36.19% of the company's equity. —————————————— ### Related Stocks - [300661.CN](https://longbridge.com/en/quote/300661.CN.md) - [03661.HK](https://longbridge.com/en/quote/03661.HK.md) - [300274.CN](https://longbridge.com/en/quote/300274.CN.md) - [301236.CN](https://longbridge.com/en/quote/301236.CN.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [000776.CN](https://longbridge.com/en/quote/000776.CN.md) - [01776.HK](https://longbridge.com/en/quote/01776.HK.md) - [603296.CN](https://longbridge.com/en/quote/603296.CN.md) - [601398.CN](https://longbridge.com/en/quote/601398.CN.md) - [01398.HK](https://longbridge.com/en/quote/01398.HK.md) - [N91.UK](https://longbridge.com/en/quote/N91.UK.md) - [601658.CN](https://longbridge.com/en/quote/601658.CN.md) - [01658.HK](https://longbridge.com/en/quote/01658.HK.md) - [00806.HK](https://longbridge.com/en/quote/00806.HK.md) - [JPM-M.US](https://longbridge.com/en/quote/JPM-M.US.md) - [JPM-C.US](https://longbridge.com/en/quote/JPM-C.US.md) - [JPM-D.US](https://longbridge.com/en/quote/JPM-D.US.md) - [JPM-L.US](https://longbridge.com/en/quote/JPM-L.US.md) - [8634.JP](https://longbridge.com/en/quote/8634.JP.md) - [JPM-K.US](https://longbridge.com/en/quote/JPM-K.US.md) - [JPM-J.US](https://longbridge.com/en/quote/JPM-J.US.md) ## Related News & Research - [Hong Kong's 'Hard Tech' Boom Is a Chaotic Mix of Real AI Hardware and Desperate Corporate Pivots](https://longbridge.com/en/news/290939355.md) - [Tasty Concepts Holding launches 3-for-2 rights issue at HK$ 0.1 per share](https://longbridge.com/en/news/290927870.md) - [Investing in America: Why automatic retirement savings are the future](https://longbridge.com/en/news/290989967.md) - [North Haven Private Income Fund A About 69.5% Of Each Investor's Tender Request Fulfilled](https://longbridge.com/en/news/290616575.md) - [TECHNICALS-CBOT soybeans may stabilise around $11.48-1/2 and rise](https://longbridge.com/en/news/290912129.md)