--- title: "CFMEE listed on the Hong Kong stock market: Market value of HKD 64 billion, annual revenue of HKD 1.4 billion, profit of HKD 290 million" type: "News" locale: "en" url: "https://longbridge.com/en/news/290914076.md" description: "CFMEE was listed on the Hong Kong Stock Exchange on June 26, with an issue price of HKD 252.73, raising a net amount of HKD 3.153 billion. The opening price was HKD 439, an increase of 73.7% compared to the issue price, with a market capitalization of approximately HKD 64 billion. Cornerstone investors include Hefei State-owned Assets, Nexchip, Hillhouse, etc., collectively subscribing for USD 200 million. The company was previously listed on the STAR Market in April 2021" datetime: "2026-06-26T04:16:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290914076.md) - [en](https://longbridge.com/en/news/290914076.md) - [zh-HK](https://longbridge.com/zh-HK/news/290914076.md) --- # CFMEE listed on the Hong Kong stock market: Market value of HKD 64 billion, annual revenue of HKD 1.4 billion, profit of HKD 290 million ![1.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/45eda2ac55f52a2b9963323f7f241366.jpeg?x-oss-process=style/lg) Leidi Network, Lei Jianping, June 26 Hefei CFMEE Equipment Co., Ltd. (abbreviated as "CFMEE", stock code: "09630") was listed on the Hong Kong Stock Exchange today. The issue price of CFMEE is HKD 252.73, issuing 12,838,650 shares, raising a total of HKD 3.245 billion; after deducting the listing expenses of HKD 91.7 million, the net fundraising amount is HKD 3.153 billion. ![2.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/470a1e1549f082aeb9f7d838a6939b90.jpeg?x-oss-process=style/lg) The cornerstone investors of CFMEE include entities controlled by the Hefei State-owned Assets Supervision and Administration Commission (Hefei Jianhui and Xinyao Investment), Nexchip Hong Kong, JP Morgan, Shenghong Technology Hong Kong, CPE Chestnut, Lion Global, CICC FT (related to Jinglin's OTC swaps), Hillhouse HHLR, Huadeng Victorious, Montage HK under Lanqi Technology, Yonglian Investment, Monterey Park, Bosera International, Huitianfu (Hong Kong), Franklin Templeton Hong Kong and Franklin Templeton Fund, GF Fund, and Tongfu Microelectronics' wholly-owned subsidiary Haizao Industry, collectively subscribing for USD 200 million (approximately HKD 1.581 billion). ![3.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/9fbd05afba88cca5a846443c35dbf7b6.jpeg?x-oss-process=style/lg) Among them, Hefei Jianhui subscribed for USD 10.72 million, Xinyao Investment subscribed for USD 9.75 million, Nexchip Hong Kong subscribed for USD 7.8 million, JP Morgan and Shenghong Technology Hong Kong each subscribed for USD 19.5 million, CPE Chestnut and Lion Global each subscribed for USD 17.55 million, CICC FT (related to Jinglin's OTC swaps) and Hillhouse HHLR each subscribed for USD 11.7 million; Huadeng Victorious subscribed for USD 10.24 million, Montage HK under Lanqi Technology and Yonglian Investment each subscribed for USD 9.75 million, Monterey Park, Bosera International, Huitianfu (Hong Kong), Franklin Templeton Hong Kong and Franklin Templeton Fund, GF Fund each subscribed for USD 6.82 million, Haizao Industry and Sunshine Power Hong Kong each subscribed for USD 4.87 million CFMEE opened at HKD 439, up 73.7% from the issue price; as of now, the company's market value is approximately HKD 64 billion; CFMEE was listed on the Sci-Tech Innovation Board in April 2021, issuing 30.2 million shares at an issue price of RMB 15.23, raising RMB 460 million. With this listing on the Hong Kong Stock Exchange, CFMEE has formed an "A+H" share structure. Today, CFMEE's A-share midday price is RMB 525, with a market value of RMB 69.1 billion; the premium of CFMEE's H shares over A shares is -26.59%. Annual revenue of RMB 1.4 billion, profit of RMB 290 million ![4.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/87b5f0a2f69eae0923123fe9e260e9e5.jpeg?x-oss-process=style/lg) CFMEE specializes in the research and production of direct imaging equipment and direct writing lithography equipment, with micro-nano direct writing lithography as its core technology. The company is located in Hefei, Anhui Province. ![5.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/aacfa051c6be1f21f777208aec2381b2.jpeg?x-oss-process=style/lg) According to the prospectus, CFMEE's revenue for 2023, 2024, and 2025 is projected to be RMB 829 million, RMB 954 million, and RMB 1.408 billion, respectively; gross profit is projected to be RMB 339 million, RMB 339 million, and RMB 551 million, respectively; gross margins are projected to be 40.9%, 35.5%, and 39.1%, respectively; annual profits are projected to be RMB 179 million, RMB 161 million, and RMB 290 million, with annual profit margins of 21.6%, 16.1%, and 20.6%, respectively. ![6.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/a5f61dd712758239f1dcfbada32e4f9d.jpeg?x-oss-process=style/lg) In 2025, CFMEE's revenue from PCB direct imaging equipment and automatic line systems is expected to be RMB 1.08 billion, accounting for 76.7%; revenue from semiconductor direct writing lithography equipment and automatic line systems is expected to be RMB 233 million, accounting for 16.6%. ![7.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/f332daa3fa0e73b4395bc04ed8762cb6.jpeg?x-oss-process=style/lg) In the first quarter of 2026, CFMEE's revenue was RMB 515 million, an increase of 112% compared to RMB 242 million in the same period last year; net profit was RMB 108 million, an increase of 109% compared to RMB 51.87 million in the same period last year; net profit after deducting non-recurring items was RMB 105 million, an increase of 104% compared to RMB 51.59 million in the same period last year Cheng Zhuo controls 35% of the shares ![8.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/8d841986269f32d78b7573a09217a3dc.jpeg?x-oss-process=style/lg) The executive directors of CFMEE are Ms. Cheng Zhuo, Fang Lin, and Ms. Wei Yongzhen; the non-executive directors are Zhao Lingyun, Zhou Chijun, and Liu Feng; the independent non-executive directors are Ms. Zhou Yana, Zhong Qi, and Wang Lede. ![9.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/f860fe9b2f414a1aa99144ab8d6d5d10.jpeg?x-oss-process=style/lg) As of March 31, 2026, Cheng Zhuo holds 25.92% of the shares, Ningbo Yage Venture Capital Partnership (Limited Partnership) holds 7.17%, Hong Kong Central Clearing Limited holds 4.09%, Ningbo Dingqing Venture Capital Partnership (Limited Partnership) holds 2.29%, China Merchants Bank Co., Ltd. - Xingquan Huanrun Mixed Securities Investment Fund holds 1.44%, and Fang Lin holds 0.83%; ![10.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/4a1b06440564ab692a101215baf75b16.jpeg?x-oss-process=style/lg) As of March 31, 2026, the shareholding structure of CFMEE Shenzhen Guolong Capital Equity Investment Management Co., Ltd. - Shenzhen Qifu Guolong Small and Micro Enterprises Equity Investment Fund Partnership (Limited Partnership) holds 0.77%, Industrial and Commercial Bank of China Limited - Fortune Innovation Technology Mixed Securities Investment Fund holds 0.76%, He Shaofeng holds 0.62%, and Hefei Naguan Lithography Enterprise Management Consulting Partnership (Limited Partnership) holds 0.57%. Cheng Zhuo is the executive partner of Ningbo Yage Venture Capital Partnership (Limited Partnership), and Yang Guoqing, the executive partner of Ningbo Dingqing Venture Capital Partnership (Limited Partnership), is Cheng Zhuo's sister's spouse. As of June 30, 2025, Cheng Zhuo holds 27.92% of the shares, Ningbo Yage Venture Capital Partnership (Limited Partnership) holds 7.17%, Ningbo Dingqing Venture Capital Partnership (Limited Partnership) holds 3.5%, and China Everbright Bank Co., Ltd. - Xingquan Business Model Preferred Mixed Securities Investment Fund (LOF) holds 2.44%; ![11.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/c66cca29de5ddabf56f515b75f080344.jpeg?x-oss-process=style/lg) As of June 30, 2025, the equity structure of CFMEE China Merchants Bank Co., Ltd. - Xingquan Helun Mixed Securities Investment Fund holds 2.06%, and Industrial Bank Co., Ltd. - Xingquan New Vision Flexible Allocation Periodic Open Mixed Initiated Securities Investment Fund holds 1.87%; Shenzhen Guolong Capital Equity Investment Management Co., Ltd. - Shenzhen Qifu Guolong Small and Micro Enterprises Equity Investment Fund Partnership (Limited Partnership) holds 1.52%, Fang Lin holds 0.83%, He Shaofeng holds 0.8%, and Hong Kong Central Clearing Limited holds 0.63%. ![12.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/1c714ff54c57bfe1e36d6cd5510fc0b7.jpeg?x-oss-process=style/lg) Comparing, it can be found that in the past 9 months, Cheng Zhuo's shareholding ratio has decreased by 2 percentage points, while Hong Kong Central Clearing Limited has continued to grow, becoming the second largest shareholder. ![13.jpeg](https://pub.pbkrs.com/post/2026/lb_crawler_news_hk/796856c11bd1c7ec6a23093da449b1ca.jpeg?x-oss-process=style/lg) As of January 21, 2026, during the implementation period of this reduction plan, Ms. Cheng Zhuo has cumulatively reduced her holdings in the company by 2,634,813 shares through centralized bidding and block trading, accounting for 2.00% of the company's total share capital. This reduction plan has been completed. Ms. Cheng Zhuo reduced her holdings from December 10, 2025, to January 21, 2026, with an average price ranging from 127.3 yuan to 163 yuan, cashing out 376 million yuan. ————————————— ### Related Stocks - [09630.HK](https://longbridge.com/en/quote/09630.HK.md) - [688630.CN](https://longbridge.com/en/quote/688630.CN.md) - [688249.CN](https://longbridge.com/en/quote/688249.CN.md) ## Related News & Research - [Changzhou Investment Group unit Xinhui Commercial Factoring extends RMB 30 million “Xinrongbao” financing to delivery service providers](https://longbridge.com/en/news/290496991.md) - [OCT Asia Advances Hefei Land Resumption Disposal, Receives Majority of Compensation](https://longbridge.com/en/news/290682305.md) - [The White House wanted to make money from 2 chip companies. 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