--- title: "A-share subscription | Hansong Technology opens subscription, with cooperative clients including global audio brands such as NAD and Bluesound" type: "News" locale: "en" url: "https://longbridge.com/en/news/250036864.md" description: "Hansong Technology started its subscription on July 25, with an issue price of 28.91 yuan per share, a subscription limit of 7,500 shares, and a price-to-earnings ratio of 14.90 times. The company was established in 2003 and focuses on high-end audio products and technology solutions, with clients including global audio brands such as NAD and Bluesound. China International Capital Corporation is its sponsor" datetime: "2025-07-24T23:03:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/250036864.md) - [en](https://longbridge.com/en/news/250036864.md) - [zh-HK](https://longbridge.com/zh-HK/news/250036864.md) --- # A-share subscription | Hansong Technology opens subscription, with cooperative clients including global audio brands such as NAD and Bluesound According to Zhitong Finance APP, on July 25, Hansong Technology (301491.SZ) opened for subscription, with an issue price of 28.91 yuan per share, a subscription limit of 7,500 shares, and a price-to-earnings ratio of 14.90 times. It is listed on the Shenzhen Stock Exchange, with China International Capital Corporation as its sponsor. According to the prospectus, Hansong Technology was established in 2003 and is an industry-leading comprehensive supplier of high-end audio products and full-chain audio technology solutions, dedicated to providing integrated services for research and development, design, and manufacturing of high-performance audio and innovative audio products for globally renowned audio brand clients. The company has long focused on the research and development of audio-related technologies, with over 20 years of industry experience in audio product design, R&D, and manufacturing. It has accumulated a series of core technological capabilities in the audio field, including high-performance audio signal processing and amplification, audio transmission, and intelligent audio systems, establishing its core competitive advantage in the audio sector. In the field of high-performance audio signal processing and amplification technology, the company has a deep technical accumulation in the acquisition, processing, and amplification of high-performance audio signals, with product performance reaching industry-leading levels. In the audio transmission field, the company's self-developed streaming media modules and software solutions are industry-leading high-definition, multi-room, cross-ecosystem voice streaming media module solutions. While achieving low costs, they have received comprehensive certification from major global streaming media platforms and can provide customized software services to clients. The company also masters multi-channel wireless transmission technology under various protocols, enabling multi-channel, low-latency, high-synchronization, and high-resolution wireless transmission in different application scenarios. The company has independently developed AoIP wired network audio transmission technology based on the AES67 protocol, supporting leading transmission functions such as multi-sampling, multi-channel, ultra-low latency, high-definition low-loss, unicast, and multicast. In the field of intelligent audio systems, the company has established a cloud-edge-end collaborative system framework, with a complete end-to-end technology chain solution developed in-house, from core streaming media modules to device ends and then to the cloud. By integrating smart audio devices, edge devices, and third-party content service platforms, it has built a complete audio Internet of Things and cloud platform, capable of simultaneously distributing and managing massive audio and other multimedia content across ecosystems in the cloud, and providing multi-level deployment, playback management, system control, and data insights for smart audio large systems across regions and areas. Over the years, the company has closely followed industry development trends and customer needs, gaining wide recognition in the market and among clients due to its outstanding technological innovation capabilities, rich R&D design experience, and excellent product quality, establishing a good reputation in the global audio industry. The company has cooperated with many well-known brands in various segments of the global audio industry, including NAD, Bluesound, SnapOne, Sonance, JBL, McIntosh, SonusFaber, B&W, Denon, Marantz, Dynaudio, Steelseries, Tonies, and others. Taking power amplifiers in high-performance audio products as an example, according to official statistics from the General Administration of Customs of the People's Republic of China, during the reporting period, the company's exported audio amplifiers (customs commodity code 85184000) accounted for 3.84%, 2.15%, and 3.12% of the export value of similar domestic products, occupying a certain market position In terms of finance, the company achieved operating revenues of approximately RMB 1.386 billion, RMB 1.031 billion, and RMB 1.454 billion for the years 2022, 2023, and 2024, respectively; during the same period, the net profits were approximately RMB 188 million, RMB 136 million, and RMB 254 million. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250725/1753396263512730.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ### Related Stocks - [301491.CN](https://longbridge.com/en/quote/301491.CN.md) ## Related News & Research - [EVs dominate China’s car market: 5 takeaways from the country's latest auto sales data](https://longbridge.com/en/news/295598567.md) - [Cerebras IPO Surged to $350, Now Testing $244 — Will Q2 Earnings Confirm Wafer-Scale Speed Story?](https://longbridge.com/en/news/295601693.md) - [Ciena (CIEN) Lands Fresh Network Wins, Is The Stock Still Undervalued?](https://longbridge.com/en/news/295629009.md) - [Another AI lab is burning through cash as Tencent earnings rise](https://longbridge.com/en/news/295641594.md) - [Why Is Nokia Stock Surging on Tuesday?](https://longbridge.com/en/news/295558292.md)