New Stock News | RIGOL submits listing application to Hong Kong Stock Exchange as China's largest electronic measurement instrument supplier

According to the Hong Kong Stock Exchange's disclosure on September 29, RIGOL Technologies Co., Ltd. (stock code: 688337.SH) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor. The prospectus shows that the company is an electronic measurement instrument company with advanced technological strength and a vast global footprint. According to Frost & Sullivan, the company is the largest electronic measurement instrument supplier in China and ranks eighth globally by revenue in 2024. The company designs, develops, manufactures, and delivers comprehensive electronic measurement instruments and solutions to support scientific exploration and industry innovation. Through the "RIGOL" brand, it serves over 100,000 end customers in more than 90 countries and regions, addressing complex testing challenges in communications, new energy, semiconductors, and education and research. After years of focused research and development (R&D) and innovation, the company has established a comprehensive electronic measurement portfolio based on two pillars: (i) a product matrix driven by core technology, covering digital oscilloscopes, microwave radio frequency (RF) instruments, direct current (DC) precision instruments, and modular instruments; (ii) a suite of multi-scenario solutions primarily serving high-growth industries such as communications, new energy, semiconductors, education, and research. According to Frost & Sullivan, by revenue in 2024, the company is the largest digital oscilloscope supplier in China and ranks fifth globally; at the same time, it is the largest waveform generator supplier in China and ranks third globally. The company is also the first and only company in China to successfully commercialize digital oscilloscopes equipped with self-developed application-specific integrated circuits (ASICs). According to Frost & Sullivan, the global test and measurement instruments and solutions market is expected to reach approximately RMB 110 billion by 2024. Looking ahead, the market is expected to maintain strong growth momentum, with a compound annual growth rate of 8.6% projected from 2025 to 2029, reaching approximately RMB 170 billion by 2029. The top ten companies in 2024 include seven overseas companies and three Chinese companies, accounting for about 80.1% of the electronic measurement instrument market share. By revenue in 2024, the company ranks first among Chinese companies and eighth globally, with a market share of 1.1%. In terms of finances, for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2024, and 2025, RIGOL achieved revenues of approximately RMB 631 million, RMB 671 million, RMB 776 million, RMB 307 million, and RMB 355 million, respectively; during the same periods, the profits were RMB 92.488 million, approximately RMB 108 million, RMB 92.303 million, RMB 15.063 million, and RMB 16.216 million, respectively