Winson Technology's IPO Receives Strong Subscription Response

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VGT is going public in Hong Kong, potentially raising funds at a capped price, with the scale increasing to USD 2.6 billion. The originally planned offering price is no more than HKD 209.88 per share, with a maximum fundraising of approximately HKD 17.49 billion. Institutional investor subscriptions close today (15th), and shares will be listed next Tuesday (21st). This IPO is the largest scale in Hong Kong since September last year, and it is expected that the total fundraising amount for this year will exceed USD 40 billion

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According to reports, VGT's upper limit price for the new shares may increase the fundraising amount to 2.6 billion USD

VGT plans to close the subscription for its Hong Kong offering for institutional investors one day earlier than scheduled, originally set to close at noon on Wednesday (15th). The public offering will end tomorrow (16th). Due to strong demand, the company plans to expand the scale of its H-share listing to HKD 20.2 billion, with the margin subscription amount reaching HKD 46.475 billion, oversubscribed by approximately 25 times

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"New Shares" reports that institutional investors' subscriptions for VGT are expected to close one day earlier, with H-share fundraising potentially expanding to HKD 20.2 billion

The public offering of new shares for VGT (2476) will close for subscriptions tomorrow. The response to margin subscriptions has been lukewarm, currently recording approximately HKD 56.2 billion in margin, with an oversubscription of about 31 times. VGT plans to stop accepting subscriptions from institutional investors one day earlier, and due to strong demand, plans to expand the Hong Kong listing scale to HKD 20.2 billion

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VGT's margin financing temporarily exceeds 31 times, reported to halt institutional investors' subscriptions early

Benefiting from the explosion of AI computing infrastructure, VGT delivered its strongest annual report in history for 2025: revenue of 19.292 billion yuan, a year-on-year increase of 79.8%; net profit of 4.312 billion yuan, a year-on-year surge of 273.5%, with ROE jumping to 35.6%. The company is deeply tied to the AI computing track, leveraging high-end HDI and multilayer board technology to achieve simultaneous growth in both volume and price. Q4 operating cash flow was 2.219 billion yuan, accounting for 48% of the annual total, demonstrating strong cash collection capability. It plans to distribute 20 yuan for every 10 shares, totaling a dividend of 1.74 billion yuan

- The explosive growth of artificial intelligence infrastructure has led to a significant boom in the PCB (printed circuit board) industry, as highlighted by Shenghong Technology's impressive annual report for 2025.  
- The company reported a revenue of 19.292 billion yuan, a 79.77% increase from the previous year, and a net profit of 4.312 billion yuan, soaring 273.52%, driven largely by its high-performance product offerings.  
- Shenghong's advancements position it as a crucial player supporting major AI companies, reflecting broader industry shifts toward high-end HDI and multilayer boards amidst evolving market demands.

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Net profit soared by 274%! AI computing power "shovel sellers" VGT's 2025 annual report exploded, lavishly distributing 1.7 billion in dividends | Financial report insights

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VGT expects a net profit of 4.312 billion yuan in 2025, a year-on-year increase of 273.52%. Operating revenue is expected to be 19.292 billion yuan, a year-on-year increase of 79.77%. The company plans to distribute a cash dividend of 20 yuan (including tax) for every 10 shares to all shareholders. At the same time, it reminds investors of market risks and advises caution in investments

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VGT: Net profit of 4.312 billion yuan in 2025, a year-on-year increase of 273.52%

Victory Giant Technology Huizhou's Hong Kong listing proposal filed with China's securities regulator

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Victory Giant Technology Huizhou's Hong Kong listing proposal filed with China's securities regulator

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According to reports, VGT's upper limit price for the new shares may increase the fundraising amount to 2.6 billion USD

"New Shares" reports that institutional investors' subscriptions for VGT are expected to close one day earlier, with H-share fundraising potentially expanding to HKD 20.2 billion

VGT's margin financing temporarily exceeds 31 times, reported to halt institutional investors' subscriptions early

Net profit soared by 274%! AI computing power "shovel sellers" VGT's 2025 annual report exploded, lavishly distributing 1.7 billion in dividends | Financial report insights

VGT: Net profit of 4.312 billion yuan in 2025, a year-on-year increase of 273.52%