Huaqin Technology (SH:603296) Zhi Tong Cai Jing·2025-09-16 12:01Core Viewpoint - Huakin Technology (603296.SH) has submitted its listing application to the Hong Kong Stock Exchange, with CICC and BofA Securities as joint sponsors [1] Company Overview - Huakin Technology is a leading technology-driven smart product platform company, providing end-to-end solutions across the entire value chain for over 20 years [2] - The company has established a strong leading position in key product areas and is recognized as a global leader in the full-stack smart product ODM platform, achieving the number one position in multiple smart product categories [2] Product Matrix and Innovation - The company has strategically developed a "3+N+3" smart product matrix, focusing on three pillar products: smartphones, laptops, and servers, while expanding into mobile terminals, AIoT, computing, and data center businesses [2] - Huakin Technology is also exploring new opportunities in automotive electronics, software, and robotics [2] Manufacturing and Global Expansion - The company has established large manufacturing centers in Dongguan and Nanchang, leveraging geographical advantages, and is expanding its global footprint with production facilities in Vietnam, India, and Mexico [3] Financial Performance - For the fiscal years 2022 to 2024, Huakin Technology reported revenues of approximately RMB 92.65 billion, RMB 85.34 billion, and RMB 109.88 billion, respectively, with profits of approximately RMB 2.51 billion, RMB 2.66 billion, and RMB 2.91 billion [3][5] - The company’s revenue for the six months ending June 30, 2025, is projected to be approximately RMB 83.94 billion, with a profit of approximately RMB 1.91 billion [5]