苏州“A+H”上市阵营继续扩容

Group 1 - Dongshan Precision plans to issue H-shares and list on the Hong Kong Stock Exchange, becoming the fifth A-share company from Suzhou to initiate a Hong Kong listing this year [1] - Huadian Co., another member of Suzhou's "trillion-dollar club," announced its intention to issue H-shares and list on the Hong Kong Stock Exchange just days prior [1] - Both companies are leading players in the printed circuit board (PCB) industry, with Dongshan Precision ranking second globally in flexible printed circuits (FPC) and third in PCB business [1] Group 2 - Dongshan Precision's stock price has increased over 150% this year, with a market capitalization of 137.1 billion yuan as of September 24 [1] - Huadian Co. has seen its stock price rise over 90% this year, with a market capitalization of 143.2 billion yuan as of September 24 [1] - The primary goal of Dongshan Precision's Hong Kong listing is to advance its international strategy, enhance overseas business layout, and improve brand recognition [1] Group 3 - The choice to list in Hong Kong aligns with the long-term development plans of both companies and reflects the trend of Chinese manufacturing firms expanding internationally and the dual opening of capital markets [2] - Dongshan Precision reported overseas revenue of 13.168 billion yuan in the first half of 2025, accounting for 77.66% of total revenue [2] - Huadian Co. reported overseas revenue of 6.893 billion yuan in the same period, representing 81.16% of total revenue [2]