两家卫星公司 同日冲击港交所IPO

Core Viewpoint - Shenzhen Huada Beidou and Fuxin Futong submitted their listing applications to the Hong Kong Stock Exchange on December 19, aiming to go public on the main board [2][4]. Group 1: Company Overview - Huada Beidou, established in December 2016 and headquartered in Shenzhen, is a provider of space positioning services, offering chips, modules, and related solutions supporting Beidou and other major GNSS [6]. - Fuxin Futong, founded in September 2010 and located in Fuzhou, Fujian, specializes in satellite time-space digital solutions, leveraging satellite communication, positioning, navigation, and timing technologies [9]. Group 2: Market Position and Performance - In 2024, Huada Beidou ranked sixth globally in GNSS chips and modules by shipment volume, holding a market share of 4.8%, and ranked eighth by revenue, with a market share of approximately 1.1% among mainland Chinese companies [6]. - Huada Beidou's revenues for 2022, 2023, and 2024 were 698 million, 645 million, and 840 million yuan, respectively, with annual losses of 93 million, 289 million, and 141 million yuan [6]. - Fuxin Futong's revenues for 2022, 2023, 2024, and the first half of 2025 were 419 million, 521 million, 597 million, and 241 million yuan, respectively, with corresponding net profits of 75 million, 92 million, 112 million, and 49 million yuan [9]. Group 3: IPO Details - Huada Beidou's updated prospectus indicates that it is seeking to become the first stock in the Hong Kong market focused on Beidou chips [4]. - Fuxin Futong is making its first attempt to list on the main board of the Hong Kong Stock Exchange [6][9].