Sou Hu Cai Jing·2026-03-06 06:13Core Viewpoint - Ligent Technologies, Inc. (referred to as "Nanzhen Technology") has submitted a prospectus to the Hong Kong Stock Exchange for a main board listing, following a previous application that lapsed in August 2025. The company specializes in the research, manufacturing, and sales of optical communication and connection products, including optical modules, optical chips, and optical network terminals [1]. Company Overview - Nanzhen Technology is a global supplier of optical communication and connection products, recognized for its capabilities in both optical module and chip development and mass production [1]. - The company serves cloud service providers, telecom and network equipment suppliers, and operators worldwide, leveraging its diverse product offerings in AI, cloud computing, FTTx, transmission networks, and wireless applications [1]. Market Position - According to Frost & Sullivan, Nanzhen Technology ranks fifth globally among professional optical module manufacturers with a market share of 2.9% in 2024, and third in China with a market share of 7.2% [3]. - The company is also positioned among the top five globally in terms of data communication optical module revenue and among the top three for FTTx optical modules [4]. Product Offerings - Nanzhen Technology's product range includes optical modules, optical chips, and optical network terminal products. The company has developed and mass-produced 800G optical modules and is actively researching next-generation 3.2T optical modules [5]. - In the telecom solutions sector, the company has delivered samples of asymmetric 50G PON optical modules and is recognized as one of the first manufacturers globally to develop 50G PON optical modules [5]. Financial Performance - The company's projected revenues for the years 2023, 2024, and 2025 are RMB 4.239 billion, RMB 5.087 billion, and RMB 8.355 billion, respectively. Corresponding net profits are expected to be RMB 216 million, RMB 89 million, and RMB 873 million [13][14]. Shareholder Structure - Prior to the IPO, the major shareholders include Hisense Group, which holds 44.44%, and its wholly-owned subsidiary, Century Jinlong, which holds 4.17%, totaling 48.61% [7][9]. Management Team - The board of directors consists of nine members, including two executive directors: Dr. Hong Jin (CEO) and Ms. Wang Hui (CFO) [11][12].