Core Viewpoint - Huadian Electronics Co., Ltd. (referred to as Huadian) has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC and HSBC acting as joint sponsors. The company is a global leader in providing PCB solutions for data communication and smart automotive sectors, driven by the growing demand for AI-driven data centers and the rapid development of automotive electrification, intelligence, and connectivity [1]. Group 1: Company Overview - Huadian is recognized as a leading provider of PCB solutions in the global data communication and smart automotive sectors [1]. - The company’s performance growth is primarily driven by the booming demand for data centers, particularly in high-performance computing and data interconnect applications [1]. - The rapid advancement in automotive electrification, intelligence, and connectivity is expected to contribute to the company's long-term performance growth [1]. Group 2: Market Position - According to data from Zhi Shi Consulting, as of June 30, 2025, Huadian ranks first globally in PCB revenue for the data center sector, holding a market share of 10.3% [1]. - The company also ranks first globally in the category of PCBs with 22 layers or more, commanding a market share of 25.3% [1]. - Huadian leads the global market in PCB revenue for switches and routers, with a market share of 12.5% [1]. - Additionally, the company ranks first in the market for L2+ autonomous driving domain controllers' high-end HDI PCBs, with a market share of 15.2% [1].