National Technology Hong Kong Stock Listing: Market Cap 8.3 Billion Hong Kong Dollars Annual Loss of 120 Million

GateUser-bd883c58 · 2026-03-24T14:17:50+00:00

National Technology successfully listed on Hong Kong stocks amid continuous losses, with opening price surging 32%. Despite significant losses between 2022-2023, revenue grew to 958 million yuan in the first nine months of 2025, demonstrating certain market potential and attracting multiple cornerstone investors.

GateUser-bd883c58

2026-03-24 14:17:50

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Why did AI and Guomin Technology succeed in listing on the Hong Kong Stock Exchange despite ongoing losses?

DoNews, March 23 — Guomin Technology Co., Ltd. (Stock code: 02701) was listed on the Hong Kong Stock Exchange today. The cornerstone investors for Guomin Technology include Guohua Life, Harvest Oriental II, Dai Wanqin, An Jiangbo, and Xinwangda Capital, with a total subscription of HKD 140 million.

Guohua Life subscribed HKD 50 million, Harvest Oriental II HKD 40 million, Dai Wanqin HKD 30 million, and An Jiangbo and Xinwangda Capital HKD 10 million each.

Guomin Technology opened at HKD 14.3, up 32% from the issue price. As of now, the company’s stock price has declined, with a market capitalization of approximately HKD 8.3 billion.

Founded in 2000, Guomin Technology is a platform-based integrated circuit design company dedicated to providing control chips and system solutions for various smart devices. According to the prospectus, Guomin Technology’s revenue for 2022, 2023, and 2024 was HKD 1.2 billion, HKD 1.037 billion, and HKD 1.168 billion, respectively; gross profit was HKD 426 million, HKD 18.01 million, and HKD 182 million; gross profit margins were 35.6%, 1.7%, and 15.6%; and losses during these periods were HKD 18.93 million, HKD 594 million, and HKD 256 million.

In the first nine months of 2025, Guomin Technology’s revenue was HKD 958 million, compared to HKD 821 million in the same period last year; gross profit was HKD 183 million, up from HKD 156 million; and net loss was HKD 75.75 million, compared to HKD 166 million in the same period last year.

Adjusted net profit for 2022, 2023, and 2024 was HKD 119 million, -HKD 591 million, and -HKD 192 million, respectively; for the first nine months of 2025, adjusted net loss was HKD 75.75 million. Guomin Technology’s revenue for 2025 is projected at HKD 1.36 billion, a 16.4% increase from HKD 1.168 billion last year; net loss was HKD 118 million, compared to HKD 256 million last year.

As of September 30, 2025, Guomin Technology held HKD 188 million in cash and cash equivalents.

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