Huagong Tech eyes Hong Kong listing amid AI infrastructure boom

Huagong Technology Industry Co Ltd, a China-based laser and optoelectronic firm listed on the Shenzhen Stock Exchange since 2000, has filed for a Hong Kong listing to support its global growth amid rising demand for AI infrastructure. The company’s optical interconnect division, which supplies high-speed optical modules for data centers, now accounts for over 42% of its revenue and contributed to a 22.59% year-on-year revenue jump to 14.36 billion yuan ($1.99 billion) in 2025, alongside a 20.48% net profit increase to 1.47 billion yuan. The Hong Kong listing, sponsored by CITIC Securities, was proposed in April and aims to fund expansion, including a next-generation ultra-high-speed optical module research and manufacturing base. Huagong Tech has already secured orders for its 800G and 1.6T optical modules through the fourth quarter of 2026, targeting 13 million to 15 million AI optical modules shipped this year. Proceeds will also support commercializing MEMS sensors, upgrading intelligent manufacturing, and replenishing working capital. The company’s growth aligns with industry trends, as experts note AI computing’s rapid expansion is driving demand for high-speed optical modules. Huagong Tech has been expanding production overseas, including facilities in Thailand, Vietnam, Hungary, and South Korea, to boost global sales. Founded in 1999, the company has positioned itself at the forefront of AI infrastructure development by leveraging its optoelectronic expertise.