Qunhe Technology passes the Hong Kong Stock Exchange hearing

LightningPacketLoss · 2026-03-30T08:44:29+00:00

Qunhe Technology has passed the Hong Kong Stock Exchange listing hearing and is expected to become the first of the "Hangzhou Six Little Dragons" to complete an IPO. Revenue is projected to grow from 2023 to 2025, but losses are still expected. The raised funds will be used for international expansion, product enhancement, marketing, and core technology investment.

LightningPacketLoss

2026-03-30 08:44:29

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According to a disclosure from the Hong Kong Stock Exchange on March 29, Qunhe Technology has updated its post-hearing information package, marking that the company has passed the listing hearing of the Hong Kong Stock Exchange. If successfully listed, it is expected to become the first company among the “Six Little Dragons of Hangzhou” to complete an IPO.

According to the post-hearing information package, from 2023 to 2025, Qunhe Technology recorded revenues of 664 million yuan, 755 million yuan, and 820 million yuan, with corresponding annual losses of 646 million yuan, 513 million yuan, and 428 million yuan during the same period. The net proceeds from this IPO will mainly be used to implement international expansion strategies, enhance existing product features, support domestic sales and marketing activities, and invest in core technologies and infrastructure.

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