This week, 17 companies including Mindray Medical and Biyi Storage submitted applications to the Hong Kong Stock Exchange.

Mars Finance News, May 16 — According to the Hong Kong Stock Exchange disclosure, from May 11 to 16, a total of 17 companies submitted IPO applications to the Hong Kong Stock Exchange, including Lihua Jian Future, Mindray Medical, Changying Precision, Guolian Green, Dongsheng Industry, Baiwei Storage, Roboteck, Fushi Technology, Hejie Electric, Guoxing Aerospace, Anxuyuan Technology, Huacheng Electric Power, Aide Tai Technology, Green Sheng Technology, Honghe Technology, Zhongding Intelligent, and Ande Medical. Among them, Mindray Medical, Changying Precision, Baiwei Storage, Roboteck, and Honghe Technology are already listed on the A-shares market, with latest market values of 194.44B yuan, 51.87B yuan, 144.22B yuan, 98.89B yuan, and 121.31B yuan respectively.

Mindray Medical is a leader in China’s medical device industry. Its initial listing on the Hong Kong Stock Exchange was invalidated on May 10 due to the 6-month validity period, and a secondary listing process is accelerating the “A+H” dual listing layout. In 2025, the company achieved revenue of 33.28B yuan, down 9.38% year-on-year; net profit attributable to parent was 8.14B yuan, down 30.28% year-on-year, ending a long period of high growth. In the first quarter of 2026, the company achieved operating revenue of 8.35B yuan, a slight increase of 1.39% year-on-year; but net profit attributable to parent was 2.33 billion yuan, down 11.37% year-on-year.

Baiwei Storage was founded in 2010 and listed on the STAR Market in December 2022, focusing on AI, consumer electronics, industrial-grade, and automotive-grade storage markets. In 2025, the company’s revenue is expected to reach 11.3B yuan, with a net profit of 840 million yuan, a 5.2-fold increase year-on-year. Roboteck’s main business products are high-precision intelligent manufacturing equipment and systems, mainly used in optical interconnects, optical sensing, optical computing, and photovoltaic cells. Currently, the company’s main downstream application fields are optoelectronics, semiconductors, and photovoltaics. From 2023 to 2025, the company’s revenue has continuously shrunk from 1.57 billion yuan to 949 million yuan, with a further 14% decline in 2025 year-on-year.

Hejie Electric is a kitchen appliance supplier focused on overseas markets. Based on export sales revenue in 2025, Hejie Electric ranks third among large kitchen appliance companies exporting from mainland China to Europe, with a market share of 1.0%. The company’s sales network covers over 80 countries and regions worldwide, with Europe as its core market, contributing 67.7% of revenue in fiscal year 2025. (Kezhoubao Report)