【New Stock IPO】Zhongji Xuchuang Chuan has secretly submitted a Hong Kong listing application, with a minimum of 23.4 billion yuan, manufacturing optical communication modules, and a supplier for NVIDIA

SocialAnxietyStaker · 2026-04-03T09:01:43+00:00

Chinese optical communication module manufacturer Zhongji Xuchuang has secretly submitted an application for listing in Hong Kong, planning to raise at least $3 billion, making it one of the largest IPOs in Hong Kong. The company specializes in the research, development, and sales of high-end optical communication modules. Its stock price has increased approximately sixfold over the past year, and it is expected that by 2025, net profit will reach 10.8 billion RMB.

SocialAnxietyStaker

2026-04-03 09:01:43

Abstract generation in progress

China Fiber Optic Module manufacturer InnoLight (Shen: 300308), it is reported, has secretly filed an application to list in Hong Kong. It plans to raise at least $3.0 billion (HK$23.4 billion) by listing in Hong Kong, or could become one of this year’s largest IPOs in Hong Kong. Bloomberg, citing people familiar with the matter, said the discussions are still ongoing, and details such as the offering size and timing have not been finalized yet.

InnoLight’s share price closed at 582 yuan on Thursday, down 3.3%. Its market value is 646.7 billion yuan.

InnoLight’s main business is the research and development, production, and sales of high-end optical communication transceiver modules. Its main products are high-end optical communication transceiver modules. InnoLight is a supplier to Nvidia (US: NVDA). It is already listed in Shenzhen, and has benefited as investors flocked into artificial intelligence (AI) and related companies, with InnoLight’s share price rising by about 6 times over the past year.

InnoLight’s net profit in 2025 doubled to 10.8 billion yuan, up 108.8% year on year. Revenue was 38.24 billion yuan, up 60.3%.

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