Shenzhen PCB maker Aoshikang files for Hong Kong listing to fund global push
Shenzhen-listed printed circuit board manufacturer Aoshikang Technology plans to issue H-shares and list in Hong Kong to accelerate global expansion. The company's market capitalisation stood at 26.34 billion yuan based on its Shenzhen share price of 85 yuan. First-half net profit fell 57.79 per cen
Shenzhen-listed printed circuit board (PCB) manufacturer Aoshikang Technology has announced plans to issue H-shares and apply for a listing on the Stock Exchange of Hong Kong on Wednesday, according to a company statement.
As of the close of trading on Wednesday, the Shenzhen-listed share price stood at 85 yuan (HK$99.89), down 1.07 per cent. Based on this price, the company's market capitalisation is 26.34 billion yuan.
Aoshikang specialises in the research and development, production, and sales of high-precision PCBs. Its primary products, including single-sided, double-sided, and multi-layer boards, are widely used in sectors such as data centres, high-performance computing, telecommunications, smart devices, and automotive electronics.
In the first half of this year, the company reported a net profit attributable to shareholders of 82.66 million yuan, representing a year-on-year decline of 57.79 per cent. Revenue reached 2.99 billion yuan, an increase of 16.45 per cent. Of that, the PCB business generated 2.67 billion yuan, up 13.82 per cent.
The company stated that the potential Hong Kong listing is intended to accelerate its global strategy, enhance its capacity for overseas business expansion, and further elevate its brand image and market recognition.
Aoshikang added that it plans to complete the listing at an opportune time within the validity period of the shareholders' resolution, while taking into account the interests of existing shareholders and conditions in both domestic and international capital markets.