Shenzhen Guohangtong Wireless Co., Ltd. successfully completed its IPO and listing on the Hong Kong Stock Exchange, raising approximately HKD 2.9 billion amid strong investor interest, particularly from cornerstone investors.

Target Company Information

Shenzhen Guohangtong Wireless Co., Ltd. (referred to as "Guohangtong" or the "Company"; Stock code: 0638.HK) is a leading global provider of wireless communication modules. The company offers a diverse range of products including cellular modules, smart modules, and AI modules, extending into customized solutions for edge AI and robotics. According to Frost & Sullivan, as of 2024, Guohangtong ranks second globally in terms of continuous operating revenue from its core business, holding a market share of approximately 15.4% worldwide.

Guohangtong has established a strong presence in various downstream application scenarios such as automotive electronics, smart home technology, and consumer electronics, maintaining leading market positions across numerous segments. It particularly excels in automotive electronics with a global market share of about 14.4%, smart home technology at approximately 36.6%, and consumer electronics at around 75.9%, showcasing its robust product matrix and industry insights that facilitate high-reliability connectivity and intelligent upgrades for clients worldwide.

Industry Overview in China

The wireless communication sector in China has witnessed significant growth, driven by increasing demand for advanced communication technologies and enhanced connectivity solutions. The market has benefitted from the fast-paced a