New Stock News | Rumor: Zhongji Xuchuang (300308.SZ) has secretly submitted a listing application to the Hong Kong Stock Exchange, raising at least $3 billion.

According to media reports citing insiders, Chinese optical communication module manufacturer Zhongji Xuchuang (300308.SZ) has secretly submitted an application for listing in Hong Kong, which could become one of the largest initial public offerings (IPO) in Hong Kong this year. Insiders previously stated that Zhongji Xuchuang plans to raise at least $3 billion through this IPO. Currently, preparations are still underway, and details such as the scale of issuance and the listing timeline have not been finalized. Zhongji Xuchuang has not responded to requests for comment.

Public information shows that Zhongji Xuchuang was established in June 2005. It is a professional provider of high-speed optical module solutions, integrating research and development, design, packaging, testing, and sales of high-end optical communication transceiver modules as a technology innovation enterprise.

Zhongji Xuchuang is a supplier to major American tech giants such as Nvidia and was listed on the Shenzhen Stock Exchange in April 2012. Reports indicate that as investors flocked to artificial intelligence and related companies, its A-share stock price increased about sixfold within a year, but has fallen over 4% since 2026. As of April 2, the company’s market value has exceeded 640 billion RMB.

Zhongji Xuchuang’s 2025 annual report shows that the company’s operating revenue was 38.24 billion RMB, a year-on-year increase of 60.25%. Net profit attributable to shareholders of the listed company was 10.8B RMB, up 108.78% year-on-year. Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 10.71 billion RMB, an increase of 111.31%. Basic earnings per share were 9.8 RMB.

During the reporting period, benefiting from strong investments by terminal customers in computing infrastructure, the company’s product shipments grew rapidly, with the proportion of high-speed optical modules continuously increasing. As product solutions were optimized and operational efficiency improved, the company’s operating revenue and net profit achieved significant growth compared to the same period last year.