IPO News | Rumor has it that the Hong Kong listing plan of Zhongji Xuchuang (300308.SZ) is close to approval or a hearing will be held as early as this week

The Zhitong Finance App learned that, according to media reports quoting people familiar with the matter, A-share optical module leader Zhongji Xuchuang (300308.SZ) plans to go public in Hong Kong are close to being approved by Chinese regulators. After completing the China Securities Regulatory Commission's overseas listing filing, the company is expected to hold a listing hearing on the Hong Kong Stock Exchange this week as soon as possible, taking a key step in its H share issuance.

Sources revealed that Zhongji Xuchuang plans to raise about 7 billion US dollars (about HK$54.6 billion) in capital due to its Hong Kong listing. If successfully completed, it is expected to become one of the largest initial public offering (IPO) projects in the Hong Kong capital market in recent years.

Earlier, market news showed that Zhongji Xuchuang originally planned to raise about 5 billion US dollars, but due to the positive response from investors in the early stages and strong desire to subscribe in the market, the company raised the target fund-raising scale to 7 billion US dollars and plans to launch a Hong Kong IPO as soon as mid-July.

As the world's leading supplier of optical communication modules, Zhongji Innotech mainly produces high-speed optical module products used in artificial intelligence (AI) data centers. As the construction of global AI computing power infrastructure continues to accelerate, demand for high-speed optical modules has grown rapidly, and the company's performance has maintained rapid growth in recent years.

According to Zhongji's 2026 first quarter report, the company's revenue was 19.496 billion yuan, an increase of 192.12% over the previous year. Net profit attributable to shareholders of listed companies was 5.735 billion yuan, an increase of 262.28% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 5.718 billion yuan, an increase of 264.56% over the previous year. Basic earnings per share were $5.18.