HUAQIN
| Register Close | 2026/04/20 IPO Closing in 5 Days |
| Listing Date | 2026/04/23 |
| Register Close | 2026/04/20 IPO Closing in 5 Days |
| Listing Date | 2026/04/23 |
Huaqin Co. is a smart product platform with over 20 years of expertise in smart products that integrate core technologies including AI, IoT, big data and communication technologies and incorporate intelligent functions. The Group’s business is rooted in three core product pillars: smartphones, laptops, and servers.
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The Group supports the development and implementation of products and technologies across the mobile communication, internet, cloud computing and AI eras. The Group provides global technology companies with a diverse range of smart products, covering mobile terminals, computing and data center business, AIoT, and innovative business.
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According to the report, the Group is a full-stack smart product ODM platform, ranking first worldwide across multiple smart product categories. In addition, the Group was the largest consumer electronics ODM company worldwide in 2024 in terms of global ODM shipments of consumer electronics, with a market share of 22.5%.
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As of December 31, 2025, the Group held approximately 3,500 domestic registered patents, over 50 international registered patents and approximately 2,100 registered software copyrights. The Group’s customers primarily consist of domestic and international well-known mobile terminal brands, personal computer brands, CSPs, and automotive manufacturers.
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | Asia Pacific |
| Board Lot | 100 |
| No. of Offer Shares | 58.55M H shares |
| No. of International Offer Shares | 52.69M H shares |
| No. of HK Offer Shares | 5.85M H shares |
| Offer Price | $77.70 |
| Stock Code | 3296 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, Merrill Lynch (Asia Pacific) Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C., CLSA Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
| Application Period | Apr 15 (Wed) - noon, Apr 20 (Mon) |
| Price Determination Date | Apr 21 (Tue) |
| Result Announcement Date | On or before Apr 22 (Wed) |
| Result Announcement Date | On or before Apr 22 (Wed) |
| Result Announcement Date | On or before Apr 23 (Thu) |
| Dealings in Shares commence on | Apr 23, 2026. (Thu) |
| Offer Price | $77.70 |
| Capitalization (H Shares) | 4.55B |
| NAV / share ($) | $29.59 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 77.7, the net proceeds raised would be HKD 4.46B, of which |
| 40% : Used for product centric R&D investment to enhance technological capabilities |
| 35% : Expanding and optimizing manufacturing network |
| 15% : strategic Investment and vertical integration |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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