Dongshan Precision achieved another breakthrough in listing in Hong Kong: H-share filing application

Recently, capital market developments have come from the fields of LED and electronics manufacturing. Two related companies, Dongshan Precision and Shangdingxin, have successively disclosed the latest progress of listing on the Hong Kong Stock Exchange. Among them, Dongshan Precision's plan to list in Hong Kong has reached a critical juncture. Following the official submission of a listing application to the Hong Kong Stock Exchange on November 18, 2025, Dongshan Precision issued an announcement on the evening of December 1 stating that the company's filing application materials for issuing overseas listed shares (H shares) have been officially accepted by the China Securities Regulatory Commission., marking that its domestic review process for listing in Hong Kong has entered the core advancement stage.

According to the announcement, Dongshan Precision has completed the submission of filing application materials for this H-share issuance in accordance with relevant regulatory regulations, and recently received a notice of acceptance issued by the China Securities Regulatory Commission. Dongshan Precision said that this listing on the Hong Kong Stock Exchange still needs to obtain final filing and approval from China Securities Regulatory Commission, Hong Kong Securities Regulatory Commission and Hong Kong Stock Exchange. The company will strictly comply with relevant laws and regulations and promptly fulfill information disclosure obligations based on project progress. Protect investors 'right to know.

As a company that has been listed on the small and medium-sized board of the Shenzhen Stock Exchange, Dongshan Precision's preparation for listing in Hong Kong is not a temporary move, but a long-term layout based on a global development strategy. It is understood that the core goal of the company's application for the issuance of H shares is to build an overseas capital operation platform and further improve the level of international operations of the company. If it successfully launches the Hong Kong Stock Exchange in the future, Dongshan Precision will officially establish a two-way financing channel A+H. This financing structure will provide more sufficient financial support for its global business expansion and help the company improve its competitiveness in the international market.

According to public information, Dongshan Precision's history dates back to 1998. It was founded in Suzhou by Yuan Fugen and others. After 27 years of development, it has grown into an important player in the global electronics manufacturing field. As of now, the company has established production facilities in 15 countries and regions in Asia, North America, Europe and Africa, and has more than 70 wholly-owned, controlling or joint-participating companies, with a market value of approximately 137.48 billion yuan (as of November 28, A shares closed). In terms of equity structure, Chairman Yuan Yonggang, General Manager Yuan Yongfeng and Yuan Fugen jointly control approximately 33.26% of the company's shares and are controlling shareholders; the remaining 66.74% of the shares are held by other A-share shareholders.

In terms of business layout, Dongshan Precision focuses on the research and development, production and sales of electronic circuit products, precision components, touch display modules and LED display devices. The product application scenarios cover a wide range of consumer electronics, new energy vehicles, communication equipment, industrial equipment, artificial intelligence (AI), medical devices and other fields. Among them, in the field of LED display, the company's core products include small-pitch LEDs and Mini LED packaged devices. With mature technical strength, related products have been widely used in indoor and outdoor high-definition display scenarios. It is worth mentioning that in terms of revenue in 2024, Dongshan Precision is already the world's largest printed circuit board (PCB) supplier of edge AI equipment, the world's second largest soft board supplier and the world's top three PCB suppliers. Significant status in the industry.

Strong business strength supports stable performance. In the first three quarters of 2025, Dongshan Precision achieved operating income of 27.071 billion yuan, a year-on-year increase of 2.28%; net profit attributable to the parent company was 1.223 billion yuan, a year-on-year increase of 14.61%, showing a good profit growth trend. In terms of breakdown, the company's gross profit margin has increased year-on-year in the first half of this year, mainly due to the decline in depreciation costs and the structural adjustment of the LED business. Regarding future development, Dongshan Precision has clearly stated that it will focus on business directions with good development prospects, continue to promote cost reduction and efficiency improvement measures in the LED business field, and at the same time increase efforts to expand new customers to further tap the potential of market segments.

With its deep industry accumulation, Dongshan Precision has established long-term and stable cooperative relationships with many of the world's top customers. Its partners cover four of the world's top five consumer electronics brand manufacturers, the world's top five pure electric vehicle manufacturers and the world's top five cloud service providers. If this listing in Hong Kong can advance smoothly, it is expected to further strengthen the company's capital strength and brand influence, provide stronger support for its technology research and development and market expansion in core businesses such as LED displays and AI equipment components, and promote the company to achieve higher quality. Global development.