IPO News | Rumor has it that Xinyisheng (300502.SZ) has secretly submitted a statement to the Hong Kong Stock Exchange or raised US$4-5 billion

The Zhitong Finance App learned that according to media reports quoting sources, Xinyisheng (300502.SZ) has secretly submitted an application for listing in Hong Kong. The amount raised is between 4 billion and 5 billion US dollars. It is rumored that Morgan Stanley, CITIC Securities, and J.P. Morgan Chase are participating in this IPO.

According to public information, Xinyisheng is a leading global enterprise in the field of optical interconnection solutions. Its business mainly covers R&D, production and sales of optical modules for a full range of optical communication applications. Its products serve domestic and foreign customers in the fields of artificial intelligence computing power clusters (AIClusters), cloud data centers, and telecommunications networks (transmission networks, 5G wireless networks, FTTx fixed access).

As demand for AI computing continues to grow, Xinyisheng's shares listed in Shenzhen have risen sharply over the past year. By the close of trading on July 17, Xinyisheng had fallen by more than 11% to 482.88 yuan/share, with a total market value of about 670 billion yuan.

According to the company's report for the first quarter of 2026, the company's revenue was 8.338 billion yuan, an increase of 105.76% over the previous year. Net profit attributable to shareholders of listed companies was 2.78 billion yuan, an increase of 76.80% over the previous year. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was $2,768 billion, an increase of 76.44% over the previous year. Basic earnings per share were $2.8.