Guanghe Technology (01989.HK) officially listed on the Hong Kong Stock Exchange Main Board

(Source: Delton)

On March 20, 2026, Guangzhou Guanghe Technology Co., Ltd. (hereinafter referred to as “Guanghe Technology”), a leading global manufacturer of computing power server printed circuit boards (PCBs), officially listed on the Main Board of the Hong Kong Stock Exchange. This marks the full implementation of the company’s “A+H” dual financing platform strategy. The listing was jointly sponsored by CITIC Securities and HSBC, with cornerstone investors including well-known international institutions such as CPE Source Peak, Jinglin, Huili, and Baring, demonstrating the capital market’s strong confidence in the company’s long-term value.

Guanghe Technology successfully listed on the Shenzhen Stock Exchange Main Board (stock code: 001389.SZ) on April 2, 2024. The Hong Kong listing is a key step in the company’s global expansion, with funds primarily allocated to the second phase of the Thailand plant, automation upgrades at the Guangzhou facility, and cutting-edge technology R&D, further strengthening its leadership in high-end markets such as AI servers and data centers.

Mr. Xiao Hongxing, Chairman of Guanghe Technology, stated at the listing ceremony: “Choosing to list in Hong Kong is a crucial step in Guanghe Technology’s globalization strategy. As an international financial center, Hong Kong offers an open and inclusive capital market and governance system aligned with international standards, providing us with a broader financing platform and brand influence. Through this listing, we will further expand into overseas markets, deepen strategic collaboration with global partners, and enhance Guanghe Technology’s voice and influence in the international computing power industry.”

According to data from Frost & Sullivan, based on cumulative revenue from 2022 to 2024, Guanghe Technology ranks third among global PCB manufacturers for computing power servers and first among mainland Chinese companies. The company has established long-term, stable partnerships with leading global server brands and EMS providers, covering 8 of the top 10 global server manufacturers. Its products are widely used in AI servers, general-purpose servers, and high-performance computing scenarios, deeply aligned with the explosive growth in global computing demand.

Guanghe Technology consistently centers its development on technological innovation, continuously strengthening core competitiveness. The company has been recognized by the National Development and Reform Commission as the 30th batch of national enterprise technology centers, and has established a CNAS-accredited national testing center. Its main products have been included in the list of national manufacturing industry single champion products. The company actively promotes deep integration of industry, academia, and research, forming strategic partnerships with renowned universities such as Guangdong University of Technology, South China University of Technology, and University of Electronic Science and Technology of China, continuously improving its high-end talent system and strengthening technological innovation reserves.

In the fields of green development and social responsibility, the company has been awarded the title of national green factory and Guangdong water-saving benchmark enterprise, successfully obtained RBA VAP Silver certification, and its ESG rating continues to steadily improve. Through green manufacturing and high-quality governance practices, the company demonstrates its comprehensive strength in sustainable development.

With the rapid development of AI, 5G, cloud computing, and other technologies, global demand for computing power continues to surge, and the server PCB market is entering a golden growth period. Guanghe Technology will leverage its Hong Kong listing to further increase R&D investment, diversify high-value-added product offerings, enhance intelligent manufacturing capabilities, and build a more efficient, green, and sustainable production system. The company aims to achieve higher-quality development, give back to society with better products, and reward shareholders with outstanding performance.