China Optoelectronics Leader Zhongji Xuangchuang Plans Hong Kong IPO Raising $7B, Hearing Earliest This Week

According to sources familiar with the matter, Zhongji Xuangchuang (300308.SZ), a leading optical module supplier for AI data centers, is preparing for a Hong Kong IPO with a planned fundraising target of approximately $7 billion (HK$54.6 billion). The company plans to hold its Hong Kong listing hearing as early as this week, following approval from Chinese regulatory authorities.

In the first quarter of 2026, Zhongji Xuangchuang reported operating revenue of 19.496 billion yuan, up 192.12% year-over-year, with net profit attributable to shareholders reaching 5.735 billion yuan, up 262.28% year-over-year.