Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
U.S. stock CFD derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
IPO Access
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
2026 World Cup
Rewards

Hongan Technology Stock Surges 40x in 14 Months, Market Cap Hits 240 Billion Yuan

GateNews
Stocks
Hongan Technology (603256-CN), a Chinese electronic fabric manufacturer, saw its market capitalization break through 240 billion yuan (approximately 1.13 trillion Taiwan dollars) on June 24 as demand for specialized electronic materials from AI server makers drove explosive growth. As of July 2, the stock closed at 233.23 yuan per share, up 514.57% year-to-date. The company's stock has surged nearly 40-fold since April 2025, rising from around 6 yuan to a peak near 300 yuan, driven by demand for low-dielectric constant and low-thermal-expansion-coefficient electronic fabrics essential for AI server applications. Hongan Technology is the only Chinese manufacturer capable of mass-producing a full range of low-thermal-expansion fabrics and holds over 20% global market share in ultra-thin fabrics. The company is controlled by 75-year-old Wang Wenyang, long-time chairman of Hongan Group and eldest son of Wang Yongqing, founder of Taiwan's Formosa Plastics Group.
View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

3h ago
Hang Seng Index Up 208 Points in Afternoon Trading; BYD Jumps 8.7%
7h ago
Hong Kong's Hang Seng Index Surges Over 400 Points in Morning Trading, Tech Stocks Lead
7h ago
Hong Kong Stocks Open Higher by 190 Points on July 2; Hang Seng Hits 23,071
8h ago
Xingyun Technology Secures $768M Computing Platform Service Deal
11h ago
Hang Seng Index ADRs Rise 2.08% to 23,356.67 on Wednesday; Blue Chips Gain
In-Depth Analysis

SanDisk Stocks Surge to $2,023 on $42 Billion AI Supply Contracts

Lucas Bennett2h ago

Hong Kong Stocks H2 2026 Outlook: Valuation at Reasonable Levels for Medium-Term Positioning

Lucas Bennett7h ago
Comment
0/400
No comments