Huada Beidou Files Third Hong Kong IPO Application, Holds 309 Million Yuan Cash

According to Zhitong Caijing, Huada Beidou recently submitted its third Hong Kong stock exchange main board listing application, with China Bohai Bank International and Ping An Securities (Hong Kong) as joint sponsors. The company provides GNSS chips, modules and solutions supporting Beidou, GPS, and NavIC standards, ranking fifth globally with a 7.4% market share and second in China by 2025 shipment volume, according to Frost & Sullivan data.

Financially, Huada Beidou generated revenue of 1.014 billion yuan in 2025, up from 645 million yuan in 2023, representing a compound annual growth rate of 25.38%. As of April 2026, the company held 309 million yuan in cash and equivalents with short-term bank borrowings of only 64 million yuan. The company previously attempted an A-share IPO in 2022 but voluntarily terminated pursuit in 2023. Its third Hong Kong application follows initial filings in June and December 2025.