Huagong Tech reports strong Q3 results, investment, plans Hong Kong listing

Huagong Tech (SZSE:000988) reported its Q3 2025 results, with operating income reaching 11.04bn yuan, a 22.62% increase year-on-year. Net profit attributable to shareholders surged by 40.92% to 1.32bn yuan. The company’s board also approved a significant joint investment with professional institutions, including Wuhan Huagong Ruiyuan Technology Venture Capital Co., Ltd. and Wuhan Industrial Development Fund Co., Ltd. Huagong Tech's wholly-owned subsidiary, Huagong Investment, will contribute up to 98m yuan, holding a 49% stake in the new Huagong Future (Wuhan) Venture Capital Fund Partnership.

The investment aims to deepen innovation, leverage Wuhan’s scientific and technological resources, and foster industrial agglomeration, aligning with the company's development plan. Concurrently, Huagong Tech announced its intention to pursue an H-share listing on the Main Board of the Hong Kong Stock Exchange to broaden financing channels, enhance international visibility, and optimize its capital structure. This move is subject to approvals from the China Securities Regulatory Commission and the Hong Kong Stock Exchange.