Huagong Technology's connectivity business orders are scheduled through the fourth quarter of 2026. Its AI high-speed optical module production lines are operating at full capacity 24 hours a day. Manufacturing bases in Wuhan and Thailand resumed full operations on the first day of the Lunar New Year to ensure the delivery of products including 1.6T and 800G modules. In 2025, revenue from this business segment grew by 111% at domestic bases and surged 500% overseas. The company plans to increase production capacity by more than 50% this year. Huagong Technology recently passed a resolution for an H-share listing to accelerate its international development.
During the 2026 Lunar New Year holiday, while many were still celebrating with family, this listed company in Wuhan's Optic Valley was already a hive of activity. Huagong Technology (000988) demonstrated China's rapid pace in the AI computing wave with its "non-stop during Spring Festival" operational stance.
More notably, the company, which is actively preparing for a Hong Kong stock listing, has its core business orders booked through Q4 2026.
Order Status: Connectivity business orders scheduled through Q4 2026. Production Status: AI high-speed optical module lines running at full capacity 24/7 without holiday breaks. Market Expansion: Plans to increase production capacity for 800G and 1.6T modules by over 50% in 2026. Financial Performance: Net profit attributable to shareholders increased 40.92% year-on-year for the first three quarters of 2025. HK Listing Progress: Board of directors has approved an H-share listing proposal aimed at advancing internationalization and capacity expansion.
The surge in AI high-speed optical module demand is evident inside Huagong Technology's Optoelectronic Information R&D Park, where automated production lines are running at full capacity, churning out batches of 1.6T and 800G high-speed optical modules. Outside the facility, trucks loaded with products are ready for shipment via Huahu Airport to global AI application fronts.
"The company's connectivity business orders are scheduled through Q4 2026, with AI high-speed optical module production lines operating at full capacity 24/7," revealed a business manager from Huagong Technology. To ensure timely delivery, both the Wuhan and Thailand production bases operated throughout the Spring Festival holiday, resuming full operations on the first day of the new year.
This bustling activity is driven by the global explosion in AI technology. As major players like Google, Meta, and ByteDance increase their investments in AI computing power, demand for high-speed optical modules—key photonic components for data center interconnects—has grown exponentially.
The robust market demand is directly reflected in Huagong Technology's operational data. In 2025, revenue from its high-speed optical module products grew 111% at domestic bases and skyrocketed 500% at overseas bases.
Faced with orders booked through year-end, Huagong Technology is seizing the opportunity to expand. The company plans to increase production capacity for 800G and 1.6T high-speed optical modules by more than 50% above current levels to fully meet global AI client demand.
Strong orders have translated into impressive financial performance. For the first three quarters of 2025, the company achieved operating revenue of 11.038 billion yuan, a year-on-year increase of 22.62%, with net profit attributable to shareholders reaching 1.321 billion yuan, a significant jump of 40.92%.
While dealing with fully booked orders, Huagong Technology has also taken a key step in capital markets. On January 27, 2026, the company's board of directors reviewed and passed a resolution for issuing H-shares and listing on the Main Board of the Hong Kong Stock Exchange.
According to the announcement, the Hong Kong listing aims to deepen the company's strategic development objectives and further support international business expansion. Funds raised will be used for capacity expansion domestically and overseas, continued increases in R&D investment, and further improvements to the product matrix layout.
Choosing to pursue a Hong Kong listing at a time when orders are saturated and capacity expansion is urgently needed clearly indicates Huagong Technology's intent: to leverage international capital to further consolidate its position in the global AI optical module industry chain. The issuance scale will not exceed 10% of the total share capital post-issuance, with a 15% over-allotment option.
With orders booked through year-end and progress toward international capital markets, Huagong Technology demonstrates not only current prosperity but also firm confidence in the long-term growth of future AI computing infrastructure. In 2026, as "optics, liquid cooling, and domestic computing power" become market themes, this technology company from Optic Valley is writing its own story of dedication and growth through solid execution.
During the Spring Festival period, multiple business divisions of Huagong Technology maintained continuous production. At the high-speed optical module automated production line in the company's Optoelectronic Information R&D Park (Phase 1), batches of products were completed, with trucks loaded outside the facility preparing to depart for Huahu Airport en route to global AI application fronts.
"The company's connectivity business orders are scheduled through Q4 2026, with AI high-speed optical module production lines operating at full capacity 24/7," stated a Huagong Technology optical module business manager. The Wuhan and Thailand production bases operated throughout the holiday, resuming work on the first day of the new year to ensure mass production and delivery of 1.6T and 800G high-speed optical modules.
In 2025, Huagong Technology's high-speed optical module products saw domestic base growth of 111% and overseas base growth of 500%. This year, the company plans to increase production capacity for 800G and 1.6T high-speed optical modules by more than 50% above existing levels to fully meet market demand.
Huagong Technology Industry Co., Ltd. announced on January 28, 2026, that its board of directors had passed a resolution on January 27, 2026, to appoint Fulcrum Marshall CPA Limited as the audit firm for its overseas public offering of shares (H-shares) and application for listing on the Main Board of The Stock Exchange of Hong Kong Limited.
The appointment is subject to shareholder approval. Shareholders will be asked to authorize the board and its designees to determine specific scope of work, remuneration, and engagement period for the audit firm regarding the H-share offering and listing.
Fulcrum Marshall was established in 2007 and is registered as a public interest entity auditor under Hong Kong's Accounting and Financial Reporting Council Ordinance. It is qualified to audit financial reports of listed companies prepared in accordance with International Financial Reporting Standards. As of December 31, 2025, Fulcrum Marshall had provided financial audit services to over 70 companies listed on The Stock Exchange of Hong Kong Limited.
The firm maintains professional liability insurance as required by relevant laws and regulations. Over the past three years, there have been no final judgments against it in civil litigation related to its professional practice.
The Hong Kong Accounting and Financial Reporting Council regularly conducts practice quality reviews of Fulcrum Marshall. No issues significantly impacting its audit practice were identified in reviews over the past three years.
The company's board audit committee reviewed Fulcrum Marshall's qualifications, relevant information, and integrity records on January 21, 2026, determining that the firm possesses the necessary professional capability, investor protection capacity, independence, and good integrity to meet audit requirements for the H-share offering and listing. The committee recommended proceeding with the appointment.
The full board approved the resolution on January 27, 2026. The appointment will take effect upon shareholder approval.
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