New Stock News | Xici Technology Continues to Make Profit after Turning Loss into Profit, Submitting Second Filing to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on February 27th, Anhui Xici Magnetic Technology Co., Ltd. (referred to as Xici Technology) has submitted an application to the Hong Kong Stock Exchange Main Board, with China Securities Co., Ltd. International as the exclusive sponsor. The company had previously submitted a listing application to the Hong Kong Stock Exchange on August 26th, 2025. Company Overview The prospectus shows that Xici Technology is an IDM company in the magnetic sensor industry and is one of the few companies globally that has a complete portfolio of magnetic sensing technologies and vertically integrates across the entire industry value chain. This enables the company to provide comprehensive magnetic sensor solutions to leading customers in various industries globally, including green energy, new energy vehicles, automotive, industrial automation, Siasun Robot & Automation, and artificial intelligence infrastructure. According to Frost & Sullivan data for revenue as of 2024, the company ranks sixth among global magnetic sensor IDM companies and tenth among all magnetic sensor companies, with a market share of 0.6%. Xici Technology focuses on xMR sensors, and according to Frost & Sullivan data for revenue generated by xMR sensors in 2024, the company ranks fifth globally with a market share of 1.4%. The company provides a wide range of magnetic sensor solutions, mainly including various specifications and characteristics of current sensors and motion sensors. According to Frost & Sullivan data for revenue as of 2024, the company's current sensor products rank third globally with a market share of 3.4%. In addition, Xici Technology delivered approximately 100 million motion sensor chips (including bare dies on wafers, single chips, and modules) to leading customers in Europe and Asia in 2024. Financial Information Revenue For the nine months ending September 30 in 2023, 2024, and 2025, the company achieved revenues of approximately 594 million yuan, 703 million yuan, and 627 million yuan, respectively. Net Profit for the Year/Period For the nine months ending September 30 in 2023, 2024, and 2025, the company achieved net profits of -66.56 million yuan, 9.85 million yuan, and 39.77 million yuan, respectively. Gross Margin For the nine months ending September 30 in 2023, 2024, and 2025, the company's gross margins were 18%, 17.2%, and 24.4%, respectively. Industry Overview Magnetic sensors detect changes in magnetic field strength, direction, and disturbance, converting magnetic signals into measurable electrical signals such as voltage, current, and resistance, to measure physical quantities such as current, position, angle, and speed. As a key sensory component, magnetic sensors provide non-contact and high reliability detection capabilities for position, speed, angle, current, and proximity, offering a foundation for automation, intelligence, high-precision control, and safety in industries such as automotive, industrial automation, new energy, and consumer electronics. Magnetic sensors mainly include current sensors, motion sensors, and others (such as magnetic switches and magnetic heads). The past growth of the magnetic sensor industry was mainly dependent on the development of downstream industries such as automotive, industrial automation, and green energy. In the forecast period, the increasing demand in these downstream industries is expected to drive the growth of the global magnetic sensor industry. In addition, the rapid development of emerging industries such as artificial intelligence and third-generation semiconductors is expected to boost demand and create new growth opportunities for the global magnetic sensor industry. Specifically, the accelerated construction of artificial intelligence data centers has driven the rapid development of third-generation semiconductor-powered computing server power supplies, stimulating a significant demand for TMR current sensors, which demonstrate significant advantages in achieving high frequency, high power density, and high precision control. In addition, magnetic encoders enhance Siasun Robot & Automation's perception capabilities and intelligence level, enabling better adaptation to different environments and tasks, thereby driving the widespread application of artificial intelligence in industrial production, service industries, healthcare, and home life. Therefore, the magnetic sensor market is expected to grow at a faster pace during the forecast period. Magnetic sensors mainly include motion sensors, current sensors, and others. In 2024, based on revenue, motion sensors, current sensors, and others accounted for 72.8%, 14.9%, and 12.3% of the global magnetic sensor industry market size, respectively. By 2029, motion sensors, current sensors, and others are expected to account for 73.4%, 19.1%, and 7.5%, respectively. Board of Directors Information The board of directors currently consists of nine directors, including four executive directors, two non-executive directors, and three independent non-executive directors. Ownership Structure Intermediary Team Exclusive Sponsor: China Securities Co., Ltd. International Finance Limited Company Legal Advisor: Hankun Law Firm, Zhejiang Tianze Law Firm, Stephen Peepels Sponsor's Legal Advisor: Tianyuan Law Firm (Professional Partnership), Tianyuan Law Firm in Beijing Reporting Accountant and Auditor: Hong Kong Elite Partners Certified Public Accountants Industry Consultant: Frost & Sullivan Consulting (Beijing) Co., Ltd. Shanghai Branch Compliance Consultant: HaoDe Finance Limited