Hongxing Technology's IPO on the Growth Enterprise Market has been accepted, making it one of the top ten manufacturers of quartz crystal frequency components in the world.

On May 12, Hongstar Technology (Group) Co., Ltd. (referred to as Hongstar Technology) has had its IPO on the ChiNext Board of the Shenzhen Stock Exchange accepted. CITIC Securities is the sponsoring institution, with plans to raise 650 million yuan. The prospectus shows that Hongstar Technology specializes in the research, development, production, and sales of frequency control components such as quartz crystal resonators and quartz crystal oscillators. It is among the top ten global manufacturers of quartz crystal frequency components, dedicated to providing miniaturized, high-frequency, high-precision, low-jitter, and wide-temperature frequency control and timing solutions for communication electronics, consumer electronics, AIoT, industrial control, automotive electronics, AI computing power, Siasun Robot & Automation, and other fields. Relying on its deep technological foundation, the company continues to drive the independent innovation and localization of frequency control components. The company's crystal oscillator products cover the full range of crystal needs from kHz to MHz. These products are made using the piezoelectric effect of quartz crystal (silicon dioxide) to create frequency control components that can generate stable pulses and provide reference frequency signals for circuits, which are critical basic components for timing, frequency control, and various electronic devices. The company is a major manufacturer in the global quartz crystal component industry. According to QYResearch data, by 2024, the combined market share of the top ten global manufacturers reaches 67.92%, indicating a high industry concentration. Hongstar Technology, with a global market share of 3.19%, ranks ninth globally, demonstrating significant scale advantages and market influence. In terms of finances, in the 2023, 2024, and 2025 fiscal years, Hongstar Technology's operating income is approximately 542 million yuan, 567 million yuan, and 632 million yuan respectively. During the same period, the net profit is approximately 133 million yuan, 133 million yuan, and 108 million yuan respectively.