New Stock News | It is rumored that MeiG Smart Technology (002881.SZ) will start its Hong Kong listing management NDR at the end of this month.

According to reports, MeiG Smart Technology (002881.SZ) will launch a non-deal roadshow in Hong Kong on July 28. The IPO fundraising scale will be determined based on market feedback, with an expected fundraising scale of approximately $300 million. MeiG Smart Technology submitted its prospectus to the Hong Kong Stock Exchange on June 18, 2025, with CICC as its exclusive sponsor. Information shows that MeiG Smart Technology was established in 2007 and listed on the Shenzhen Stock Exchange on June 22, 2017. The company's main business is wireless communication modules and IoT solutions, including wireless communication modules (covering smart modules, high-computing modules, data transmission modules, etc.), IoT solution products, and related technology development services. According to Frost & Sullivan data, based on revenue from wireless communication module business in 2024, MeiG Smart Technology ranks fourth in the global wireless communication module industry, with a market share of 6.4%. In 2022, 2023, and 2024, MeiG Smart Technology's revenues were 2.306 billion yuan, 2.147 billion yuan, and 2.941 billion yuan, respectively. The corresponding net profits for the periods were 127 million yuan, 63 million yuan, and 134 million yuan.