New Stock News | Huada BeiDou submits Listing Application to Hong Kong Stock Exchange

According to the disclosure on June 26 by the Hong Kong Stock Exchange, Shenzhen Huada Beidou Technology Co., Ltd. (referred to as Huada Beidou) has submitted an application for listing on the main board of the Hong Kong Stock Exchange for the third time. CMB International and Ping An Securities (Hong Kong) are its joint sponsors. The prospectus shows that Huada Beidou is a well-known Chinese provider of space-based positioning services, headquartered in Shenzhen. It provides chips, modules, and related solutions that support major GNSS systems such as Beidou, GPS, GLONASS, Galileo, QZSS, and NavIC. The company's R&D team specializes in the field of GNSS technology, focusing on integrated SoC chip design, chip-level dual-frequency high-precision positioning technology, ultra-low power technology, and multi-source fusion navigation technology. According to data from Zhushi Consulting, the company's ranking and market share are based on the specialized GNSS chip and module market (excluding integrated GNSS chips and modules). By 2025, in terms of shipment volume, the company ranks fifth in the global GNSS chip and module market with a market share of 7.4%.