Guoxia Technology Co., Ltd. (02655.HK) has launched its Hong Kong IPO, with the subscription period running from December 8th to December 11th. The company plans a global offering of approximately 33,852,900 H shares, including a 15% over-allotment option. The offer price is set at HK$20.10 per share, with a board lot of 100 shares, requiring a minimum subscription of approximately HK$2,030.26. Trading on the Main Board of the Stock Exchange of Hong Kong is expected to commence on December 16th. Everbright Securities International is the sole sponsor.

Guoxia Technology: A Global Top-Ten Energy Storage System Supplier

Offering Structure: The Hong Kong public offering comprises approximately 10% (3,385,300 shares), with the international placing making up approximately 90% (30,467,600 shares).

Offer Price: HK$20.10 per share; board lot of 100 shares; minimum subscription approximately HK$2,030.26.

Subscription Period: December 8th – 11th (expected pricing date December 12th).

Expected Listing Date: December 16th.

IPO Sponsor: Everbright Securities International.

Company Profile

Guoxia Technology specializes in renewable energy storage system solutions and products, covering large-scale power generation side, grid side, commercial & industrial, and residential application scenarios. According to CIC, based on global newly added energy storage system installed capacity in 2024, the company ranks among the world's top ten energy storage system suppliers, holding approximately 3% market share. The company employs proprietary platform technologies such as "Guoxia AI" and "HANCHU AI" to deliver intelligent, lifecycle-optimized system solutions and has established strategic collaborations with key industry players.

Financial Information

According to the prospectus, Guoxia Technology's revenue for 2022-2024 was approximately RMB 142 million, RMB 314 million, and RMB 1.026 billion respectively, with corresponding net profits of approximately RMB 24 million, RMB 28 million, and RMB 49 million. For the first half of 2025, revenue was approximately RMB 691 million, with a net profit of approximately RMB 6 million. Based on the offer price of HK$20.10 and assuming the over-allotment option is not exercised, the company expects to raise net proceeds of approximately HK$605.6 million. The funds are intended for enhancing R&D capabilities (approx. 44%), building overseas operation and service networks (approx. 19%), expanding production capacity (approx. 27%), and supplementing working capital (approx. 10%).

uSMART launches “HK IPO Fee-Waiver Offer” – subscribe to new shares at zero cost

Margin subscription: 0 % interest, leverage up to 10×

Cash subscription: HK$0 handling fee

Grey-market trading supported

* 0 % interest applies to margin subscription amounts of HK$20 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 20 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for Guoxia Technology via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select Guoxia Technology, tap "Public Offer," enter your subscription quantity, and submit your order.

(Image source: uSMART HK App)