The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on July 13, Hangzhou Platinum Electronics Co., Ltd. (abbreviation: Platco Electronics) submitted a listing application to the main board of the Hong Kong Stock Exchange, and China Merchants Securities is the sole sponsor. The company submitted a listing application to the Hong Kong Stock Exchange on January 12, 2026.

According to the prospectus, according to the 2025 revenue, Platco Electronics is the second-largest supplier of high-performance computing power server power supplies in mainland China, enabling a wide range of industrial, consumer and commercial power conversion applications. According to Frost & Sullivan's data, according to 2025 revenue, the company's market shares in the global and mainland China high-performance computing power supply markets were 6.9% and 15.8% respectively, while the market shares in the global and mainland China computing power supply markets were 1.0% and 2.5% respectively.

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