The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on October 11, Suzhou Dongshan Precision Manufacturing Co., Ltd. (abbreviation: Dongshan Precision (002384.SZ)) passed the Hong Kong Stock Exchange main board listing hearing. UBS Group, Haitong International, GF Securities, and CITIC Securities were co-sponsors.
According to the prospectus, Higashiyama Precision is a manufacturer that mainly focuses on PCBs, precision components, touch panels, liquid crystal display modules, and optical modules, and has a global business and operating footprint. The company's products are widely used in consumer electronics, automobiles, data centers, communication equipment and industrial control equipment, and ultimately realize interconnection between people, equipment and infrastructure. In September 2025, the company expanded its product portfolio to include optical modules by entering the optical module business through the acquisition of Solstice Optoelectronics.
According to Insight Consulting, in terms of revenue in 2025, the company is the third largest PCB supplier in the US$85.2 billion global PCB market; through Solus Optoelectronics, the company ranked 7th in the US$24.5 billion global optical module market, with a market share of 2.9%.
The company's PCBs, precision components, touch panels and liquid crystal display module products serve the consumer electronics, automotive and communication terminal markets. In the PCB market, the company's PCB products include soft boards, hard boards, and soft and hard boards, which are mainly used in consumer electronics, automobiles, data centers, AI servers, and communication equipment. The company's precision components are mainly automotive parts and communication equipment components. Over the past ten years, Higashiyama Precision has extended the technological R&D and manufacturing advantages it has accumulated in communication equipment components and other fields to the automotive sector, broadened the scope of downstream applications, and established long-term cooperation with mainstream automobile manufacturers at home and abroad. At the same time, the company has been deeply involved in the field of consumer electronics touch displays for many years, providing touch panels and LCD and OLED modules, which are mainly used in automobiles, smartphones, tablets, laptops, industrial control equipment, smart homes, etc. It also expanded into the field of automotive displays in 2023.
In terms of partners, the company's long-term partners cover four of the world's top five consumer electronics brand manufacturers, the top five global electric vehicle manufacturers, and the top five global cloud service providers.
At the same time, Higashiyama Precision further expanded its business into the field of optical modules. After acquiring Solus Optoelectronics (a global optical module supplier) in September 2025, it obtained the ability to develop self-developed optical chips with high-speed EML chips as the core, with transmission rates covering 2.5G to 200G. With the development of the data center terminal market, optical modules and AI PCB products have become the company's core growth engine. Currently, the company focuses on commercializing high-end 100G and 200G PAM4 EML chips, while continuing to develop next-generation technologies such as 400G EML chips and silicon photonics solutions based on continuous waves. In addition, the company also provides various optical modules from 10G to 1.6T and is developing next generation optical modules of 3.2T or above.
On the financial side, in 2023, 2024, 2025, the six months ended June 30, 2025, and the six months ended June 30, 2026, the company's revenue was approximately RMB 33.651 billion, RMB 36.77 billion, RMB 40.125 billion, RMB 16.955 billion, and RMB 27.798 billion, respectively; for the same period, profits for the period were RMB 1,965 billion, RMB 1,085 million, RMB 1,393 million, and RMB 2,985 million, respectively.
