Shenzhen HQVT Technology Co., Ltd.Private▲ Positive
Capitalrelevance
Company listed on HKEX Main Board with shares surging over 300% from offer price, reflecting strong investor demand and valuation.
Shenzhen HQVT Technology, a leading multispectral AI company in China, listed on the Main Board of the Hong Kong Stock Exchange under stock code 1392.HK, with shares opening at HKD 29, a surge of over 300% from the offer price, pushing its total market capitalization to nearly HKD 25 billion. The company specializes in integrating ultraviolet, infrared, and visible light sensing with AI algorithms to detect early risk signals in high-value scenarios such as power systems, data centers, and new energy storage. Revenue grew from RMB 117.1 million in 2023 to RMB 668.5 million in 2025, a compound annual growth rate of 138.9%, and the company achieved profitability in 2024 with an adjusted net profit of RMB 55.2 million in 2025. In 2025, its Multispectral AI Large Model Services segment generated RMB 355.4 million, accounting for 53.1% of total revenue, reflecting a shift from product sales to model-driven solutions. The global multispectral perception market was valued at approximately RMB 85.0 billion in 2025 and is expected to reach RMB 305.4 billion by 2030, according to Frost & Sullivan.
Company listed on HKEX Main Board with shares surging over 300% from offer price, reflecting strong investor demand and valuation.