Hong Kong Stock IPO Weekly Report: Green Cloud Software and Xinde Technology Submit Listings Successively

LootboxPhobia · 2026-02-22T05:54:27+00:00

This week, two companies submitted listing applications to the Hong Kong Stock Exchange: Shandong Xinde Technology, focused on animal health, and Hangzhou Luyun Software, a provider of digital services for the hospitality industry. Neither company has passed the hearing or gone public.

LootboxPhobia

2026-02-22 05:54:27

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Caixin News, February 22 (Editor Feng Yi) — Caixin brings you weekly Hong Kong stock new listings information.

According to Liberum Securities, two companies submitted applications to the Hong Kong Stock Exchange this week (February 16–22), with no companies passing the hearing, IPO, or listing stages.

On February 16, Shandong Xinde Technology Co., Ltd. submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with ICBC International and Zhongtai International serving as joint sponsors.

According to the prospectus, the company mainly engages in the research, development, production, and sales of a full range of animal health and supporting products. Data from Zhuoshi Consulting indicates that by 2024 revenue, the company ranks ninth among domestic manufacturers in China’s animal health market and is among the top three in China’s poultry and veterinary biological products market.

For the nine months ending September 30 in 2023, 2024, and 2025, the company’s revenue was approximately 985 million yuan, 982 million yuan, and 877 million yuan, respectively. Profits were approximately 34.763 million yuan, 28.118 million yuan, and 55.671 million yuan.

On February 20, Hangzhou Green Cloud Software Co., Ltd. submitted a listing application to the Main Board of the Hong Kong Stock Exchange, with CICC as its sole sponsor.

The prospectus shows that Green Cloud Software is a leading digital service provider for the accommodation industry in China. Based on sales revenue and the number of covered rooms, Green Cloud Software is the largest PMS provider in China’s accommodation digitalization industry in 2024, with market shares of 16.8% and 16.3%, respectively.

For the nine months ending September 30 in 2023, 2024, and 2025, the company’s revenue was approximately 337 million yuan, 327 million yuan, and 225 million yuan, respectively. Profits were approximately 73.851 million yuan, 68.968 million yuan, and 34.571 million yuan.

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