The Metalworking and CNC Machine Tool Show (MWCS) is one of the core theme exhibitions of the China International Industry Fair and a premier international event in the machine tool sector. With its exceptional professionalism, cutting-edge technology showcases, extensive industry coverage, and international exchange platform, MWCS has not only set a benchmark in the domestic machine tool industry but also demonstrates unparalleled appeal and profound brand influence for overseas enterprises.

As a core exhibitor with years of deep collaboration with MWCS and a leading enterprise in the laser field, HG Technologies has consistently led industry development with robust technology and stable operations. On the evening of March 25, HG Technologies released its 2025 Annual Report. The report shows the company achieved full-year operating revenue of 14.355 billion yuan, a year-on-year increase of 22.59%; and a net profit attributable to parent company shareholders of 1.471 billion yuan, a year-on-year increase of 20.48%.

During the reporting period, the company actively led industry development, continuously innovating around customer needs, focusing on its three core businesses: "Connectivity, Sensing, and Intelligent Manufacturing," serving both domestic and international markets. Focusing on AI infrastructure support and industrial digitalization empowerment, the company continuously drove breakthroughs in key core technologies, creating products that are "globally launched, industry-leading, specialized and sophisticated." The company's production capacity and market share both increased simultaneously in domestic and overseas markets, achieving significant results in high-quality development.

Connectivity Business
AI Computing Power Infrastructure Boom
Global Leadership in High-Speed Optical Modules

During the reporting period, the Connectivity Business achieved revenue of 6.097 billion yuan, a substantial year-on-year increase of 53.39%, becoming the core engine of growth.
The company deeply anchors itself in the wave of global AI computing power infrastructure construction, using high-speed optical connectivity as its core foundation to fully support the high-speed interconnection needs of massive AI computing centers and AI clusters. The company achieved mass delivery of 800G silicon photonics LPO series and 1.6T optical module products among the global top tier, further expanding its customer base and delivery share. It pioneered the industry with 1.6T 3nm FRO/LRO, 1.6T LPO solutions, 3.2T NPO, 3.2T CPO optical engines, and 400G/lane optical engine solutions, achieving industry-leading product performance. 800G ZR/ZR+Pro coherent optical modules achieved batch delivery, effectively supporting high-capacity, long-distance transmission needs in data center and backbone network interconnection scenarios. Concurrently, it launched 800G ACC, 1.6T AEC/ACC copper cable modules, with products comprehensively covering the four major technological pathways: high-speed optical connectivity, high-speed copper cable connectivity, efficient liquid cooling heat dissipation, and optoelectronic integration.

In the 5G-A business sector, the company maintained its industry-leading market share in optical modules for base station applications. Simultaneously, it proactively engaged in technological research and product development for low-orbit satellite communications and 6G base station optical modules, completing customer sampling and joint debugging tests for several key products, building core capabilities for next-generation mobile communication networks. In the F5G-A business sector, 25G PON OLT/ONU products achieved scaled delivery, deeply empowering the upgrade of gigabit optical networks. The 50G PON/OLT product completed iterative optimization, achieving industry-leading key optoelectronic performance indicators, further consolidating its technological and market advantages in the next-generation fixed network access field.

During the reporting period, Phase I of the Wuhan Optoelectronic Information Industry R&D and Innovation Park project, the Thailand overseas high-speed optical module industrial base, and the Xiaogan Intelligent Terminal Industrial Base were all successfully completed and put into operation, providing robust hardware support for the continued expansion of the company's business scale.

Sensing Business
Global Technology Leadership
Automotive Market Share Reaches 70%

The company continued to solidify its global technological leadership in new energy vehicle thermal management and a series of sensors for temperature, pressure, humidity, light, air quality, and gas. During the reporting period, the Sensing Business achieved operating revenue of 4.027 billion yuan, a year-on-year increase of 9.78%.

The company actively transitioned from "single sensing" to "multi-dimensional integrated intelligent sensing" and from "single components" to "integrated modules," forming a pattern covering three major pillars: smart home, new energy and intelligent connected vehicles, and smart energy. Its dominant position in the new energy and intelligent connected vehicle market was further strengthened, with domestic market share increasing to 70%, establishing deep collaborative relationships with leading domestic and international automotive manufacturers.

The penetration rate of temperature sensors and photoelectric sensors in the automotive market significantly increased. Pressure sensors entered several leading automotive companies, with sales growth exceeding 100%. Gas sensors obtained UL certification, achieving a breakthrough from 0 to 1 in mass production. The thermal management integrated module received its first project designation from a major automaker.

In the home appliance market, through continuous product iteration, the company promoted industry upgrades towards intelligence and greenification, covering top global home appliance brands across its customer base. In the photovoltaic and energy storage sector, the scale of designated projects increased substantially, covering leading industry players and consolidating its ecosystem position. The Thailand subsidiary laid a solid foundation in market development, capacity building, supply chain localization, and team localization, achieving significant growth in overseas business.

Intelligent Manufacturing
Digital and Intelligent Upgrading
Surge in New Energy and Shipbuilding Orders

Amidst the dual carbon and digitalization trends, the company focused on "intelligent equipment, automated production lines, and smart factories" to promote industrial upgrading. During the reporting period, the Intelligent Manufacturing Business achieved operating revenue of 3.636 billion yuan, a year-on-year increase of 4.13%.

The Intelligent Equipment Business Group focused on two high-quality tracks: new energy and intelligent manufacturing. Orders from five major industries, including new energy vehicles and shipbuilding, accounted for 88%. In the new energy vehicle industry, it continuously expanded application scenarios, extending from laser cutting to high-value processing techniques such as welding, cleaning, quenching, and cladding, with orders increasing by 29% year-on-year. In the shipbuilding industry, the world's first inkjet marking intelligent equipment was applied in batches, with innovative products like pipe flange cutting-welding automated production lines and ultra-large format laser hybrid milling-welding production lines achieving major breakthroughs, with orders increasing by 24% year-on-year. 3D five-axis laser equipment entered the EU market, with continued growth in high-end overseas product sales.

The Precision Systems Business Group achieved a transformation towards industry product-driven development. It established Suzhou Lihua Intelligent Technology Co., Ltd., completing the layout for service-oriented manufacturing. It launched its first 3DP-Cell additive manufacturing automated production line, which passed customer validation after online operation and secured its first order. It established Harbin Huagong Zhiyun Technology Co., Ltd., leveraging "AI + Laser + Robotics" as its core, with its self-developed all-weather intelligent laser weeding robot nearing mass production. It deepened its presence in fields such as 3C electronics, semiconductors, and hydrogen energy, achieving significant breakthroughs in 3C electronic modules, foldable screens, and brittle material segments. Millions of RMB orders for alkaline electrolyzer overseas factories are being delivered. The series of equipment for the SiC industry completed mass production validation at customer sites.

Through a "technology + scenario" strategy, the company integrates AI and industrial internet, accelerates its global layout by establishing manufacturing bases in Europe, the Americas, and Southeast Asia, providing core support for global intelligentization and low-carbon transformation.

Outlook for 2026
Reshaping the Landscape with AI
Advancing A+H Global Layout

As the inaugural year of the "15th Five-Year Plan," 2026 will see HG Technologies focus on new quality productive forces, implementing a strategy of "Product AI-ification, AI Productization."

In terms of technology leadership, the company will accelerate the iteration of 3.2T/6.4T optical modules, advancing multiple technology pathways including silicon photonics, LPO, and CPO in parallel, achieving mass production of high-end optical chips, and building AI hubs and industry-specific vertical models. To deepen its global reach, it will advance its H-share listing to establish an "A+H" platform, releasing production capacity from its Thailand and Vietnam bases, transitioning from product export to brand and capability export. Regarding talent empowerment, it will implement the "500 PhDs Plan," improve equity incentives and talent systems, and build a top-tier innovation hub.