Qunhe Technology launches Hong Kong stock global offering, aiming to list on April 17th as the "First Space Intelligence Stock"

Mars Finance News April 9 — Global space intelligence unicorn Qunke Technology (0068.HK) has disclosed its global offering documents, officially launching the initial public offering. The company plans to offer approximately 161 million shares globally, with a maximum issue price of HK$7.62 per share. It expects total proceeds of no more than HK$1.23B, and plans to list on the Hong Kong Stock Exchange on April 17. This listing will make Qunke Technology the “No. 1 global space intelligence stock,” and also the first company among the “Hangzhou Six Little Dragons” to enter the capital markets. This offering introduces diversified cornerstone investors including China Life Insurance (Taikang Life), Sunshine Life, and GF Fund, among others, with total subscriptions of approximately HK$455 million. Financial data show that in 2025, the company achieved revenue of RMB 820 million, a gross margin of 82.2%, and an adjusted net profit of RMB 57.1 million, delivering a turnaround from losses to profitability. The company’s business has upgraded from space design to space intelligence services. It has launched a space large model and an open platform, and has established strategic partnerships with multiple leading companies in the industry. (KeGuBao reporting)