Guanglian Technology passed the hearing for listing on the main board of the Hong Kong Stock Exchange (00388.HK), with BOC International as the exclusive sponsor. The company's revenue in the last fiscal year increased by 35.4% YoY to RMB 560 million yuan, and the net profit attributable to shareholders increased by 15.8% YoY to RMB 51.129 billion yuan.
Guanglian Technology is a provider of in-vehicle hardware and SaaS marketing and management services for participants in the Chinese automotive aftermarket industry. According to the Zhongtai Consulting report, based on last year's revenue, Guanglian Technology is ranked first among SaaS marketing and management service providers in the Chinese automotive aftermarket industry, with a market share of 6.1%, and third among in-vehicle hardware providers in the Chinese automotive aftermarket industry, with a market share of 3.4%.