Good News on Listing | Frost & Sullivan Assists Haowei Integrated Circuit (Group) Co., Ltd. to Successfully List on the Hong Kong Stock Exchange (0501.HK)

HuaWei Integrated Circuit (Group) Co., Ltd. (hereinafter referred to as "HuaWei Group") successfully listed on January 12, 2026, issuing a total of 4,580 million shares at HK$104.80 per share, raising approximately HK$48 billion.

During this listing process in Hong Kong, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting the issuer, investment banks, and other intermediaries in completing the writing of relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important sections), helping the issuer communicate with the Hong Kong Stock Exchange and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing feedback on various industry-related issues from the Hong Kong Stock Exchange.

Frost & Sullivan has always been a leader in helping companies list in Hong Kong. According to LiveReport big data, from January to December 2025, as well as during the past 36 months, Frost & Sullivan provided listing industry advisory services for 82 (market share of 72%) and 180 (market share of 71%) Hong Kong IPOs, ranking first in terms of number, with rich industry experience and communication experience with regulatory agencies, exchanges, investment and financing institutions, and various related institutions.

• The company has a comprehensive business line and strong design capabilities, capable of designing, developing, and selling a variety of highly integrated semiconductor solutions designed for critical mission applications, which are widely used in various important industry sectors;

   

• The company maintains long-term partnerships with world-leading foundries;

   

• The company can provide a diverse portfolio of image sensors, display products, analog ICs, and other semiconductor components;

   

• The company has built a leading and award-winning full set of core technology matrices;

   

• The company's technical expertise and ability to provide reliable services have gained a solid market recognition globally.

According to a Frost & Sullivan report,

• In terms of related revenue in 2024, the company is one of the top ten fabless semiconductor design companies globally;

   

• In terms of revenue from image sensor solutions in 2024, the company is the third largest CMOS image sensor supplier globally, with a market share of 13.7%;

   

• The company maintains a leading position in various major application areas. In 2024, the company was the third largest smartphone CIS supplier globally, with a market share of 10.5%;

   

• In terms of revenue generated from automotive-related image sensor solutions, the company has become the world's largestautomotive CISsupplier, with a market share of 32.9% in 2024.

With the continuous development of consumer electronics, next-generation automotive technology (including electric vehicles, intelligent vehicles, and autonomous driving), as well as smart monitoring, edge AI, smart devices, data centers and servers, AI chips, the Internet of Things, 5G, and cloud-based AI solutions, such derivative and emerging applications are expected to further drive the growth of the global semiconductor industry over the next decade. The market size of the global semiconductor industry increased from $433.2 billion in 2020 to $630.5 billion in 2024, with a compound annual growth rate of 9.8%. It is expected to continue growing at a compound annual rate of 11.0% starting from 2025 and reach $1,065.5 billion by 2029.

In camera modules, image sensors are the most important component that determine the imaging quality of the camera and the structure and specifications of other components. Among them, CIS is the most common type of image sensor, with low production costs, high power efficiency, support for HDR, and fast reading capabilities. Therefore, CIS is widely used in smartphones, consumer electronics, security, automotive, and many other application fields. The global CIS market increased from $17.9 billion in 2020 to $19.5 billion in 2024, with a compound annual growth rate of 2.2%. It is expected to further expand at a compound annual growth rate of 7.8% starting from 2025 and reach $29.5 billion by 2029.

In 2024, smartphones were the largest application area in the global CIS market, accounting for more than 65% of the market share. The global smartphone CIS market was $13 billion in 2020 and $13 billion in 2024, maintaining stability. Driven by the popularization of 5G, multi-camera devices, the pursuit of better image quality, more diverse imaging characteristics, and innovative functions, the global smartphone CIS market is expected to expand at a compound annual growth rate of 3.2% starting from 2025 and reach $15.5 billion by 2029.

The global automotive CIS market increased from $13.77 million in 2020 to $24.99 million in 2024, with a compound annual growth rate of 16.1%. It is expected to continue growing at a compound annual growth rate of 18.4% starting from 2025 and reach $70.28 million by 2029.

In 2024, there were more than 30 CIS suppliers in the global market. The global CIS market is highly concentrated, and in terms of revenue, the combined market share of the top five participants in 2024 was 84.1%. From 2019 to 2024, the company has consistently ranked among the top three in the global CIS market, with a market share of 13.7% in 2024. In terms of revenue in 2024, the company is the third largest CIS supplier globally, the largest CIS supplier in China, and the largest automotive CIS supplier globally.

Source: Expert interviews, public data research, Frost & Sullivan