Listing Success | Frost & Sullivan Supports Puyuan Precision Electric Technology Co., Ltd. in Successful Stock Listing in Hong Kong (Stock Code: 0537.HK)

Listing Success | Frost & Sullivan Supports Puyuan Precision Electric Technology Co., Ltd. in Successful Stock Listing in Hong Kong (Stock Code: 0537.HK)

Published: 2026/07/09

上市捷报丨沙利文助力普源精电科技股份有限公司成功赴港上市(股票代码:0537.HK)

FuYuan Precision Electronics Technology Co., Ltd. (Stock Code: 00537.HK) successfully listed on the main board of the Hong Kong capital market on July 9, 2026. The company is a leading electronic testing and measurement instrument provider in China, possessing advanced technical capabilities and a global presence. Frost & Sullivan provided exclusive industry consulting services for Shanghai FuYuan Precision Electronics Semiconductor Co., Ltd.’s listing in Hong Kong, and we extend our warm congratulations on this successful listing.

FuYuan Precision Electronics Technology Co., Ltd. (hereafter referred to as “FuYuan Precision”) successfully went public on July 9, 2026. The company plans to offer approximately 24,802,200 shares through a global offering, with 24,830,000 shares sold in Hong Kong and 22,321,900 shares sold internationally. The highest issue price per share is HK$45.98, raising a net amount of approximately HK$1.041 billion.

During the listing process in Hong Kong, Frost & Sullivan carried out the following tasks: helping the issuer accurately and objectively understand its position in the target market, using objective market data to identify, support, and highlight the issuer’s competitive advantages, assisting the issuer, investment banks, and other intermediaries in writing important sections of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, etc.), helping the issuer communicate with the Stock Exchange and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in responding to various questions from the Stock Exchange regarding the industry.

Frost & Sullivan has always been a leader in helping companies list in Hong Kong.LiveReportAccording to Big Data & AI statistics as of June 30, 2026, over the past 36 months and 12 months, as well as the period from January to June 2026, Frost & Sullivan provided listing industry consulting services for 212 (market share: 69%), 111 (market share: 71%), and 58 (market share: 69%) Hong Kong IPO listings. It ranks first in terms of quantity, with rich industry experience and communication skills with regulatory authorities, exchanges, investment institutions, and related organizations.

Part.01

Investment Highlights

According to Frost & Sullivan report:

  • FuYuan Precision is the largest electronic testing instrument supplier in China. In terms of revenue, it will rank eighth globally in 2025.

  • Based on 2025 revenue, FuYuan Precision is the largest digital oscilloscope supplier in China, ranking fifth globally.

  • Based on 2025 revenue, FuYuan Precision is the largestwaveform generatorsupplier in the world, ranking third.

  • FuYuan Precision is the first and only company in China to successfully commercialize a digital oscilloscope equipped with independently developedASICtechnology.

Part.02

Overview of the Global and Chinese Electronic Testing Instrument Market

As a strategic and fundamental high-tech field, electronic testing encompasses instruments and systems used to quantify and verify the performance, quality, and reliability of electronic circuits and components. The development of this industry is closely related to the national industrial output value, and it is an essential tool for engineers and researchers. From research and development to mass production testing, and from deployment to maintenance, it supports the entire product life cycle and is a core pillar of technological innovation.

According to Frost & Sullivan, in recent years, the global electronic testing instrument market has shown stable growth, with a compound annual growth rate of 4.8% from 2021 to 2025. In 2025, the global electronic testing instrument market generated revenue of RMB 61.3 billion. Looking ahead, the market is expected to maintain strong growth, with a compound annual growth rate of 4.6% from 2026 to 2030. Among the sub-markets, due to strong downstream demand (including communications, new energy, and semiconductors), digital oscilloscopes have the highest growth rate, with a significant increase from 2021 to 2025, with a compound annual growth rate of 6.3%. It is expected that this market will maintain stable growth from 2026 to 2030, with an estimated compound annual growth rate of 5.4%.

Source: United Nations Industrial Development Organization, annual reports of relevant companies, Frost & Sullivan report

According to Frost & Sullivan, in recent years, the Chinese electronic testing instrument market has maintained a faster growth rate than the global average, with a compound annual growth rate of 7.0% from 2021 to 2025. By 2025, the Chinese electronic testing instrument market will generate revenue of RMB 21.5 billion. Looking ahead, the market is expected to maintain strong growth, with a compound annual growth rate of 7.3% from 2026 to 2030. The demand for Chinese electronic testing instruments exceeds the global market, mainly driven by rapid growth in downstream applications such as communications, new energy, and semiconductors. In the future, assemiconductor localization ratecontinues to increase, new generation communication infrastructure is built, and AI computing power grows rapidly, the demand for electronic testing instruments in emerging industries will continue to lead globally, further unlocking the growth potential of the Chinese electronic testing equipment market.

Source: United Nations Industrial Development Organization, annual reports of relevant companies, Frost & Sullivan report

Part.03

Overview of the Global and Chinese Electronic Testing Solution Market

Electronic testing solutions refer to solutions focused on electronic testing needs in industry applications. They provide integrated electronic testing systems and industry-specific instruments, including equipment, accessories, software, and technical support. Electronic testing solutions can precisely meet the needs of specific fields such as communications, new energy, semiconductors, education, and research.

According to Frost & Sullivan, from 2021 to 2025, the global market had a compound annual growth rate of 12.9%. By 2025, the global electronic testing solution market will generate revenue of RMB 55.6 billion. Looking ahead, the market is expected to maintain strong growth, with a compound annual growth rate of 13.8% from 2026 to 2030.

Source: annual reports of relevant companies, Frost & Sullivan report

From 2021 to 2025, the Chinese market had a compound annual growth rate of 16.9%. By 2025, the Chinese electronic testing solution market will generate revenue of RMB 21 billion. Looking ahead, the market is expected to maintain strong growth, with a compound annual growth rate of 11.0% from 2026 to 2030, driven by the demand for customized and comprehensive electronic testing from downstream customers.

Source: annual reports of relevant companies, Frost & Sullivan report

Part.04

Trends and Drivers of the Electronic Testing Instrument Market

  • Increased performance demands.The main driver of instrument innovation comes from continuous breakthroughs in physical aspects in downstream industries. 6G research requires wider bandwidth andterahertz frequencies; electric vehicles require testing under higher voltage and power; advanced semiconductors need instruments with excellent sensitivity to measure weak signals. This creates a long-term high-value upgrade cycle for top-tier instruments, enabling them to operate with advanced performance.

  • Development of centralized computing infrastructure.Modular product architectures are becoming more common in hardware and software fields. Hardware platforms such as PCI and PXIe allow users to integrate instrument modules into a single chassis to build customized high-density testing systems. Meanwhile, independent instruments are also being designed as platforms that can be upgraded via software.

  • Growing demand for standardized extensible frameworks.To ensure quality and consistency from research and development to production, enterprises need standardized and scalable testing frameworks. Solutions provide a unified software platform to perform automated testing throughout the product life cycle. This industrialized testing process is crucial for high-volume manufacturing and ensures product reliability in large-scale production.

  • Transition from product suppliers to solution partners.System-level challenges require far more than just deep application expertise in instruments. Customers seek partners who can understand their specific industry and provide complete, outcome-oriented solutions. This trend is driving business model transformation toward solution-based expertise and long-term, service-intensive partnerships.


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Listing Success | Frost & Sullivan Supports Puyuan Precision Electric Technology Co., Ltd. in Successful Stock Listing in Hong Kong (Stock Code: 0537.HK)

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