On June 9, 2026, Guangdong TOYA Technology Co., Ltd. (hereinafter referred to as "TOYA Technology"), headquartered in Dongguan, Guangdong, submitted its prospectus to the Hong Kong Stock Exchange, proposing a listing on the Hong Kong Main Board.
TOYA Technology Prospectus Link
Core Business
Founded in 2010, TOYA Technology is a supplier of high-performance precision metal wire conductors, primarily engaged in the research and development, manufacturing, and sales of precision cable conductors. Leveraging its proprietary processes in this field, the company has extended its product offerings to include precision metal wire ropes, such as tendon cords and medical guidewires—cutting-edge categories serving advanced applications. During the historical record period, the company’s products have been widely used in sectors including smart terminals, precision medical devices, the low-altitude economy and robotics, computing centers, new energy vehicles, and other equipment.
According to a Frost & Sullivan report, by revenue in 2025, TOYA Technology ranked third globally and first in China for its ultra-fine cable conductor products, holding a global market share of 15.5%. Additionally, in 2025, the company ranked first globally in revenue from ultra-fine cable conductors used in low-altitude economy applications.
TOYA Technology’s product wire diameters typically range from 0.008 mm to 0.5 mm, broadly categorized into ultra-fine products (≤0.03 mm), fine products (>0.03 mm and <0.1 mm), and standard products (≥0.1 mm). The company currently operates four production bases: two in Dongguan, Guangdong; one in Yingtan, Jiangxi; and one in Thailand.
Shareholding Structure
The prospectus indicates that prior to its listing, TOYA Technology’s shareholder structure includes:
Mr. Zhao Gang and Mr. Deng Xiang are parties acting in concert, collectively holding approximately 65.40% of the shares, making them controlling shareholders.
Directors and Senior Management
TOYA Technology’s board of directors comprises eight members, including:
Five executive directors:
Mr. Zhao Gang (Founder, Chairman of the Board, and General Manager);
Mr. Deng Xiang (Co-Founder and Deputy General Manager);
Mr. Wu Jianhua (Deputy General Manager, Chief Operating Officer)
Mr. Zhu Haoyu (Chief Financial Officer, Secretary to the Board of Directors, Joint Company Secretary);
Mr. Long Xiongwei (Plant Manager);
3 Independent Non-Executive Directors:
Mr. Ren Zhaohui (Professor and Doctoral Supervisor, Zhejiang University);
Mr. Chen Youchen (Chief Financial Officer, Harbour BioMed (HKEX: 2142));
Ms. Bai Rui (Founder of Beijing Suishun Home Care Technology and Beijing Xinrui Cultural Entertainment).
Company performance
Financial data show that in 2023, 2024, and 2025, Tongya Technology's revenue was RMB 172 million, RMB 206 million, and RMB 303 million, respectively, with corresponding net profits of RMB 31.957 million, RMB 419.43 billion, and RMB 471.04 billion.
Intermediary team
The intermediary team for Tongya Technology's IPO primarily includes:
Oriental Securities International as its sole sponsor;
Ernst & Young as its auditor;
Haiwen & Partners as its PRC legal counsel;
Haiwen (Hong Kong) served as its Hong Kong legal counsel;
Tongshang served as its China legal counsel for the securities firm;
Zhou Junxuan (Tongshang Alliance) as its Hong Kong legal counsel for the brokerage firm;
Sunbase Capital as its compliance advisor;
Frost & Sullivan served as its industry consultant.