Megmeet, a Top-Tier Chinese Mainland Supplier of Global Power Products, Files HKEX Listing Application

NewTimeSpace · 2026/06/29 10:00 · By Mingzhe Sun

NewTimeSpace News: Shenzhen Megmeet Electrical Co., Ltd. (002851.SZ) submitted its listing application to HKEX on 26 June, with Huatai International and Citi acting as joint sponsors. Per data from CIC Consulting, the Company holds leading market positions across multiple niche segments in 2025: ranking No.1 in revenue of commercial display power supplies in China (62.3% market share), No.1 globally in revenue of third-party intelligent air conditioner compressor drive controllers (16.0%), No.1 in sales volume of arc welding robot power sources in China (30.3%), and No.1 globally in revenue of smart toilet OEM/ODM products (8.8%). It is also the first comprehensive power supplier in Chinese mainland to master 800V HVDC megawatt-level rack power system technology.

NewTimeSpace News: Shenzhen Megmeet Electrical Co., Ltd. (002851.SZ) filed its listing application with The Stock Exchange of Hong Kong Limited on 26 June 2026, jointly sponsored by Huatai International Financial Holdings Limited and Citigroup Global Markets Asia Limited.

Rooted in power electronics and operating globally, the Company is a leading industrial technology platform enterprise. Centered on three core technology platforms—power conversion technology, digital power control technology, and system control & communication technology—it has built a product ecosystem of “core components + software + system solutions”, covering six business segments: power supplies, new energy transportation, industrial automation, smart living, intelligent equipment, and precision magnetic components manufacturing.

In the field of AI computing infrastructure, the Company is the first player in Chinese mainland and one of the few global comprehensive power suppliers that master high-power-density 800V HVDC megawatt-level rack power systems and high-efficiency power technologies (with power conversion efficiency exceeding 98% for AI data center power supplies). It delivers system-level power supply solutions for AI data centers and boasts full-process overseas production and supply capabilities.

Statistics from CIC Consulting confirm that Megmeet belongs to the first tier of Chinese mainland suppliers measured by global power product revenue in 2025. Breakdown by niche sectors:Commercial display power supplies (China revenue): No.1, 62.3% market shareThird-party intelligent air conditioner compressor drive controllers (global revenue): No.1, 16.0% market shareArc welding robot power sources (China sales volume): No.1, 30.3% market shareSmart toilet seat ODM products (global revenue): No.1, 8.8% market share

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.

Tags：

Megmeet 002851.S 002851.SZ IPO file a listing application