TIANDI HEXING HKEX Listing Application Lapses; Ranked No.1 in China’s Industrial Cybersecurity Market
NewTimeSpace News: The listing application filed by Beijing Tiandi Hexing Technology Co., Ltd. with The Stock Exchange of Hong Kong Limited on 30 January 2026 has lapsed upon the expiry of the six-month period. China Securities International and Orient Securities International served as the original joint sponsors.
The Company is a renowned supplier of integrated industrial cybersecurity and energy digital intelligence solutions in China. According to Frost & Sullivan, based on market share, the Company ranked first in China’s industrial cybersecurity market in 2024 with an overall market share of approximately 6.7%, and captured an 8.4% market share in the energy sector. The Group adopts AI-driven technologies to enhance security protection capabilities for enterprise clients across diverse industrial scenarios.
Since its establishment, the Company has provided industrial cybersecurity solutions for over 6,000 projects, covering sectors including power, petrochemicals, rail transit, smart manufacturing, metallurgy & mining and municipal water supply, with more than 200 types of application scenarios. Its enterprise clients account for over 50% of roughly 100 core central SOEs under the supervision of the SASAC. Revenue contribution from state-owned enterprises or state-controlled enterprises rose from 69.3% in 2023 to 80.8% in the first nine months of 2025.
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