ECM

Ligent (纳真科技) Pre-IPO: Peer Comparison

04 Sep 2026 By Ke Yan, CFA
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Abstract: Ligent, a Hisense-controlled optical transceiver and optical network terminal maker, has passed the HKEX listing hearing and is seeking a Main Board listing. Citi and CITIC are the joint sponsors. Our prior note covered the company's business, financials and pre-IPO investor backing. This note compares Ligent with listed peers from a financial, operating and valuation perspective.

HUAGONG TECH (000988 CH) ACCELINK TECHNOLOGIES (002281 CH) SUZHOU TFC OPTICAL COMMUNICATION (300394 CH) EOPTOLINK TECHNOLOGY (300502 CH) ZJ INNOLIGHT (3308 HK) CIG SHANGHAI (603083 CH) Applied Optoelectronics (AAOI US) Coherent (COHR US) Lumentum Holdings Inc. Common Stock (LITE US)

Highlighted Stocks

HUAGONG TECH, ACCELINK TECHNOLOGIES, SUZHOU TFC OPTICAL COMMUNICATION, EOPTOLINK TECHNOLOGY, ZJ INNOLIGHT, CIG SHANGHAI, Applied Optoelectronics, Coherent, Lumentum Holdings Inc. Common Stock

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