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On 5 August, Hongxing Technology (Group) Co., Ltd. cited a market report on quartz crystal components published by QYResearch in its prospectus.

 石英晶体元器件 

According to data from consulting firm QYResearch, the top ten global quartz crystal component manufacturers accounted for a combined market share of 66.4% in 2023, while Hongxing Technology held a 3.08% market share, ranking ninth globally. Among Chinese companies, Hongxing Technology ranked third, trailing only Taiwan-based Crystal Technology (global first) and Tai Jing Technology (global eighth).

Sources: Sohu, Securities Star, Donews, Sina Technology, NetEase
More: https://www.sohu.com/a/921095460_161105
https://finance.stockstar.com/IG2025080500032620.shtml
https://www.donews.com/article/detail/8189/88187.html
https://finance.sina.com.cn/tech/roll/2025-08-05/doc-infixqhs9296162.shtml
https://www.163.com/dy/article/K699P5OE05198R91.html

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