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HUHUTECH International Group Inc. Announces Fiscal Year 2024 Financial Results

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1 year ago

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WUXI, China, April 29, 2025 /PRNewswire/ — HUHUTECH International Group Inc. (Nasdaq: HUHU) (the “Company” or “HUHUTECH”), a professional provider of factory facility management and monitoring systems, today announced its financial results for the fiscal year ended December 31, 2024.

Mr. Yujun Xiao, Chief Executive Officer of HUHUTECH, commented, “Fiscal year 2024 was a year of expansion as we strengthened our market presence both domestically and internationally, laying a solid foundation for long-term success. We delivered $18.1 million in total revenue, representing an 8.5% increase year-over-year, driven by robust growth in product sales and system integration projects, especially in Japan. Gross profit rose 21.1% to $6.6 million, with gross margin improving to 36.1% from 32.3% in the same period last year.

Our strategic expansion in the Japanese market was underscored by the successful launch of our semiconductor industry-supporting warehousing and logistics center in Kumamoto. In line with Japan’s Semiconductor Revival Initiative, the facility supports the region’s growing semiconductor manufacturing clusters and reflects our commitment to building scalable infrastructure in high-growth markets. Another major milestone in 2024 was our successful initial public offering. With our Nasdaq listing, we are better positioned to accelerate innovation, enhance brand visibility, and pursue global opportunities. This achievement also underscores our commitment to long-term value creation through global market expansion.”

Mr. Xiao continued, “Looking ahead, we will continue to build on this momentum by expanding our marketing and sales teams, deepening client relationships, and advancing targeted R&D—particularly in exploring the development of Factory Management and Control System and related new equipment. We also plan to broaden our product and service offerings to further penetrate key markets. Through these efforts, we are confident in delivering innovative solutions that improve efficiency, elevate performance, and set new standards in factory facility management across an evolving industrial landscape.”

Fiscal Year 2024 Financial Highlights

Total revenue was $18.1 million in fiscal year 2024, an increase of 8.5% from $16.7 million in fiscal year 2023.Gross profit was $6.6 million in fiscal year 2024, an increase of 21.1% from $5.4 million in fiscal year 2023.Gross margin was 36.1% in fiscal year 2024, increased from 32.3% in fiscal year 2023.Net loss was $1.9 million in fiscal year 2024, compared to net income of $2.3 million in fiscal year 2023.Basic and diluted loss per share were $0.1 in fiscal year 2024, compared to basic and diluted earnings per share of $0.47 in fiscal year 2023.

Fiscal Year 2024 Financial Results

Revenues

Total revenue was $18.1 million in fiscal year 2024, an increase of 8.5% from $16.7 million in fiscal year 2023. The overall increase in total revenue was primarily attributable to a $0.9 million increase in revenue from product sales and a $0.3 million increase in revenue from system integration projects.

Revenue from system integration projects was $16.6 million in fiscal year 2024, an increase of 2.0% from $16.3 million in fiscal year 2023. The increase was due to the expansion of the Company’s business in the Japanese market in fiscal year 2024.Revenue from engineering consulting services was $0.4 million in fiscal year 2024, an increase of 76.3% from $0.2 million in fiscal year 2023. The significant increase was a result of the system integration projects as the Company provided consulting services as auxiliary service to some system integration clients in need.Revenue from product sales was $1.2 million in fiscal year 2024, an increase of 340.3% from $0.3 million in fiscal year 2023. The increase of product sales revenue was due to increase in product needs along with system integration projects in fiscal year 2024.

Cost of Revenues

Cost of revenue was $11.6 million in fiscal year 2024, an increase of 2.4% from $11.3 million in fiscal year 2023.

Gross Profit and Gross Margin

Gross profit was $6.6 million in fiscal year 2024, an increase of 21.1% from $5.4 million in fiscal year 2023. The increase of gross profit in fiscal year 2024 was mainly due to the increase of gross profit from system integration projects.

Gross margin was 36.1% in fiscal year 2024, increased from 32.3% in fiscal year 2023.

Operating Expenses

Total operating expenses were $8.1 million in fiscal year 2024, an increase of 149.6% from $3.2 million in fiscal year 2023.

Selling expenses were $2.1 million in fiscal year 2024, an increase of 137.2% from $0.9 million in fiscal year 2023. The increase was mainly due to the operation of HUHU Technology Co., Ltd. (“HUHU Japan”).General and administrative expenses were $3.2 million in fiscal year 2024, an increase of 205.0% from $1.0 million in fiscal year 2023. The increase was mainly due to the operation of HUHU Japan.Research and development expenses were $2.9 million in fiscal year 2024, an increase of 114.7% from $1.3 million in fiscal year 2023. The increase was due to (1) a decrease of $0.1 million in material costs; and (2) an increase of $1.6 million in technical consulting fees charged by a third party.

Net Loss

Net loss was $1.9 million in fiscal year 2024, compared to net income of $2.3 million in fiscal year 2023.

Basic and Diluted Loss per Share

Basic and diluted loss per share were $0.1 in fiscal year 2024, compared to basic and diluted earnings per share of $0.47 in fiscal year 2023.

Financial Condition

As of December 31, 2024, the Company had cash of $3.1 million, compared to $2.7 million as of December 31, 2023.

Net cash used in operating activities in fiscal year 2024 was $3.0 million, compared to net cash provided by operating activities of $3.0 million in fiscal year 2023.

Net cash used in investing activities in fiscal year 2024 was $3.8 million, compared to $1.2 million in fiscal year 2023.

Net cash provided by financing activities in fiscal year 2024 was $7.5 million, compared to net cash used in financing activities of $0.6 million in fiscal year 2023.

Recent Development

On October 23, 2024, the Company completed its initial public offering (the “Offering”) of 1,050,000 ordinary shares at a public offering price of $4.00 per share. On November 19, 2024, the representative of the underwriters of the Offering partially exercised their over-allotment option to purchase an additional 123,413 ordinary shares at the public offering price of $4.00 per share. The gross proceeds were $4.69 million, before deducting underwriting discounts and commissions, and other expenses. The Company’s ordinary shares began trading on the Nasdaq Capital Market on October 22, 2024, under the ticker symbol “HUHU.”

About HUHUTECH International Group Inc.

HUHUTECH International Group Inc. is a professional provider of factory facility management and monitoring systems. Through its subsidiaries in China and Japan, HUHUTECH designs and provides customized high-purity gas and chemical production system and equipment. The Company’s products mainly include high-purity process systems (HPS) and factory management control systems (FMCS), which effectively increase operation efficiency by using standardized module software. The modularity of HUHUTECH’s software solution reduces the errors caused by frequent updates of the program. As a nationally recognized brand, HUHUTECH serve major players in the pan-semiconductor industry. Its products and services are widely used by semi-conductor manufacturers, LED and micro-electronics factories, as well as some pharmaceutical, food and beverage manufacturers. For more information, please visit the Company’s website: ir.huhutech.com.cn.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” or other similar expressions in this prospectus. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission (“SEC”).

For more information, please contact:

HUHUTECH International Group Inc.
Investor Relations Department
Email: ir@huhutech.com.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

HUHUTECH INTERNATIONAL GROUP INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

As of December 31,

2024

2023

ASSETS

CURRENT ASSETS:

Cash

$

3,102,865

$

2,739,530

Restricted cash

220,261

107,129

Notes receivable

254,092

—

Accounts receivable, net

9,633,289

8,708,075

Inventories

1,175,241

530,048

Advance to vendors

150,637

64,750

Prepayments and other assets, net

80,137

181,371

TOTAL CURRENT ASSETS

14,616,522

12,330,903

Property, plant and equipment, net

4,978,080

1,528,982

Intangible assets, net

79,985

124,679

Deferred tax assets

326,087

56,931

Deferred offering costs

—

805,889

Right-of-use assets, net

183,815

255,573

TOTAL ASSETS

$

20,184,489

$

15,102,957

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Short term bank loans

$

5,273,678

$

1,690,165

Notes payable

733,996

103,943

Accounts payable

4,466,933

4,532,958

Due to related parties

246,454

868,438

Advance from customers

1,403,628

943,348

Accrued expenses and other liabilities

732,419

561,439

Taxes payable

356,889

400,071

Operating lease liabilities – current

104,088

107,424

TOTAL CURRENT LIABILITIES

13,318,085

9,207,786

        Long term loans

260,299

—

Operating lease liabilities – non-current

80,636

114,374

TOTAL LIABILITIES

13,659,020

9,322,160

COMMITMENTS AND CONTINGENCIES (Note 13)

SHAREHOLDERS’ EQUITY:

Ordinary shares, $0.0000025 par value, 20,000,000,000 shares authorized,

   21,173,413 and 20,000,000 shares issued and outstanding as of December 31, 2024

   and 2023*, respectively

53

50

Additional paid-in capital

4,695,350

1,738,179

Statutory reserves

343,077

343,077

Retained earnings

2,026,786

3,958,029

Accumulated other comprehensive loss

(539,797)

(258,538)

TOTAL SHAREHOLDERS’ EQUITY

6,525,469

5,780,797

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

20,184,489

$

15,102,957

 

*

Share and per share data are presented on a retroactive basis to reflect the reorganization and the forward split at

a ratio of 1-for-4, with effective date of July 15, 2024.

 

 

 

HUHUTECH INTERNATIONAL GROUP INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

For the Years Ended December 31,

2024

2023

2022

Revenues

$

18,149,244

$

16,732,688

$

11,374,257

Cost of revenues – third parties

10,919,792

11,110,545

7,018,597

Cost of revenues – related party

676,889

210,251

805,679

Total cost of revenues

11,596,681

11,320,796

7,824,276

Gross profit

6,552,563

5,411,892

3,549,981

Operating expenses:

Selling expenses

2,068,278

871,797

391,013

General and administrative expenses

3,162,801

1,036,922

1,033,079

Research and development expenses

2,879,183

1,341,221

1,213,529

      Total operating expenses

8,110,262

3,249,940

2,637,621

(Loss) income from operations

(1,557,699)

2,161,952

912,360

Other income (expense):

Interest income

8,691

7,279

4,021

Interest expense

(113,657)

(72,197)

(51,985)

Other income, net

5,821

492,123

99,920

       Total other (expense) income, net

(99,145)

427,205

51,956

(Loss) income before income taxes

(1,656,844)

2,589,157

964,316

Provision for income taxes

274,399

255,570

34,307

Net (loss) income

(1,931,243)

2,333,587

930,009

Other comprehensive loss

Foreign currency translation adjustments

(281,259)

(105,029)

(238,627)

Comprehensive (loss) income

$

(2,212,502)

$

2,228,558

$

691,382

(Loss) earnings per share*

Basic and diluted

$

(0.10)

$

0.47

$

0.19

Weighted average number of shares outstanding*

Basic and diluted

20,208,803

20,000,000

20,000,000

 

*

Share and per share data are presented on a retroactive basis to reflect the reorganization and the forward split at

a ratio of 1-for-4, with effective date of July 15, 2024.

 

 

HUHUTECH INTERNATIONAL GROUP INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31,

2024

2023

2022

Cash flows from operating activities:

Net (loss) income

$

(1,931,243)

$

2,333,587

$

930,009

Adjustments to reconcile net income to net cash provided by (used in)

   operating activities:

   Depreciation and amortization

326,471

214,106

138,572

   Provision for (recovery of) credit losses

1,900

25,335

(52,229)

   Deferred tax (benefits) expense

(274,609)

11,950

33,739

   Amortization of operating lease right-of-use assets

62,062

53,307

19,643

Changes in operating assets and liabilities:

   Accounts receivable

(1,179,061)

(2,817,167)

(1,370,494)

   Notes receivable

(257,751)

—

—

   Inventories

(669,170)

851,308

(979,451)

   Prepayments and other assets

97,665

50,862

(171,856)

   Advance to vendors

(88,917)

(5,119)

28,844

   Accounts payable

52,879

1,603,497

674,460

   Accrued expenses and other liabilities

188,280

115,482

60,707

   Advance from customers

493,048

446,802

485,270

   Taxes payable

(40,645)

246,100

82,890

   Due from related parties

250,495

—

—

   Operating leases liabilities

(66,909)

(81,121)

(19,643)

Net cash (used in) provided by operating activities

(3,035,505)

3,048,929

(139,539)

Cash flows from investing activities:

   Additions to property, plant, and equipment

(3,825,547)

(1,205,784)

(95,448)

   Acquisition of intangible asset

—

(2,469)

—

Net cash used in investing activities

(3,825,547)

(1,208,253)

(95,448)

Cash flows from financing activities:

   Payments to related parties

(868,438)

—

(65,358)

   Advances from related parties

—

325,642

—

   Proceeds from initial public offering

4,117,955

—

—

   Proceeds from (repayments of) proceeds from bank acceptance notes

      payable, net

642,004

(389,894)

426,965

   Proceeds from short-term bank loans

7,905,066

3,135,195

5,079,409

   Repayment of short-term bank loans

(4,223,122)

(3,417,645)

(3,952,709)

   Proceeds from long-term bank loans

694,859

—

—

   Repayment of long-term bank loans

(430,813)

—

—

   Payment of offering costs

(382,333)

(247,874)

(171,023)

Net cash provided by (used in) provided by financing activities

7,455,178

(594,576)

1,317,284

Effect of exchange rate changes on cash and restricted cash

(117,659)

(88,057)

(5,196)

Net increase in cash and restricted cash

476,467

1,158,043

1,077,101

Cash and restricted cash, beginning of year

2,846,659

1,688,616

611,515

Cash and restricted cash, end of year

$

3,323,126

$

2,846,659

$

1,688,616

Reconciliation of cash and restricted cash, end of year

Cash

$

3,102,865

$

2,739,530

$

1,361,728

Restricted cash

220,261

107,129

326,888

Cash and restricted cash, end of year

$

3,323,126

$

2,846,659

$

1,688,616

Supplemental cash flow disclosures:

   Cash paid for income tax

$

97,101

$

68,649

$

31,015

   Cash paid for interest

$

36,403

$

68,255

$

51,985

Non-cash activities:

   Right-of-use assets obtained in exchange for operating lease obligations

$

79,591

$

323,290

$

7,372

   Reclassification of deferred offering costs

$

1,160,781

$

—

$

—

 

 

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SOURCE HUHUTECH International Group Inc.

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The National Association of Mortgage Brokers Announces its Launch of MORE, New Mortgage Education and Professional Development Platform

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2 hours ago

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October 17, 2026

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NAMB MORE brings training, credentials, professional development and daily mortgage market information together in one place

LAS VEGAS, Oct. 17, 2026 /PRNewswire-PRWeb/ — The National Association of Mortgage Brokers (NAMB) the first and only national volunteer-led and membership-driven organization representing the interests of mortgage brokers and home buyers since 1973, today announced the launch of NAMB MORE(Mortgage Originator Resources and Education), a new learning and professional development platform designed to give mortgage professionals the education, resources and information they need to grow throughout their careers.

MORE officially launches today during NAMB National 2026, being held October 16–19 at Caesars Palace in Las Vegas. The platform is designed as a long-term resource for mortgage professionals at every career stage, bringing training, credentials, professional development and timely industry information together in one place.

Mortgage professionals can learn more and access the platform at nambhasmore.org. Access to MORE will be free through NAMB Focus, January 7–9, 2027. Users must have a NAMB member profile to access the learning management system.

“NAMB MORE represents a significant investment in the future of mortgage professionals and the continued advancement of our industry,” said Michael Farrell, President of NAMB. “We wanted to create more than a collection of courses; we wanted to build a resource that professionals can turn to throughout their careers. NAMB MORE delivers valuable education, professional development and practical information members can apply to their businesses daily. ‘NAMB has MORE’ is a mantra the entire organization embraces, reflecting our commitment to providing the industry with innovative tools that support professional growth, strengthen advocacy and help foster our members’ success. “MORE was developed with the mortgage industry in mind, with NAMB and subject-matter experts contributing to the platform’s educational content.”

The platform is designed to support mortgage professionals from their first year in the business through experienced production, management and leadership roles. Educational resources span foundational mortgage knowledge, loan origination, mortgage programs and products, business growth, sales and marketing, borrower experience, professional development and more.

The MORE course library includes content across core categories such as:

Business Strategy & GrowthLoan OriginationMortgage FoundationsMortgage Programs & ProductsProfessional Development & Workplace SkillsSales, Marketing & Borrower ExperienceGeneral

Additional learning resources and credentials are designed to help mortgage professionals continue developing their skills as their careers evolve.

A key component of the new platform is the MORE Daily Dashboard, which serves as the home screen members see when they log into MORE. Rather than requiring members to visit the platform only when completing a course or pursuing a credential, the Daily Dashboard is designed to give mortgage professionals a reason to return every day.

The Daily Dashboard currently features:

Mortgage Rate Alert Widget: Provides information about the factors affecting mortgage rates and refreshes at least hourly.Upcoming Events: Highlights NAMB events and opportunities so members can stay connected to the association and industry.Daily Access to MORE: Provides a central starting point for accessing education, professional development and other resources.

“The Daily Dashboard is an important part of what makes MORE different,” added Farrell. “We want MORE to become part of a mortgage professional’s daily routine. Whether someone is checking the latest rate information, looking for an upcoming NAMB event or continuing their professional education, MORE puts useful resources in one place.”

About NAMB: The National Association of Mortgage Brokers has been the only national volunteer-led and membership-driven organization representing the interests of mortgage professionals and homebuyers since 1973. NAMB provides mortgage professionals with advocacy, education, and rigorous certification programs to recognize members with the highest levels of professional knowledge and education. NAMB’s active lobbying and advocacy efforts focus on national and state issues, protecting the interests of its members and borrowers. As the leading national trade association for the mortgage industry, NAMB is affiliated with state associations throughout the country and represents the interests of more than 546,800 licensed and registered Mortgage Loan Originators and 49,100 licensed Mortgage Broker and Mortgage Lender businesses throughout the U.S. www.namb.org

Media Contact

Joshua Steinfeld, Steinfeld Consulting, 1 339-225-1581, steinfeldconsulting@gmail.com

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SOURCE The National Association of Mortgage Brokers

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The United States Golf Association Selects Gupta Media as Paid Media Agency of Record

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4 hours ago

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October 17, 2026

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The appointment comes as the USGA looks to continue to strengthen brand equity and increase awareness and engagement with golfers nationwide

BOSTON, Oct. 17, 2026 /PRNewswire-PRWeb/ — The USGA, the non-profit governing body of golf in the United States, has named Gupta Media its paid media agency of record following a competitive pitch process that began in February. Gupta Media will lead paid media strategy, planning, buying and reporting in support of the USGA’s Championship ticketing and broader commercial initiatives, while helping grow brand equity, awareness and engagement across the organization. Its work will span key USGA priorities, including golf’s official Handicap Index® and GHIN app; the Rules of Golf and the USGA’s governance of the game; Membership; and initiatives that advance golf through sustainability, research and innovation, and greater access and inclusion. The relationship expands beyond media execution to include audience strategy, first-party data integration, measurement and optimization.

“Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

The relationship comes at an important moment for the USGA, with the organization focused on continuing to expand its reach and deepening brand affinity across the ever-growing, diverse golf community. Gupta Media will help drive ticket sales for some of the sport’s biggest events, including the 2027 U.S. Open at Pebble Beach Golf Links, the 2027 U.S. Women’s Open at Inverness Club, the 2028 U.S. Open at Winged Foot Golf Club and the 2028 U.S. Women’s Open at Oakmont Country Club. The agency will also support the USGA in creating greater awareness and brand recognition for its corporate Partners through co-branded content and paid media.

Golf has an enormous network of people who love the game, creating a growing opportunity to build a deeper, more direct relationship between golfers and the organization. That challenge is exactly what Gupta Media is built to strategically address — from growing membership and promoting ticket sales for major live events to reaching new audiences and understanding customer lifetime value. By bringing together audience insights, first-party data and media performance, Gupta Media will help the USGA create more relevant, effective marketing that drives measurable business results while strengthening its connection with the next generation of golfers.

“We were looking for an agency that could bring a deep understanding of our audiences, a genuine enthusiasm for our mission and the strategic expertise to work with us through this next phase of golf’s growth,” said Lynn LaRocca, USGA’s Managing Director of Brand & Marketing. “Gupta Media stood out for its ability to connect the dots between data, audience strategy, media and creative to real business outcomes, so we’re incredibly excited for this next chapter.”

“There’s a personal element to this partnership that makes it especially rewarding. My golf journey began 30 years ago when I first visited Pebble Beach as a teenager, long before I could imagine actually playing on the course,” said Gogi Gupta, Founder, Gupta Media. “To now have the opportunity to connect that lifelong passion for the game with the work we’ve spent years building and fine-tuning our agency to do feels like kismet. We’re eager to bring our proficiency to an organization that plays a leading role in the great game.”

The relationship brings together Gupta Media’s deep experience in sports marketing with its data-driven approach to audience strategy, media and creative. The agency has developed a specialized set of tools and processes to address data and analytics challenges of sports and live events, including TallyTickets.com, its proprietary ticketing analytics platform that helps teams understand sales trends, forecast demand and make more informed marketing and media decisions. Gupta Media’s experience spans sports, entertainment, premium events, and pop culture, giving the agency a comprehensive understanding of the audience models and fan behaviors that shape the industry.

About the USGA:

The USGA is a mission-based golf organization whose purpose is to unify the golf community through handicapping and grassroots programs; to showcase the game’s best talent through the U.S. Open, U.S. Women’s Open, and 13 other national championships and our museum; to provide unbiased global governance with The R&A through the playing, equipment and Amateur Status rules; and to advance issues important to golf’s future, with a focus on driving sustainability.

About Gupta Media:

Gupta Media, a certified Minority Business Enterprise, is a strategic consultancy at the intersection of creative strategy, digital media, advanced analytics, and performance marketing. We drive growth for professional sports franchises, global tech leaders, DTC brands, major music labels, and other high-profile organizations by building intelligent media plans, best-in-class reporting tools, and custom enterprise technology. Founded 25 years ago by Cornell grad Gogi Gupta, the agency is known for developing new methods of maximizing advertising efficiency in a digital-first world. Harvard Business School’s case study on Gupta Media was taught to all incoming students for three years and is still taught around the globe.

Media Contact

Carly Carioli, Gupta Media, 1 617-682-3733, ccarioli@guptamedia.com, guptamedia.com

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SOURCE Gupta Media

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China Mobile Hong Kong Establishes Hong Kong’s First U6G Network

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5 hours ago

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October 17, 2026

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Expanding Next-Generation Network Capabilities and Accelerating the Innovative Convergence of Communication, Computing, and AI Laying a Solid Foundation for 6G Development in Hong Kong

HONG KONG, Oct. 17, 2026 /PRNewswire/ — China Mobile Hong Kong Company Limited (“China Mobile Hong Kong”) announced that it has taken the lead in realising a U6GHz network, successfully completing network testing and validation at its Mong Kok flagship store and advancing the exploration of Upper 6GHz band applications in mobile networks. Implementing China Mobile Group’s strategy of “strengthening the network foundation and full-stack innovation”, China Mobile Hong Kong aims to enhance network capabilities through new frequency band applications, drive collaborative innovation between terminals and the wider industry, and lay a robust foundation for Hong Kong’s future 6G development.

Strategic Early Deployment of New Spectrum to Build Momentum for a 6G Future
U6GHz, or the Upper 6GHz band, can provide continuous wide bandwidth and is a crucial spectrum resource supporting 5G-A and future 6G evolution. On 29 November 2024, Hong Kong completed its 6/7GHz spectrum auction, becoming the first region globally to auction this frequency band for public mobile services. China Mobile Hong Kong successfully bid for 100MHz of continuous spectrum and has made appropriate forward-looking deployments, advancing network capability validation and terminal adaptation to accumulate experience for future 6G commercialisation.

Expanding Network Capacity to Enable Smoother Smart Applications
The newly added U6GHz spectrum can be utilised synergistically with existing frequency bands. Through various combinations with current spectrums, it can achieve download speeds of 3Gbps. The increased availability of spectrum helps enhance data transmission capabilities, accommodating more simultaneous user connections, improving the internet experience in highly congested areas, and supporting high-definition video and large-capacity data transmission.

As artificial intelligence becomes increasingly integrated into production and daily life, the demand for data transmission from devices such as smart glasses and AI robots continues to rise. China Mobile Hong Kong will promote the synergistic development of U6GHz and intelligent computing services, enhance connectivity between terminals and intelligent computing platforms, and explore AI image analysis, immersive interactions, and industrial applications. This will allow smart services to better integrate into everyday life and corporate operations.

Aligning with Mainland China and Hong Kong Blueprints to Consolidate the Foundation of Digital-Intelligent Development
China Mobile Hong Kong will actively align with the Nation’s “15th Five-Year Plan” and Hong Kong’s first Five-Year Plan. Focusing on “AI+”, computing infrastructure, and new industrialisation, the company will enhance communication and smart services through network upgrades to assist Hong Kong in building an international innovation and technology centre. Concurrently, China Mobile Hong Kong will collaborate with industry partners to accelerate the research, development, and testing of U6GHz products. By expanding hotspot coverage according to demand, it aims to drive the maturity of the industrial ecosystem and accelerate Hong Kong’s 6G development. Looking ahead, China Mobile Hong Kong will continue to leverage its strengths as a central state-owned enterprise, providing high-quality digital infrastructure to serve Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, thereby fully contributing to the building of a cyber superpower and a digital China.

About China Mobile Hong Kong Limited
China Mobile Hong Kong Company Limited (“China Mobile Hong Kong”) is the wholly-owned subsidiary of China Mobile Limited (HKEx: 941), which is listed on the Fortune Global 500. China Mobile Hong Kong was incepted in January 1997 and was the first mobile network operator to launch PCS services in Hong Kong.

As the world’s leading mobile network brand with the largest customer base*, The Company offers innovative and comprehensive 5G communications services, including voice, data, IDD and international roaming. The Company is committed to the development of 5G with new technologies such as artificial intelligence, internet of things, cloud computing and big data, integrating 5G applications in different industries, promoting the construction and development of smart city groups in Greater Bay Area.

* China Mobile (Hong Kong) Limited is a wholly-owned subsidiary of China Mobile Limited. As of 31 December 2025, China Mobile Limited had the largest number of mobile network subscribers in the world.

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SOURCE China Mobile Hong Kong Company Limited

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