09,05,2026 7 views
On May 18th, during an investor research activity, Huashengchang (002980) disclosed key information regarding the core business data and integration progress of its previously acquired Shenzhen Galant Technology Co., Ltd. (referred to as "Galant"), clarifying that Galant's unaudited on hand orders reached 197 million yuan in the first quarter of 2026. At the same time, it confirmed that the acquisition has been approved by the shareholders' meeting and will accelerate the consolidation process, injecting strong momentum into the company's entry into the high-end optical communication testing track.
In this survey, Huashengchang focused on responding to the market's core concerns about Galant's order reserves, acquisition integration, and consolidation pace. The company stated that the unaudited order size of Galant in the first quarter of 2026 reached 197 million yuan. The order structure focuses on high-speed optical modules and silicon optical chip testing equipment, directly connecting with the needs of global top optical module and silicon optical chip manufacturers. The company will strictly follow the information disclosure rules for subsequent order landing and new additions, and the official announcement shall prevail.
Looking back at the acquisition process, this transaction is progressing efficiently and compliantly. At the end of February 2026, Huashengchang disclosed its intention to acquire for the first time, officially launching its merger and acquisition plan for Galant; Complete all due diligence, audit and evaluation work in mid April, and sign the "Asset Purchase Agreement" with all shareholders of Galant, determining a transaction consideration of 460 million yuan, which is lower than the evaluation value of 472 million yuan, to protect the interests of the listed company and small and medium-sized shareholders; On May 7th, the company held its second extraordinary general meeting of shareholders for 2026, and approved the proposal to acquire 100% equity of Galant, marking the completion of the core approval process for this acquisition. At present, Huashengchang and Galant have launched a deep integration of bilateral teams, coordinated and orderly promotion of resources such as technology, channels, and production capacity, and are fully committed to seizing the expansion dividends of the high-speed optical communication industry.
According to the data, Galant is a high-tech enterprise in the field of optical communication testing equipment in China, with 18 years of deep cultivation in the industry. Its core technology is independently controllable, and it is one of the few suppliers in China that can provide 100G/400G/800G/1.6T full rate optical modules and silicon optical chip testing solutions. Its core products include high-speed error code testers, optical attenuators, automated testing platforms, etc., widely used in the production lines of top global optical module manufacturers. By 2025, it will achieve revenue of 158 million yuan and net profit of 32.6158 million yuan, with stable performance fundamentals. After the completion of this acquisition, Galant will be included in the consolidated financial statements of Huashengchang, and the specific consolidation time will be subject to the company's subsequent announcements. This move will help Huashengchang quickly enter the high-speed optical communication testing golden track, improve the layout of high-end testing instruments, and create a second growth curve.
From an industry perspective, with the continuous rise of AI computing power and intelligent computing center construction, the global demand for 800G/1.6T high-speed optical modules has exploded, driving the rapid expansion of the supporting testing equipment market. The current global optical communication testing equipment market is still dominated by overseas manufacturers, and there is a vast space for domestic substitution. As a leading player in the domestic market, Galant, relying on the capital strength, global channels, and research and development resources of Huashengchang, is expected to further increase market share, consolidate technological advantages, and the synergistic effect between the two sides is worth looking forward to.
Risk Warning: This article is based on the announcements and public information of listed companies and does not constitute investment advice. The market is risky, and investment needs to be cautious.
