On February 6, 2026, Lockin Technology (Beijing) Co., Ltd. took a significant stride towards its global expansion by submitting its prospectus to the Hong Kong Stock Exchange. The company aims to list on the main board, with China Galaxy International acting as its exclusive sponsor. Established in 2014, Lockin Technology has carved out a niche for itself by offering comprehensive security solutions tailored for homes and communities.

In 2024, Lockin Technology made waves in the global smart lock market by shipping 1.3 million units worldwide, securing the fourth position globally. Notably, its performance in mainland China was equally impressive, with 1.2 million units shipped, earning it the third spot in the domestic market. What sets Lockin apart is its leadership in the vein smart lock segment, where it ranks first globally in terms of shipments.

Financially, Lockin Technology has demonstrated steady growth. From 2023 to 2024, the company reported revenues of RMB 1.015 billion and RMB 1.086 billion, respectively. In the first three quarters of 2025, its revenue surged by 11.5% year-on-year, reaching RMB 774 million. During this period, its gross profit margins stood at 31.1%, 35.2%, and 31.2%, respectively, while net profit margins were recorded at 1.4%, 4.9%, and 4.1%.

Lockin Technology's innovative approach and robust financial performance have attracted investments from several renowned institutions. In December 2025, Zhongguancun Science City injected RMB 200 million into the company, valuing it at RMB 3.5 billion. Prior to its initial public offering (IPO), Baidu emerged as the largest external investor, holding an 18.43% stake. Additionally, Xiaodu Technology's CFO, Hu Yu, serves as a non-executive director, further solidifying Lockin's position in the industry.