(Yicai) March 13 -- Lens Technology, which is one of US tech giant Apple’s leading suppliers in China, is preparing for a secondary listing in Hong Kong in order to expand the company’s overseas footprint, strengthen its international brand image and boost its overall competitiveness.

Lens Technology is in talks with intermediaries about the issuance and the exact details have yet to be finalized, the Changsha-based firm said yesterday.

Investors seemed unimpressed by the news and Lens Technology’s mainland-traded stock [SHE: 300433] closed down 8.1 percent today at HKD25.78 (USD3.32).

Lens Technology is a pioneer in introducing new materials such as glass, sapphire and ceramics into consumer electronics, smart vehicle touchscreens and structural parts, according to its website. It is also one of the few listed companies with a relatively complete industrial chain in the national electronic information industry.

Lens Technology plans to make further inroads into robotics. The company has been involved in the smart robotics field since as early as 2016, it said in a recent institutional survey. The firm plans to leverage its strengths in supply chain management, procurement, and large-scale lean production as well as deepen its tie-ups with leading robotics companies.

Lens Technology's net profit surged 43.7 percent in the first three quarters last year from a year earlier to CNY2.3 billion (USD317.6 million), while revenue jumped 36.7 percent to CNY46.2 billion (USD6.3 billion), according to its financial report.

Editor: Kim Taylor