Hundsun Technologies Inc.
Hundsun Technologies Inc. (恒生电子股份有限公司) is a Chinese joint-stock company headquartered in Hangzhou, Zhejiang province, and listed on the Shanghai Stock Exchange under ticker 600570. According to Hundsun Technologies Inc.’s own 2024 annual report, the company traces its origins to 28 February 1995, when eight engineers began building trading and settlement systems for China’s then-nascent capital markets. It was later reorganised as a joint-stock company, and market-data sources place its Shanghai Stock Exchange main-board listing on 16 December 2003, following China Securities Regulatory Commission approval of its initial public offering in April 2003. The 2024 annual report gives Hundsun Technologies Inc.’s registered address as the 43rd floor, No. 1888 Binxing Road, Binjiang District, Hangzhou, last changed on 15 May 2024, and its official website as www.hundsun.com. Hundsun Technologies Inc. provides software solutions and network services to securities firms, futures companies, funds, trusts, insurers, banks, exchanges and private-fund managers operating in China’s capital markets. Its 2024 annual report groups its offerings into wealth-management technology, asset-management technology, operations technology, risk-management technology, data services, enterprise finance and insurance core systems, innovation businesses and other services; software product sales and related services made up 99.49% of 2024 revenue. Hundsun Technologies Inc. also operates research and business centres in Beijing, Shanghai, Shenzhen, Wuhan and Nanjing, as well as Hong Kong and Singapore. For the year ended 31 December 2024, Hundsun Technologies Inc. reported consolidated revenue of approximately RMB 6.58 billion, down 9.62% year on year, and net profit attributable to shareholders of approximately RMB 1.04 billion, down 26.75% year on year; the company attributed the decline to reduced technology spending among financial-institution clients alongside continued investment in next-generation core products. Gross margin on its main business was 72.05%. Combined headcount of the parent company and its main subsidiaries was 10,927 at year-end 2024. Hundsun Technologies Inc. was ranked 22nd on IDC’s 2024 FinTech100 global ranking, which the company states was the highest position among Asia-based companies on that list. In April 2025, Hundsun Technologies Inc.’s board of directors was reconstituted, electing a new chairman and vice-chairman; the company was separately carrying out a share-repurchase programme disclosed in November 2024 for cancellation and reduction of registered capital. No Unified Social Credit Code or company registration number for Hundsun Technologies Inc. could be confirmed against an official Chinese registry or the company’s own disclosures in the sources reviewed on 18 September 2026, and a formal incorporation date distinct from the 1995 founding and 2003 listing history above was not located.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
5
Shareholders of Hundsun Technologies Inc.
Based on Hundsun Technologies Inc.’s 2024 annual report (year ended 31 December 2024, filed 29 March 2025), the company had 190,024 registered ordinary shareholders. The largest disclosed shareholder is Hangzhou Hundsun Electronics Group Co., Ltd., holding 393,743,087 shares, equal to 20.79% of total share capital, and identified in the annual report as Hundsun Technologies Inc.’s controlling shareholder. The second-largest disclosed holder is Hong Kong Securities Clearing Company Limited, the nominee holder for Stock Connect investors, with 135,063,139 shares (7.13%). The remaining disclosed top-ten holders are individuals and index funds each holding below 2%, including co-founder and supervisory-board chairman Jiang Jiansheng (1.91%), Zhou Lingen (1.78%), chairman Peng Zhenggang (1.03%), and former chairman and legal representative Liu Shufeng (0.83%). The annual report states that whether these holders act in concert, or hold shares through entrustment, is “unknown” for several entries. This is a top-ten disclosure typical of a Shanghai Stock Exchange main-board listed company; only holdings above the reporting threshold are individually named, and the remaining free float is held by unnamed retail and institutional investors.
Ultimate beneficial ownership
Hundsun Technologies Inc.’s 2024 annual report expressly states that the company has no actual controller: both the “legal person” and “natural person” fields for actual controller are marked not applicable. This reflects a change first disclosed in a simplified report on changes in equity interests filed with the Shanghai Stock Exchange and signed 7 January 2023. That filing states that, before 7 January 2023, controlling shareholder Hangzhou Hundsun Electronics Group Co., Ltd. (then holding 20.72% of Hundsun Technologies Inc.) was wholly owned (100%) by Ant Technology Group Co., Ltd. (“Ant Group”), and that Ant Group’s then-controlling shareholders, the Hangzhou Junhan and Hangzhou Junao investment partnerships (holding a combined 53.46% of Ant Group), were controlled through a concert-party voting agreement among four individuals including Ant Group founder Jack Ma (Ma Yun), who held a 34% stake in Yunbo Investment, the general partner of both partnerships. Under that structure, the filing states, Ma Yun indirectly controlled the voting rights attached to Hangzhou Hundsun Electronics Group’s 20.72% stake in Hundsun Technologies Inc. and was accordingly named Hundsun Technologies Inc.’s actual controller. On 7 January 2023, the concert-party agreement was terminated and Yunbo Investment’s ownership was redistributed among a wider group of individuals who each undertook to exercise voting rights independently; the filing states this left Ant Group, and consequently Hangzhou Hundsun Electronics Group and Hundsun Technologies Inc., without any single or joint controlling natural person. No complete, dated ownership chain supporting a calculated effective UBO percentage exists following that change, because control before 2023 rested on voting arrangements and a concert-party agreement rather than a simple layered shareholding, and no authoritative source reviewed identifies a beneficial owner of Hundsun Technologies Inc. since 7 January 2023. Ant Group’s 100% ownership of Hangzhou Hundsun Electronics Group as of January 2023, and Hangzhou Hundsun Electronics Group’s 20.79% shareholding in Hundsun Technologies Inc. as most recently confirmed in the 2024 annual report, remain the highest-level disclosed ownership facts; no source reviewed indicates that the 100% intermediate ownership link has since changed.
Data availability
Full: as a Shanghai Stock Exchange main-board listed company, Hundsun Technologies Inc. discloses its top-ten shareholders, its controlling shareholder and its actual-controller status in each annual report, and material ownership changes are separately disclosed through equity-change reports. Current holdings are dated 31 December 2024 (2024 annual report, filed 29 March 2025); the ownership-chain history behind the “no actual controller” status is dated 7 January 2023.
Sources
- Shanghai Stock Exchange disclosure system, Hundsun Technologies Inc. 2024 Annual Report, static.sse.com.cn/disclosure/listedinfo/announcement/c/new/2025-03-29/600570_20250329_3YG1.pdf, published 29 March 2025, retrieved 18 September 2026
- Hundsun Technologies Inc., Simplified Report on Changes in Equity Interests (信息披露义务人：马云), signed 7 January 2023, filed with the Shanghai Stock Exchange disclosure system, retrieved 18 September 2026
Registry feed — rows exactly as filed with SAMR — public search via GSXT (National Enterprise Credit Information Publicity System), including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| Price (T.Rowe) Emerging Markets Equity Trust | 34.8% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| Calvert World Values Emerging Markets Equity Fund | 15.6% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| iShares Core MSCI Emerging Markets ETF | 5.3% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| Fidelity Emerging Asia Fund | 4.5% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) | |
| iShares MSCI Emerging Markets Minimum Volatility Factor ETF | 4% | SAMR — public search via GSXT (National Enterprise Credit Information Publicity System) |
Officers
14
Directors and officers of Hundsun Technologies Inc.
Hundsun Technologies Inc.’s board was reconstituted as its ninth board of directors at a meeting held 22 April 2025 (announced 23 April 2025), with 11 of 11 directors participating. The board elected Peng Zhenggang, a company co-founder, as chairman, and Fan Jingwu as vice-chairman; Fan Jingwu was separately appointed president. Xiao Min was appointed board secretary and Yao Manying was appointed the person in charge of finance, and the meeting appointed five vice-presidents: Guan Xiaolan, Zhang Yong, Zhang Guoqiang, Fang Xiaoming and Wang Feng. Under the previous, eighth board of directors, described in Hundsun Technologies Inc.’s 2024 annual report, the chairman and legal representative was Liu Shufeng, also a company co-founder, and another co-founder, Jiang Jiansheng, chaired the supervisory board. The 2024 annual report names five then-serving directors whose primary occupation is at Ant Technology Group Co., Ltd. (“Ant Group”): Han Xinyi (director; president and chief executive officer of Ant Group), Ji Gang (director; vice-president of Ant Group), Yu Bin (director; general manager of a digital-industry division at Ant Group), Zhu Chao (director; also the legal representative of controlling shareholder Hangzhou Hundsun Electronics Group Co., Ltd.), and Chen Zhijie (director; investment and enterprise-development director at Ant Group). Independent directors named in the 2024 annual report include Ding Wei, Wang Xiangyao and Liu Xiaolun. Nationality is not inferred from any name in this overview; the sources reviewed do not disclose nationality for these individuals. The shareholder register in the 2024 annual report separately classifies chairman Peng Zhenggang’s shareholding as held by an “overseas natural person,” which is a shareholder-account classification and is not treated here as a nationality disclosure.
Recent officer changes
- 22 April 2025 – Peng Zhenggang elected chairman, succeeding Liu Shufeng, per the ninth board’s first meeting resolution announced 23 April 2025.
- 22 April 2025 – Fan Jingwu elected vice-chairman and separately appointed president.
- 22 April 2025 – Xiao Min appointed board secretary; Yao Manying appointed the person in charge of finance.
Data availability
Full: as a Shanghai Stock Exchange main-board listed company, Hundsun Technologies Inc. discloses board and senior-management appointments, including effective dates, through board-resolution announcements and its annual report. Nationality and country of residence are not itemised for individual officers in the sources reviewed; a shareholder-register classification such as “overseas natural person” is a shareholder-account category and has not been treated as a nationality disclosure.
Sources
- Hundsun Technologies Inc., Announcement of Resolutions of the First Meeting of the Ninth Board of Directors, announcement no. 2025-024, 23 April 2025, retrieved via file.finance.qq.com/finance/hs/pdf/2025/04/23/1223220272.PDF, retrieved 18 September 2026
- Shanghai Stock Exchange disclosure system, Hundsun Technologies Inc. 2024 Annual Report, published 29 March 2025, retrieved 18 September 2026
Registry feed — rows exactly as filed with SAMR — public search via GSXT (National Enterprise Credit Information Publicity System), including entries the profile above does not cover.
Group Structure
Group structure of Hundsun Technologies Inc.
Hundsun Technologies Inc.’s controlling shareholder is Hangzhou Hundsun Electronics Group Co., Ltd., which held 393,743,087 shares (20.79% of total share capital) as of the 2024 annual report and whose legal representative is Zhu Chao. A Shanghai Stock Exchange filing signed 7 January 2023 states that, at that date, Hangzhou Hundsun Electronics Group was wholly owned (100%) by Ant Technology Group Co., Ltd. (“Ant Group”), and that Ant Group’s ownership structure was reorganised on the same date so that no single or joint controlling person of Ant Group remained. No source reviewed indicates that the 100% ownership link between Ant Group and Hangzhou Hundsun Electronics Group has since changed. On that basis, Hundsun Technologies Inc. is an indirect subsidiary of Ant Group through Hangzhou Hundsun Electronics Group, with no further identifiable ultimate parent above Ant Group, which itself is disclosed as having no actual controller. Hundsun Technologies Inc.’s own 2024 annual report discloses a short list of major controlled and associate companies, including Shanghai Hundsun Juyuan Data Services Co., Ltd. (data services), Hangzhou Yunyi Network Technology Co., Ltd. (software) and Hengyun Holdings Limited (Hong Kong, investment management); the same disclosure also reports an equity interest in the separately Shenzhen Stock Exchange-listed Shenzhen Victory Software Co., Ltd., referenced in an October 2024 supervisory-committee report as an increased holding. Ownership percentages in these individual subsidiaries or associates are not stated in that table. The main jurisdictions represented in the disclosed structure are mainland China and Hong Kong.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Hangzhou Hundsun Electronics Group Co., Ltd. | China | Not disclosed in sources reviewed | Immediate parent / controlling shareholder | 20.79% of Hundsun Technologies Inc. | Active | 31 December 2024 (2024 annual report) |
| Ant Technology Group Co., Ltd. | China | Not disclosed in sources reviewed | Ultimate parent (via Hangzhou Hundsun Electronics Group); calculated effective interest in Hundsun Technologies Inc.: 100% x 20.79% = approximately 20.79% (calculated) | 100% of Hangzhou Hundsun Electronics Group Co., Ltd. | Confirmed as of 7 January 2023; no actual controller of Ant Group itself | 7 January 2023 |
| Shanghai Hundsun Juyuan Data Services Co., Ltd. | China | Not disclosed in sources reviewed | Controlled/associate company per 2024 annual report | Ownership percentage not disclosed | Active | 31 December 2024 |
Recent structural changes
No verified acquisition, disposal, merger or reorganisation directly affecting Hundsun Technologies Inc.’s controlling shareholder or ultimate parent was located beyond the 7 January 2023 reorganisation of Ant Group’s own ownership and voting structure described above.
Data availability
Partial: the immediate and ultimate parent-level relationship is well documented through Shanghai Stock Exchange filings, but Hundsun Technologies Inc.’s own annual report discloses only a short list of “major” controlled and associate companies rather than a complete subsidiary register, and ownership percentages for those subsidiaries and associates are not stated.
Sources
- Shanghai Stock Exchange disclosure system, Hundsun Technologies Inc. 2024 Annual Report, published 29 March 2025, retrieved 18 September 2026
- Hundsun Technologies Inc., Simplified Report on Changes in Equity Interests, signed 7 January 2023, filed with the Shanghai Stock Exchange disclosure system, retrieved 18 September 2026
Registry feed — rows exactly as filed with SAMR — public search via GSXT (National Enterprise Credit Information Publicity System), including entries the profile above does not cover.
Hundsun Technologies Inc.
China
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Frequently Asked Questions
What does Hundsun Technologies Inc. do?
Hundsun Technologies Inc. is a Chinese financial-technology company that provides software solutions and network services to securities firms, futures companies, funds, trusts, insurers, banks, exchanges and private-fund managers in China, spanning wealth-management, asset-management, operations, risk-management and data-service technology, according to its 2024 annual report.
Where is Hundsun Technologies Inc. headquartered?
Hundsun Technologies Inc.'s registered address, per its 2024 annual report, is the 43rd floor, No. 1888 Binxing Road, Binjiang District, Hangzhou, Zhejiang province, China, last changed on 15 May 2024.
When was Hundsun Technologies Inc. founded?
Hundsun Technologies Inc.'s own annual report states the company traces its origins to 28 February 1995, when eight engineers began building trading and settlement systems for China's capital markets; a separate, formal company-registration incorporation date distinct from this founding and its 2003 stock listing was not located in the sources reviewed.
What is Hundsun Technologies Inc.'s company registration number or Unified Social Credit Code?
No registration number or Unified Social Credit Code for Hundsun Technologies Inc. is on file, and none could be confirmed from an official Chinese registry, the Shanghai Stock Exchange or the company's own annual report in the sources reviewed on 18 September 2026; secondary aggregator listings exist but disagree with one another and were not treated as authoritative.
Is Hundsun Technologies Inc. publicly listed?
Yes. Hundsun Technologies Inc. trades as an A-share on the Shanghai Stock Exchange main board under ticker 600570, according to the company's own annual report; market-data sources place the original listing date as 16 December 2003.
What is Hundsun Technologies Inc.'s official website?
No website was on file, but Hundsun Technologies Inc.'s 2024 annual report itself gives www.hundsun.com as the company's official website.
Who is the controlling shareholder of Hundsun Technologies Inc.?
Hangzhou Hundsun Electronics Group Co., Ltd. is named as Hundsun Technologies Inc.'s controlling shareholder in the 2024 annual report, holding 393,743,087 shares, equal to 20.79% of total share capital.
Does Ant Group own Hundsun Technologies Inc.?
Ant Group does not hold shares in Hundsun Technologies Inc. directly. A Shanghai Stock Exchange filing signed 7 January 2023 states that Ant Technology Group Co., Ltd. wholly owned (100%) Hangzhou Hundsun Electronics Group, Hundsun Technologies Inc.'s controlling shareholder, and no source reviewed indicates that link has since changed.
Who is the ultimate beneficial owner of Hundsun Technologies Inc.?
Hundsun Technologies Inc.'s 2024 annual report states the company has no actual controller. Before 7 January 2023, Ant Group founder Jack Ma (Ma Yun) was named the actual controller through a concert-party voting agreement and a general-partner structure; that agreement was terminated on 7 January 2023, after which no single or joint controlling natural person of Ant Group, and therefore of Hundsun Technologies Inc., has been identified in the sources reviewed.
Who is the chairman of Hundsun Technologies Inc.?
Peng Zhenggang, a company co-founder, was elected chairman at the first meeting of Hundsun Technologies Inc.'s ninth board of directors, held 22 April 2025 and announced 23 April 2025, succeeding former chairman Liu Shufeng.
What was Hundsun Technologies Inc.'s revenue in 2024?
Hundsun Technologies Inc. reported consolidated revenue of approximately RMB 6.58 billion for the year ended 31 December 2024, down 9.62% year on year, and net profit attributable to shareholders of approximately RMB 1.04 billion, down 26.75% year on year.
How many employees does Hundsun Technologies Inc. have?
Combined headcount of the parent company and its main subsidiaries was 10,927 at year-end 2024, per Hundsun Technologies Inc.'s annual report, of which 7,072 were employed directly by the parent company.
Has Hundsun Technologies Inc. had recent leadership changes?
Yes. On 22 April 2025, Hundsun Technologies Inc.'s board was reconstituted, electing Peng Zhenggang as chairman and Fan Jingwu as vice-chairman and president, with Xiao Min appointed board secretary and Yao Manying appointed the person in charge of finance.
Who are the Ant Group-linked directors on Hundsun Technologies Inc.'s board?
Hundsun Technologies Inc.'s 2024 annual report names five then-serving directors whose primary occupation is at Ant Technology Group Co., Ltd.: Han Xinyi, Ji Gang, Yu Bin, Zhu Chao and Chen Zhijie; Zhu Chao is also the legal representative of controlling shareholder Hangzhou Hundsun Electronics Group Co., Ltd.
Does Hundsun Technologies Inc. have subsidiaries?
Hundsun Technologies Inc.'s 2024 annual report discloses a short list of major controlled and associate companies, including Shanghai Hundsun Juyuan Data Services Co., Ltd. and Hangzhou Yunyi Network Technology Co., Ltd., without stating ownership percentages; the annual report does not publish a complete subsidiary register.