Zhitong Financial APP learned that Hengwan Technology (01523) continued to rise sharply within days, with its share price hitting an all-time high of HK $4.68. As of press time, Hengwan Technology rose 7.21% to HK $4.46, with a turnover of HK $23 million.
Software-defined wide area network (SD-WAN) is becoming an integral part of IT infrastructure and a must-have product for routing and next-generation firewall providers.
IDC pointed out that the SD-WAN market continues to flourish, with the SD-WAN infrastructure market growing by 18.5% in 2020. By 2025, IDC estimates that the market will grow at a compound annual growth rate of 18.9%. According to a recent report from MarketInsights, the D-WAN market is expected to grow from $1.3 billion in 2019 to $1.9 billion in 2027, with a compound annual growth rate of 7.9% over the forecast period.
Hengwan Technology (01523) is mainly engaged in the research and development and sales of SD-WAN routers, and North America is the company's core market. In the first half of this year, the company realized revenue of $33 million and net profit of $9.292 million. Among them, North America accounted for 55.28% of revenue.