HK Grey Market | Gon Technology Jump 26%

Gon Technology, a supplier of new chemical materials and upstream and downstream products of gelatin and collagen, rose 26% in Hong Kong grey market trading.

Gon Technology was founded in Qingdao in December 2000. It is a China-based supplier focused on chemical new materials as well as upstream and downstream products related to gelatin and collagen. The company serves the chemical industry and the broader healthcare sector, and is principally engaged in the research, development, production and sale of products for industrial and commercial applications.

According to Frost & Sullivan, in 2024, Gon Technology ranked as the second-largest organic polymer material modification manufacturer in China by revenue within the polymer material modification segment. In the same year, measured by polystyrene-related production capacity in China, Gon Technology was the largest polystyrene producer in the country.

In terms of financial performance, Gon Technology recorded revenues of approximately RMB13.41 billion, RMB17.44 billion and RMB19.19 billion in 2022, 2023 and 2024, respectively, as well as approximately RMB17.44 billion for the first ten months of 2025. Net profit for the corresponding periods amounted to approximately RMB724 million, RMB540 million, RMB721 million and RMB721 million, respectively.