---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-010554"
form_type: "8-K"
ticker: "AXTI"
cik: "0001051627"
company_name: "AXT INC"
filed_at: "2022-07-06T23:59:59+00:00"
generated_at: "2026-06-24T20:22:14.324517+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# AXT subsidiary Tongmei files updated IPO application; pre-announces H1 2022 revenue and profit range

## Summary
- Shanghai Stock Exchange accepted Tongmei's revised STAR Market IPO application for review on July 5, 2022.
- Tongmei's Q1 2022 revenue RMB 252.6M (RMB 193.2M Q1 2021); net profit RMB 20.4M (RMB 13.9M Q1 2021) under Chinese GAAP.
- Tongmei preliminarily expects H1 2022 revenue RMB 456.2M–557.6M (H1 2021: RMB 393.6M) and net profit RMB 44.3M–54.2M (H1 2021: RMB 40.2M).
- AXT is not updating its Q2 2022 guidance provided April 28, 2022; Tongmei results under Chinese GAAP differ materially from AXT consolidated US GAAP.

## SEC filing metadata
- accession: 0001558370-22-010554
- form_type: 8-K
- ticker: AXTI
- cik: 0001051627
- company_name: AXT INC
- filed_at: 2022-07-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1051627/000155837022010554/0001558370-22-010554-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1051627/000155837022010554/axti-20220705x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-010554
- JSON: https://secwatch.observer/filing/0001558370-22-010554.json
- Plain text: https://secwatch.observer/filing/0001558370-22-010554.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.