炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 导语：上市以来股权募资超67亿元但扣非净利润累计亏6.8亿元，近七年没有现金分红的露笑科技，有何理由去港股上市募资？公司给出的"全球化"理 由也难有数据支撑，公司自2011年上市以来，境内收入占比只有1年在90%以下，其他13年都在90%以上，尤其是最近四年境内收入占比都在95%以上，境外 收入少得可怜。 出品：新浪财经上市公司研究院 近九年频繁定增募资超61亿元但扣非净利润累计亏8亿元 近七年0现金分红 资料显示，露笑科技主要从事登高机业务、光伏发电业务、漆包线业务、碳化硅业务。2011年9月，露笑科技在深交所上市，募资5.4亿元。 从2016年以来，露笑科技频繁通过定增募资，5次定增（含定增收购）合计募资61.79亿元。2022年7月、2021年3月、2019年9月、2019年5月、2016年4月定 增募资额分别为25.67亿元、6.43亿元、1.65亿元、14.85亿元、13.19亿元。 作者：IPO再融资组/郑权 近日，露笑科技发布公告称拟在港股上市，目的是为推进全球化战略布局，打造国际化资本运作平台，提升公司国际品牌形象和综合 ...

Core Viewpoint - The company plans to issue H shares and list them on the Hong Kong Stock Exchange to enhance its international strategy, attract talent, and improve its financing capabilities [1][2][3] Board Meeting Details - The sixth board meeting was held on August 13, 2025, with all eight directors present, and the meeting complied with relevant laws and regulations [1] - The board unanimously approved the proposal to issue H shares and list them on the Hong Kong Stock Exchange [2][3] Issuance Plan - The H shares will be ordinary shares with a par value of RMB 1.00 each, available for subscription in foreign currency [2] - The issuance will be conducted through a combination of public offering in Hong Kong and international placement [2][5] - The maximum number of H shares to be issued will not exceed 25% of the total share capital post-issuance, with an option for underwriters to exercise an over-allotment of up to 15% [3][4] Fund Utilization - The funds raised will primarily be used for capacity expansion, product development, and repayment of bank loans, among other operational needs [7][8] Shareholder Approval - The proposal requires approval from the shareholders' meeting, and the board is authorized to handle all matters related to the issuance and listing [9][19] Governance Adjustments - The company will revise its articles of association and internal governance rules to align with the requirements of the Hong Kong Stock Exchange and relevant laws [20][29] - The board will also adjust the composition of its committees to meet regulatory standards [27][28] Audit and Compliance - The company has appointed an auditing firm for the issuance process and will ensure compliance with all regulatory requirements [24][25]

Group 1 - The company plans to issue H shares and list them on the Hong Kong Stock Exchange to enhance its international strategy and attract talent [1][2][6] - The issuance will involve a maximum of 25% of the company's total share capital post-issuance, subject to market conditions and regulatory approvals [3][4] - The funds raised will be used for capacity expansion, product development, and repayment of bank loans among other purposes [6][8] Group 2 - The issuance will include both a public offering in Hong Kong and an international placement, with specific allocation strategies based on demand and investor quality [4][5] - The company will determine the issuance price based on market conditions and investor interest, following international practices [3][4] - The company aims to ensure that existing shareholders and new H share investors benefit from the distribution of retained earnings post-issuance [8][9]

Meeting Information - The company will hold its third extraordinary general meeting of shareholders on August 29, 2025, at 14:30 [1][2] - The meeting will include both on-site and online voting options for shareholders [2][8] Voting Procedures - Shareholders can vote on-site or through the Shenzhen Stock Exchange's internet voting system during specified times on August 29, 2025 [2][8] - All shareholders registered by the cut-off date of August 22, 2025, are eligible to participate and vote [2][5] Agenda Items - The meeting will discuss several proposals, including the issuance of H shares and related fundraising plans [4][6] - Other proposals include amendments to the company's articles of association and governance rules post-H share issuance [6][12] Registration and Participation - Shareholders must register to attend the meeting, providing necessary identification and documentation [7][8] - Proxy voting is allowed, and specific forms must be completed for authorized representatives [10][12]

Core Viewpoint - The company has appointed Yongtuo Fuxin Accounting Firm as the auditor for its H-share issuance and listing in Hong Kong, pending approval from the shareholders' meeting [1][7]. Group 1: Auditor Information - Yongtuo Fuxin was established in 2017 and is registered with the Accounting and Financial Reporting Bureau as a public interest entity auditor, having served over 30 Hong Kong-listed companies [1]. - The firm has a team of over 70 professionals, primarily aged between 25 and 40, including more than 20 certified public accountants with substantial practical experience [1][2]. - Yongtuo Fuxin has not faced any civil lawsuits related to its professional conduct in the past three years and has a good record of investor protection [2]. Group 2: Project Team Members - The project team includes several experienced professionals: - Zhou Jiali, a partner with over 20 years of experience, previously worked at Deloitte and has expertise in accounting, auditing, and corporate financing [2][3]. - Li Enhui, the managing partner, has 20 years of experience and has helped companies successfully list in Hong Kong [3][4]. - Li Wentai, a senior consultant with 40 years of experience, has been involved in significant asset acquisitions and mergers [4]. - Liao Yilin, a partner with 20 years of experience, has also assisted companies in listing in Hong Kong [4]. - Xu Minjie and Xie Fengge, both joint directors, have nearly 10 years of experience in auditing and corporate financing [5]. Group 3: Approval Process - The Audit Committee reviewed and approved the appointment of Yongtuo Fuxin, confirming its capability and independence for the H-share issuance [6][7]. - Independent directors also held a special meeting to agree on the appointment, ensuring compliance with relevant laws and regulations [6].

Core Viewpoint - The independent director candidate, Yu Jianjun, has declared his commitment to the role and confirmed his independence from any relationships that could affect his impartiality in serving on the board of Luxiao Technology Co., Ltd [2][3]. Group 1: Candidate Qualifications - The candidate has undergone qualification review by the nomination committee and has no conflicting interests with the company [2]. - The candidate meets the requirements set forth by the Company Law of the People's Republic of China regarding eligibility to serve as a director [3]. - The candidate possesses the necessary knowledge of company operations and relevant legal regulations, with over five years of experience in law, economics, management, accounting, or finance [4]. Group 2: Compliance and Responsibilities - The candidate has confirmed that serving as an independent director will not violate any relevant laws or regulations, including those from the Central Commission for Discipline Inspection and the Ministry of Education [3][4]. - The candidate has committed to adhering to the regulations of the China Securities Regulatory Commission and the Shenzhen Stock Exchange during their tenure [8]. - The candidate has pledged to report any changes in their eligibility to the board and resign if they no longer meet the qualifications for independent directors [8].

Core Points - The company, Luzhao Technology, announced that it will hold its third extraordinary general meeting of shareholders on August 29, 2025 [1] - The agenda for the meeting includes the proposal for the company to issue H-shares and list on the main board of the Hong Kong Stock Exchange [1]

Group 1 - The core viewpoint of the article is that Luxshare Technology (SZ 002617) held its 16th meeting of the 6th Board of Directors on August 13, 2025, to discuss various proposals, including the authorization of board members [1] - For the fiscal year 2024, Luxshare Technology's revenue composition is as follows: Industrial sector accounts for 80.35%, photovoltaic industry for 19.05%, other sectors for 0.46%, and new energy vehicles for 0.15% [1]

Group 1 - The company announced the approval of hiring an auditing firm for its H-share listing [1] - 永拓富信会计师事务所 has been appointed as the auditing institution for the company's overseas listing [1] - The decision was made by the company's board of directors and supervisory board [1]

Core Viewpoint - The company has approved the appointment of Yongtuo Fuxin Accounting Firm as the auditor for its H-share listing on the Hong Kong Stock Exchange [1] Group 1 - The company's board and supervisory committee have reviewed and passed the proposal regarding the hiring of an H-share auditing institution [1] - Yongtuo Fuxin will be responsible for auditing the company's issuance of overseas listed foreign shares (H-shares) [1] - The appointment is part of the company's plan to apply for listing on the main board of the Hong Kong Stock Exchange [1]