Core Viewpoint - Chao Hong Ji (潮宏基) plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy, brand image, and competitiveness [1][2] Financial Performance - In 2024, the company achieved a revenue of 6.52 billion yuan, a year-on-year increase of 10.48%, while net profit attributable to shareholders decreased by 41.91% to 194 million yuan [2][3] - The net profit excluding non-recurring gains and losses was 187 million yuan, down 38.72% compared to the previous year [2][3] - The net cash flow from operating activities was 435 million yuan, a decline of 29.22% year-on-year [2][3] Recent Quarterly Results - For Q1 2025, the company reported a revenue of 2.25 billion yuan, reflecting a year-on-year growth of 25.36% [4] - The net profit attributable to shareholders for Q1 2025 was 189 million yuan, up 44.38% year-on-year [4] - The net profit excluding non-recurring gains and losses for Q1 2025 was 188 million yuan, an increase of 46.17% compared to the same period last year [4] Shareholding Structure - As of the end of Q1 2025, the controlling shareholder, Shantou Chao Hong Ji Investment Co., held 28.55% of the shares, with 31% of these shares pledged [4][5] - The chairman and general manager, Liao Chuangbin, holds 3.04% of the shares, with 48% of his holdings also pledged [4][5]
潮宏基拟发行H股 去年净利降4成今年一季度现金流为负