讯众股份，通过港交所IPO聆讯，或很快香港上市

Core Viewpoint - Beijing Xunzhong Communication Technology Co., Ltd. (referred to as "Xunzhong") is preparing for an IPO on the Hong Kong Stock Exchange, having submitted its prospectus after hearing on June 20, 2025, and is currently listed on the New Third Board with the stock code 832646.NQ [4][12]. Company Overview - Xunzhong, established in 2008, is a comprehensive cloud communication service and solution provider, focusing on simplifying communication [7]. - The company offers three main types of solutions: cloud communication services, intelligent communication solutions, and other communication services and accessories [7]. - According to Frost & Sullivan, Xunzhong ranks as the largest full-stack cloud communication service provider in China by revenue as of 2024 [7]. Business Segments - Cloud Communication Services: This includes a range of value-added communication services primarily delivered through APIs, focusing on messaging, voice, and mobile traffic communication. The core of the business is Communication Platform as a Service (CPaaS) [7]. - Intelligent Communication Solutions: These solutions enhance organizational communication using software or hardware combinations, leveraging technologies like data analysis and cloud computing [7]. - Other Communication Services and Accessories: This segment includes dedicated mobile phones, contact center outsourcing, and video conferencing solutions, which have been strategically reduced due to intense competition and low profitability [7]. Financial Performance - Xunzhong's revenue for the years 2022, 2023, and 2024 was RMB 809.743 million, RMB 915.630 million, and RMB 917.606 million, respectively [12][14]. - The net profit for the same years was RMB 74.660 million, RMB 76.584 million, and RMB 50.642 million, showing fluctuations in profitability [12][14]. Shareholder Structure - As of May 31, 2025, Xunzhong had 558 shareholders, with the largest single shareholder, Mr. Park Seong-geun, holding 27.36% of the shares [8][12]. Board of Directors - The board consists of 8 members, including executive directors and independent non-executive directors, with Mr. Park Seong-geun serving as the chairman and CEO [10][13]. Underwriting Team - The IPO's underwriting team includes DBS Asia as the sole sponsor, with Ernst & Young as the auditor and King & Wood Mallesons as the legal advisor [14].