Core Viewpoint - Longqi Technology (龙旗科技) has submitted its application for listing on the Hong Kong Stock Exchange, with Citigroup, Haitong International, and Guotai Junan International acting as joint sponsors [1] Company Overview - Longqi Technology is a leading global provider of smart products and services, offering comprehensive solutions including product research, design, manufacturing, and support for well-known smart product brands and leading technology companies [3] - The company has a diversified product portfolio that includes smartphones, AI PCs, automotive electronics, tablets, smartwatches, and smart glasses, with key clients such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo [3] Business Model - The core of Longqi Technology's business model is integrated ODM services, which encompass hardware design, module customization, system-level software platform development, RF and antenna tuning, system-level testing and certification, supply chain management, component selection, and scalable manufacturing operations [4] - According to Frost & Sullivan, Longqi Technology is the second-largest consumer electronics ODM manufacturer globally based on ODM shipment volume in 2024, and it ranks first in smartphone ODM shipments [4] Financial Performance - The company's revenue decreased from RMB 29.34 billion in 2022 to RMB 27.19 billion in 2023, a decline of 7.4%, but is projected to increase by 70.6% to RMB 46.38 billion in 2024 [5] - The net profit for the company increased from approximately RMB 561.51 million in 2022 to approximately RMB 602.71 million in 2023, a growth of 7.3%, but is expected to decrease by 18.1% to RMB 493.35 million in 2024 [6]
新股消息 | 龙旗科技(603341.SH)递表港交所 全球第一智能手机ODM厂商 收入情况受ODM出货量波动影响较大