Core Viewpoint - Yunzhisheng Intelligent Technology Co., Ltd. (stock code: 09678.HK) was listed on the Hong Kong Stock Exchange, closing at HKD 296.40, a rise of 44.59% from its final offering price of HKD 205.00 [1][2]. Group 1: Offering Details - The total number of shares offered globally was 1,560,980 H-shares, with 624,400 shares allocated for the Hong Kong public offering and 936,580 shares for international offering [2][3]. - The total amount raised from the offering was HKD 320.00 million, with net proceeds of HKD 206.4 million after deducting estimated listing expenses of HKD 113.60 million [2][3]. Group 2: Use of Proceeds - Approximately 45.6% of the proceeds will be used to enhance research and development capabilities over the next five years [3]. - About 47.0% will be allocated for investing in emerging business opportunities and increasing product adoption in various industry verticals [3]. - The remaining 7.4% will be used for working capital and general corporate purposes [3]. Group 3: Financial Performance - Yunzhisheng's projected revenues for 2022, 2023, and 2024 are RMB 601.9 million, RMB 727.3 million, and RMB 939.0 million, respectively [5][6]. - The company is expected to incur annual losses of RMB 375.4 million, RMB 376.2 million, and RMB 454.2 million for the same years [5][7]. - Cumulatively, the company is projected to have a total loss of RMB 1.2 billion from 2022 to 2024 [5]. Group 4: Cash Flow and Expenses - The net cash used in operating activities is projected to be RMB 166.0 million, RMB 284.7 million, and RMB 319.0 million for 2022, 2023, and 2024, respectively [8]. - The company’s cash and cash equivalents at the end of 2024 are expected to be RMB 156.5 million, down from RMB 379.2 million at the end of 2023 [8].
云知声港股上市募3.2亿港元首日涨44.6% 3年累亏12亿