CCHT(SZ:000661) Zhong Guo Jing Ji Wang·2025-07-02 03:21Core Viewpoint - Changchun High-tech plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international financing capabilities [1][2]. Group 1: Company Announcement - The company announced the authorization for management to initiate preparations for the overseas issuance of H-shares and listing on the Hong Kong Stock Exchange [1]. - The board has started communication and cooperation with relevant intermediaries for the H-share listing process, although specific details are yet to be determined [1]. Group 2: Regulatory Requirements - The H-share listing will require approval from the company's board and shareholders, as well as regulatory approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange [2]. - There is significant uncertainty regarding the approval and implementation of the H-share listing [2]. Group 3: Financial Performance - In 2024, the company reported a revenue of 13.47 billion yuan, a decrease of 7.55% year-on-year [2][3]. - The net profit attributable to shareholders was 2.58 billion yuan, down 43.01% compared to the previous year [2][3]. - The net profit after deducting non-recurring gains and losses was 2.83 billion yuan, a decline of 37.32% year-on-year [2][3]. - The net cash flow from operating activities was 3.10 billion yuan, down 39.18% from the previous year [2][3]. Group 4: Q1 2025 Financial Results - In the first quarter of 2025, the company achieved a revenue of 2.99 billion yuan, a decrease of 5.66% year-on-year [4]. - The net profit attributable to shareholders was 472.70 million yuan, down 44.95% compared to the same period last year [4]. - The net profit after deducting non-recurring gains and losses was 492.17 million yuan, a decline of 41.87% year-on-year [4]. - The net cash flow from operating activities was 571.07 million yuan, down 49.72% from the previous year [4].