
Company Overview - Hansong (Nanjing) Technology Limited is a leading comprehensive supplier of high-end audio products and technology solutions, with over 20 years of experience in the high-end audio field [3][4] - The company aims to enhance its comprehensive strength through its IPO, focusing on R&D in high-end audio technology and products, and recruiting high-tech talent to improve original technology capabilities and product value [3][4] Market Position and Challenges - China has become the largest manufacturing and export region for audio products globally, but the industry faces challenges such as low technological barriers, high competition, and insufficient original technology and innovation capabilities [2][3] - The company has a high dependency on overseas markets, with foreign sales accounting for approximately 98% of its revenue during the reporting period [15][16] Financial Performance - The company reported revenues of 1,386.33 million yuan, 1,031.38 million yuan, and 253.65 million yuan over the last three years, indicating a solid capacity for sustainable operations [8] - The company has faced foreign exchange losses due to its high reliance on USD for sales and procurement, with losses of 12.68 million yuan, 14.63 million yuan, and 18.34 million yuan in the respective reporting periods [15] Future Development Strategy - The company plans to use the funds raised from the IPO to invest in advanced production facilities, technology, and human resources to enhance production efficiency and break through capacity bottlenecks [4][7] - The future development strategy includes focusing on audio technology innovation, expanding market influence, and enhancing service capabilities across the entire value chain [9] Governance and Management - The company has established a modern corporate governance structure, including a board of directors, supervisory board, and independent directors, to ensure effective governance and decision-making [4][6] - The company has implemented various internal control systems to enhance operational independence and protect investor rights [5][6]