Group 1 - The company, Wanxing Technology, plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and brand image [1] - The issuance and listing are subject to approval from various regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1] - As of the announcement date, the company is in discussions with intermediaries regarding the issuance, but specific details have not been finalized [1] Group 2 - In 2024, the company reported a revenue of 1.44 billion yuan, a decrease of 2.78% year-on-year, and a net loss attributable to shareholders of 163 million yuan compared to a profit of 86.21 million yuan in the previous year [2] - For Q1 2025, the company achieved a revenue of 380 million yuan, representing a year-on-year growth of 6.06%, but still reported a net loss of 32.81 million yuan [2] - The net cash flow from operating activities for 2024 was 33.32 million yuan, down from 234 million yuan in the previous year [2] Group 3 - The company went public in January 2018, raising a total of 331 million yuan, with a net amount of 289.62 million yuan after deducting issuance costs [3] - In June 2021, the company issued convertible bonds, raising a total of 378.75 million yuan, with a net amount of 371.07 million yuan after expenses [3][4] - The total funds raised from both the IPO and the bond issuance amounted to 709.75 million yuan [4]
万兴科技拟发H股 近1年1期均亏损A股共募资7.1亿元