Core Viewpoint - Xinhua Technology International Limited has submitted its second listing application to the Hong Kong Stock Exchange in 2023, with CITIC Securities and Daiwa as joint sponsors [1][3]. Company Overview - Xinhua Technology is a software technology service and product provider, primarily engaged in customized software development services for Japanese clients. It ranks fourth among service providers in Japan's software technology services and solutions market, and is the largest provider of such services from China to Japan [3][4]. - The company has a significant presence in Japan, Hong Kong, and Southeast Asia, offering customized software development, standardized software products, and application hosting services [3]. Market Position - Japan is the most important overseas market for Xinhua Technology, with a large and steadily growing market for software technology services, products, and solutions. As of June 30, 2025, the company has served over 160 overseas clients, including major Japanese corporations such as Itochu Group and Hitachi Group [4]. - The company has maintained a 100% retention rate for its core clients over the past decade, with revenue from these clients showing consistent growth [4]. Financial Performance - For the six months ending June 30 in 2022, 2023, 2024, and 2025, the company's revenue from continuing operations was approximately RMB 1.63 billion, RMB 1.93 billion, RMB 1.80 billion, and RMB 978 million, respectively. The corresponding net profits were RMB 182 million, RMB 270 million, RMB 202 million, and RMB 187 million [4][5]. - The gross profit margins for these periods were 28.2%, 32.3%, 32.7%, and 29.1%, indicating a relatively stable profitability profile [5]. Revenue Dependency - A significant portion of the company's revenue is derived from Japanese clients, making it susceptible to changes in Japan's regulatory landscape, business environment, and socio-economic conditions [6].
新股消息 | 信华信年内第二次递表港交所 在日本软件技术服务及解决方案市场服务提供商中排名第四
智通财经网·2025-08-22 13:22