Core Viewpoint - Wanchen Group plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its international strategy, brand recognition, and overall competitiveness [1] Group 1: Company Strategy - The company is actively discussing the issuance and listing with relevant intermediaries, with specific details yet to be determined [1] - The board of directors and supervisory board have approved the appointment of Fuhui Mazhe Accounting Firm as the auditing agency for the H-share issuance and listing [1] Group 2: Financial Performance - In 2024, Wanchen Group achieved a total revenue of approximately 32.33 billion yuan, with the snack segment contributing about 31.79 billion yuan, accounting for 98.33% of total revenue [1] - The company reported a net profit attributable to shareholders of approximately 294 million yuan, marking a turnaround from losses [1] - In the first quarter of 2025, the company generated approximately 10.82 billion yuan in revenue, representing a year-on-year growth of 124.02%, and a net profit of 215 million yuan, reflecting a significant year-on-year increase of 3344.13% [1]
万辰集团：筹划发行H股并在港交所主板上市