Core Viewpoint - The company, Huayi Technology, is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence and attract global capital [1][2]. Group 1: Company Overview - Huayi Technology is a leading player in the automotive testing industry and a provider of intelligent driving perception and positioning solutions, focusing on the electric and intelligent transformation of vehicles [2]. - The company is expanding into emerging fields such as intelligent driving, humanoid robots, and low-altitude aircraft, showcasing its proactive exploration and layout in these areas [2]. Group 2: Financial Performance - In 2024, the company achieved a revenue of 423 million yuan, a year-on-year increase of 20.36%, but reported a net loss of 46.73 million yuan, which is an increase from the previous year's loss of 16.01 million yuan, primarily due to rising costs in testing services and initial high costs in inertial navigation [4]. - In the first quarter of 2025, the company reported a revenue of 142 million yuan, a year-on-year increase of 39.02%, and a net profit of 2.96 million yuan, indicating a turnaround driven by increased delivery in intelligent driving services [4]. Group 3: Market Strategy and Internationalization - The company has established long-term partnerships with major domestic automotive manufacturers and suppliers, and has gained recognition from international clients, exporting products to countries such as France, Japan, Spain, and Poland [3]. - The planned H-share issuance aims to leverage Hong Kong's status as an international financial hub to enhance competitiveness and attract international capital [2][5]. Group 4: Future Plans and Challenges - The company is committed to deepening its testing service model and expanding into integrated services of inspection, testing, and certification, in collaboration with authoritative testing institutions [5][6]. - The H-share listing plan faces uncertainties and requires approval from various regulatory bodies, necessitating a thorough review of the feasibility and impact of the listing on the company's future development [5].
华依科技筹划发行H股 开启资本运作国际化新征程