Huaqin Technology (SH:603296) Zhong Guo Jing Ji Wang·2025-08-28 07:01Core Viewpoint - Company Huqin Technology (603296.SH) plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and overseas business development [1][2] Group 1: Issuance of H-shares - The company has approved the proposal for issuing H-shares during its board and supervisory board meetings held on August 22, 2025 [1] - The issuance aims to accelerate the company's internationalization and improve its overseas financing capabilities [1] - The issuance is subject to approval from the shareholders' meeting and relevant regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [1][2] Group 2: Financial Performance - For the first half of 2025, the company reported a revenue of 83.939 billion yuan, a year-on-year increase of 113.06% [2] - The net profit attributable to shareholders was 1.889 billion yuan, up 46.30% year-on-year, while the net profit after deducting non-recurring gains and losses was 1.509 billion yuan, an increase of 47.95% [2] - The net cash flow from operating activities was -1.522 billion yuan, compared to 1.041 billion yuan in the same period last year [2] Group 3: Financial Position - As of June 30, 2025, the company had cash and cash equivalents amounting to 16.553 billion yuan [3] - The total interest-bearing debt was 19.337 billion yuan, comprising short-term loans of 14.230 billion yuan and long-term loans of 4.424 billion yuan [4] - The company went public on August 8, 2023, raising a net amount of approximately 573.068 million yuan, which was 23.068 million yuan more than initially planned [4]