Core Viewpoint - Jiangbolong has received approval from the China Securities Regulatory Commission for its overseas listing, marking a significant step in its expansion strategy [1][3]. Group 1: Company Overview - Jiangbolong plans to issue no more than 84.42 million shares for its overseas listing on the Hong Kong Stock Exchange [3]. - The company is a leading independent semiconductor memory manufacturer, providing complete storage value chain solutions, including NAND Flash and DRAM products [3]. - Jiangbolong is the second-largest independent memory manufacturer globally and the largest in China, based on revenue from storage products in 2023 [3]. Group 2: Financial Performance - In the second quarter of 2025, Jiangbolong achieved revenue of 5.939 billion yuan, a quarter-on-quarter increase of 39.53%, marking a historical high for quarterly revenue [4]. - The company reported a net profit of 234 million yuan after deducting non-recurring items, reflecting a significant quarter-on-quarter growth of 215.94% [4]. - Revenue contributions from the top five customers accounted for 38.2%, 34.6%, and 36.8% of total revenue in 2022, 2023, and 2024, respectively [3].
江波龙拟H股上市，获证监会备案