两家A股上市公司，递表港交所

Group 1: Company Overview - RuYueChen submitted an application for H-share listing on the Hong Kong Stock Exchange on September 19, marking the beginning of its journey to list in Hong Kong [1][6] - The company, known for its e-commerce operation services, was listed on the Shenzhen Stock Exchange in 2020 and has since transitioned to developing its own brands [6][8] Group 2: Financial Performance - As of September 19, RuYueChen's stock price has increased by 216.63% this year, with a total market capitalization of 13.56 billion RMB [4] - In the first half of 2025, the company's own brand revenue reached 603 million RMB, a significant increase of 242.42% year-on-year, accounting for 45.75% of total revenue [8][11] Group 3: Strategic Initiatives - The company aims to enhance its capital strength and international brand image through the Hong Kong listing, which will also improve its overseas financing capabilities [8][9] - RuYueChen plans to expand its global market presence, initially focusing on Southeast Asia, and will seek acquisitions of high-potential overseas brands [9][11] Group 4: Market Trends - The trend of "A+H" listings is gaining momentum, with many companies opting for Hong Kong listings to leverage international financing advantages and policy support [4][13] - The PCB industry is also witnessing a similar trend, with several companies pursuing IPOs or "A+H" listings to accelerate capital market processes [13][18]