CNGR(SZ:300919) Zhong Guo Jing Ji Wang·2025-10-16 06:21Core Viewpoint - Zhongwei Co., Ltd. is in the process of applying for the issuance of overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange, with the listing hearing scheduled for October 2, 2025. The application is still subject to further review and approval by relevant regulatory bodies [1][2]. Group 1: Listing and Regulatory Approval - Zhongwei Co., Ltd. has announced its intention to issue up to 190,364,600 overseas listed ordinary shares and list on the Hong Kong Stock Exchange [2]. - The Hong Kong Stock Exchange's listing committee has reviewed the company's application but has not yet granted formal approval, indicating that further comments may be provided [1][2]. - The company must obtain approvals from the Hong Kong Securities and Futures Commission and the Hong Kong Stock Exchange, which introduces uncertainty into the listing process [1]. Group 2: Financial Performance - In 2024, Zhongwei Co., Ltd. reported operating revenue of 40.22 billion yuan, a year-on-year increase of 17.36%, while net profit attributable to shareholders decreased by 24.64% to 1.47 billion yuan [5][6]. - The net profit after deducting non-recurring gains and losses was 1.28 billion yuan, down 19.26% compared to the previous year [5][6]. - For the first half of 2025, the company achieved operating revenue of 21.32 billion yuan, a 6.16% increase year-on-year, but net profit attributable to shareholders fell by 15.20% to 733 million yuan [7].