Core Viewpoint - Wanyuantong (920060.BJ) is planning to issue H shares and list on the Hong Kong Stock Exchange to enhance its international brand recognition and meet overseas financing needs as part of its internationalization strategy [2]. Company Overview - Wanyuantong specializes in the research, production, and sales of printed circuit boards (PCBs) and is recognized as a high-tech enterprise [2]. - The company was listed on the Beijing Stock Exchange on November 19, 2024, with a closing stock price of 33.91 CNY and a total market capitalization of 5.156 billion CNY as of October 24, 2024 [2]. Financial Performance - For the first half of 2025, Wanyuantong reported operating revenue of 540.64 million CNY, representing a year-on-year increase of 16.4% [6]. - The net profit attributable to shareholders was 64.77 million CNY, up 7.56% year-on-year, while the net profit after deducting non-recurring items decreased by 3.27% to 55.50 million CNY [6]. - The basic earnings per share fell by 17.67% to 0.4260 CNY [6]. Shareholding Structure - The actual controller of Wanyuantong is Wang Xuegen, who directly holds 34.94% of the shares and indirectly controls an additional 3.99% through associated entities, totaling 38.92% of the voting rights [5].
万源通冲击“A+H”：市值52亿元，上半年扣非净利下滑