红星冷链二闯港交所：两基地关键运营指标下滑

Core Insights - Hongxing Cold Chain has submitted a new application to the Hong Kong Stock Exchange, with Jianyin International and Agricultural Bank of China International as joint sponsors [1] Financial Performance - The company's revenue for the first half of this year accounted for 68.8% of its total revenue from frozen food storage services [1] - Revenue figures over the past three and a half years were reported as 237 million, 202 million, 234 million, and 118 million yuan, indicating a "revenue growth without profit increase" in the current year [1] Operational Challenges - Key performance indicators at two bases in Changsha have declined over the past three and a half years, with a 91.76% reduction in customer numbers at the northern base [1] - The company faces high supplier concentration risk, with current liabilities exceeding current assets for the years 2023-2024 [1] Financial Obligations - Over the past three and a half years, the company has distributed 240 million yuan in dividends to major shareholders while accumulating a debt of 16.8 million yuan in unpaid employee social security and housing fund contributions, potentially facing a fine of 13.3 million yuan [1]