HYATECH(SH:688510) Sou Hu Cai Jing·2025-11-29 09:25Core Viewpoint - The company, Hangya Technology, plans to establish subsidiaries in Singapore and Malaysia with an investment of up to $70 million (approximately 500 million RMB) to optimize its strategic layout and expand overseas market operations, enhancing its overall competitiveness [2][3]. Group 1: Investment Details - The investment will not constitute a related party transaction or a major asset restructuring [3]. - The subsidiaries will primarily engage in investment management, import-export trade, and the research, production, and sales of aerospace engine components and medical orthopedic implants [3]. Group 2: Company Background - Hangya Technology was founded on January 30, 2013, with a registered capital of 258.38 million RMB, and is headquartered in Wuxi [3]. - The company specializes in the R&D, production, and sales of key components for aerospace engines and gas turbines, as well as medical orthopedic implants [3]. Group 3: Financial Performance - The company's revenue for 2022, 2023, 2024, and the first three quarters of 2025 was 363 million RMB, 544 million RMB, 703 million RMB, and 530 million RMB, reflecting year-on-year growth rates of 15.95%, 49.93%, 29.39%, and 1.95% respectively [4]. - The net profit attributable to the parent company for the same periods was 20.06 million RMB, 90.20 million RMB, 127 million RMB, and 77.87 million RMB, with year-on-year growth rates of -17.34%, 349.61%, 40.27%, and -16.04% respectively [4]. - The company's asset-liability ratios for the same periods were 30.59%, 31.28%, 38.33%, and 38.77% [4].