Core Viewpoint - Guoxia Technology Co., Ltd. (stock code: 02655.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 38.00 with a rise of 89.05%, and closing at HKD 43.80, marking a total increase of 117.91% by the end of the trading day [1]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares issued was 38,930,800, with 3,385,300 shares allocated for public offering and 35,545,500 shares for international offering [2]. - The final offer price was HKD 20.10, resulting in total proceeds of HKD 782.51 million, with net proceeds amounting to HKD 700.55 million after deducting estimated listing expenses of HKD 81.96 million [4][5]. Key Investors - The cornerstone investors include Huikai Hong Kong Economic Development Co., Ltd., Dream'ee (Hong Kong) Open-ended Fund Company, and Wusong Capital Co., Ltd. [5]. Financial Performance - Guoxia Technology's revenue for the years 2022, 2023, 2024, and the first half of 2025 were RMB 141.83 million, RMB 314.31 million, RMB 1.026 billion, and RMB 691.37 million respectively, with corresponding profits of RMB 24.28 million, RMB 28.15 million, RMB 49.12 million, and RMB 5.58 million [7][8]. - The gross profit margins for the same periods were 25.1%, 26.7%, 15.1%, and 12.5% [9]. Cash Flow and Financial Health - The net cash flow from operating activities for 2022, 2023, and the first half of 2025 were RMB -30.32 million, RMB -72.91 million, and RMB -204.91 million respectively, indicating a negative cash flow trend [10]. - The company experienced a significant drop in net profit margin from 17.1% in 2022 to 0.8% in the first half of 2023, reflecting volatility in profitability [10].
果下科技港股募7.8亿港元首日涨118% 净利率仅0.8%