汉森软件拟港股上市，证监会就六事项要求“补答”

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested Shenzhen Hansen Software Co., Ltd. to provide additional explanations regarding its IPO in Hong Kong, focusing on the use of raised funds, the proportion of domestic and H shares before and after the "full circulation," and other related matters [1][2]. Group 1: IPO Requirements - The CSRC has asked the company to ensure consistency between the issuance quantity limit in its filing report and the prospectus, and to update the fundraising plan if there are any discrepancies [1]. - The company is required to detail the use of raised funds, including whether it involves overseas investments and if relevant approvals have been obtained [2]. - The CSRC has requested clarification on the proportion of domestic and H shares before and after the "full circulation" [2]. Group 2: Company Background - Hansen Software, established in 2006, is a full-chain digital printing solution provider, offering printing control systems, infrastructure, and innovative services [1][3]. - The company initiated guidance for A-share listing in October 2023 but terminated the guidance agreement in July 2025. It submitted its listing application for the Hong Kong Stock Exchange on October 30 this year [1][3]. Group 3: Financial Performance - From 2022 to 2024, Hansen Software's net profit is projected to be approximately 65.96 million, 113 million, and 140 million yuan, indicating stable growth [3]. - However, in the first eight months of this year, despite a 15.66% year-on-year revenue increase, net profit declined by 29.39%, attributed to significant increases in sales, R&D, and administrative expenses [3]. - Accounts receivable surged this year, with net values of 24.90 million, 33.50 million, and 44.00 million yuan from 2022 to 2024, but jumped to 87.20 million yuan by August 31, 2025, a 98% increase from the beginning of the year [3]. Group 4: Recent Acquisitions - Two months prior to submitting the listing application, Hansen Software announced the acquisition of 51% of Shanghai Colorful Dan for 337 million yuan, which exceeds the total net profit for the years 2022 to 2024 and resulted in goodwill of 73.79 million yuan, accounting for 12.94% of the net assets [3][4]. - The seller retains the right to sell the remaining 49% of Colorful Dan's shares within four months after the end of 2027, with a put option granted by the company valued at approximately 345 million yuan [4].