Core Viewpoint - Fuyun Technology has submitted its prospectus to the Hong Kong Stock Exchange, aiming to raise funds for technology research and development, market expansion, and capacity upgrades in the satellite digital services sector, which is expected to see significant growth due to the accelerating global digitalization process [1][4]. Financial Performance - The company has shown steady growth, with revenue increasing from 419.208 million RMB in 2022 to 596.748 million RMB in 2024, reflecting a compound annual growth rate (CAGR) of over 20% [2]. - Gross profit rose from 139.229 million RMB in 2022 to 214.669 million RMB in 2024, indicating enhanced profitability [2]. - Net profit has expanded from 74.884 million RMB in 2022 to 112.163 million RMB in 2024, demonstrating operational efficiency [2]. Recent Developments - In the first half of 2025, the company reported revenue of 240.562 million RMB, a decrease of 4.8% compared to 252 million RMB in the same period last year, attributed to market changes and project delivery cycle adjustments [3]. - Despite the revenue decline, net profit for the same period reached 49.11 million RMB, a year-on-year increase of 14.9%, showcasing improvements in cost control and operational efficiency [3]. Future Plans - The funds raised from the IPO will be directed towards enhancing technology research and development, expanding market reach, and upgrading production capacity, solidifying the company's leading position in the satellite digital services sector [4].
富通科技拟赴港交所上市，2025上半年营收2.4亿呈同比下滑态势