Core Viewpoint - Shenzhen Ugreen Technology Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, indicating strong financial performance and growth potential in the consumer electronics sector [1][2]. Financial Performance - The company projects net profits of approximately RMB 3.94 billion, RMB 4.6 billion, and RMB 4.67 billion for the years 2023, 2024, and the first three quarters of 2025, respectively [1][2]. - Revenue estimates for the same periods are around RMB 48.01 billion, RMB 61.66 billion, and RMB 63.61 billion, with gross margins of 36.9%, 36.8%, and 36.5% [2][3]. - For 2025, the company anticipates a net profit of between RMB 6.53 billion and RMB 7.33 billion, representing a year-on-year growth of 41.26% to 58.56% [4]. Product Categories - Ugreen Technology operates in four main product categories: charging products, smart office products, smart audio-visual products, and smart storage products, catering to various daily application scenarios [2]. - Charging products, including power banks and chargers, constitute a significant portion of the company's revenue due to their efficiency and convenience [2]. Dividend Distribution - The company plans to distribute dividends of RMB 1.25 billion and RMB 2.49 billion to shareholders for the years 2024 and 2025, respectively [1][4]. Market Presence - The company has seen an increase in overseas sales, with contributions of 50.4%, 57.5%, and 59.6% from international markets for the years 2023, 2024, and the first three quarters of 2025 [5]. - Major clients include online retailers, offline distributors, and end-users, with the top five customers contributing approximately RMB 10.06 billion, RMB 10.98 billion, and RMB 11.21 billion to total revenue for the respective years [5]. Supply Chain - The top five suppliers accounted for total procurement amounts of approximately RMB 6.52 billion, RMB 7.73 billion, and RMB 9.87 billion for the years 2023, 2024, and the first three quarters of 2025 [6].
3C消费电子配件龙头绿联科技，拟赴港上市