荣耀IPO，启动！

Core Viewpoint - Honor has officially initiated its A-share IPO journey, marking a significant step for the company in the capital market [1][2]. Group 1: Company Overview - Honor was established on April 1, 2020, with a registered capital of 32.239 billion yuan, and is primarily engaged in the manufacturing of computers, communications, and other electronic devices [1]. - The controlling shareholder, Shenzhen Zhixin New Information Technology Co., Ltd., holds 49.55% of the company's shares [1]. Group 2: IPO Progress - The IPO guidance work will be conducted in three phases, starting from June 2025 and continuing until March 2026 [2]. - Honor announced its intention to enter the capital market through an IPO at the end of 2023, which has since attracted significant market attention [2]. - In 2024, Honor secured financing from various new shareholders, including major telecom operators and investment funds, resulting in over 20 shareholders [2]. Group 3: Corporate Changes - Following the completion of its restructuring on December 28, 2024, Honor changed its name from "Honor Terminal Co., Ltd." to "Honor Terminal Co., Ltd." and is set to commence the IPO process [2]. - The company experienced a series of executive changes prior to the IPO, including the resignation of CEO Zhao Ming due to health reasons [2]. Group 4: Leadership and Product Development - Li Jian, a former executive from Huawei, has taken over as CEO of Honor, emphasizing the importance of AI in the company's future direction [3]. - Honor is set to launch its new flagship foldable smartphone, the Honor Magic V5, on July 2, which is expected to be the lightest foldable flagship globally and will feature advanced AI technology [3].