Group 1 - The core viewpoint of the article highlights the successful listing of Hansang Technology on the Shenzhen Stock Exchange, marking it as the first A-share company in Nanjing this year and the fourth overall in the country [1][5] - Hansang Technology, established in 2003, is a high-tech enterprise specializing in smart audio technology, recognized as a national high-tech enterprise and a leading innovative company in Nanjing [4][5] - The company has built a comprehensive audio technology system covering audio signal processing, multi-protocol audio transmission, and intelligent systems, projecting a revenue of 1.454 billion yuan and a net profit of 253 million yuan in 2024, reflecting an 86.37% year-on-year growth [4][5] Group 2 - The funds raised from the IPO will be allocated to projects including the production of high-end audio products, smart audio IoT manufacturing, and the development of new technologies and products in AIoT [5] - The listing of Hansang Technology signifies a shift for Chinese audio companies from a "manufacturing dividend" to a "value-driven" phase, leveraging technological barriers and global expansion [5] - Nanjing's capital market has seen accelerated growth, with four companies listed this year, contributing to a financial industry value added of 116.7 billion yuan and a securities trading volume of 33.16 trillion yuan, both showing significant year-on-year increases [7]