Core Viewpoint - Huakin Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC and BofA Securities as joint sponsors [1] Group 1: Company Overview - Huakin Technology is a leading technology-driven smart product platform company, providing end-to-end solutions across the entire value chain [2] - The company has over 20 years of experience in the smart product sector and has established a strong market position in mobile terminals, computing, data centers, AIoT, and innovative business areas [2] - Huakin Technology is recognized as a global leader in the full-stack smart product ODM platform, achieving the top position in multiple smart product categories [2] Group 2: Product Matrix and Market Position - The company has strategically developed a "3+N+3" smart product matrix, focusing on three core product pillars: smartphones, laptops, and servers [2] - Huakin Technology is one of the most diversified ODM platforms globally, with a leading market position in smartphones, tablets, smart wearables, laptops, and data infrastructure products [2] Group 3: Manufacturing and Global Expansion - The company has established large manufacturing centers in Dongguan and Nanchang, leveraging geographical advantages [3] - Huakin Technology is expanding its global footprint by strategically setting up production facilities in Vietnam, India, and other overseas markets, including Mexico [3] Group 4: Financial Performance - The company reported revenues of approximately RMB 92.65 billion, RMB 85.34 billion, RMB 109.88 billion, and RMB 83.94 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [3][5] - The net profit for the same periods was approximately RMB 2.51 billion, RMB 2.66 billion, RMB 2.92 billion, and RMB 1.91 billion [3][5]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has announced additional requirements for overseas listing applications, specifically requesting Shanghai Longqi to clarify its business operations related to medical devices and compliance with foreign investment regulations [1] Group 1: Regulatory Requirements - CSRC requires Shanghai Longqi to provide details on its operations in the production and sales of Class I, II, and III medical devices, including whether it has obtained the necessary qualifications [1] - The company must also clarify if its subsidiaries' business scopes involve areas covered by the "Negative List of Special Management Measures for Foreign Investment Access (2024 Edition)" [1] Group 2: Company Overview - Shanghai Longqi is a leading global provider of smart products and services, offering comprehensive solutions for well-known smart product brands and leading technology companies [1] - The company's diverse product portfolio includes smartphones, AI PCs, automotive electronics, tablets, smartwatches/bands, and smart glasses, with key clients such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo [1]

Company Strategy & Overview - Oshkosh's 2024 revenue reached $107 billion[65] - The company is focused on transforming into an industrial technology company, leveraging advanced technologies to extend market leadership[28, 30] - A key strategy is "Innovate Serve Advance," which involves developing safe solutions, supporting the installed base, and expanding into adjacent markets[56, 59, 62] Technology & Innovation - The company has a significant intellectual property portfolio with ~1,300 active patents, including 570+ electrification patents and applications[78] - Oshkosh is focused on electrification, autonomy and active safety, and intelligent products, powered by AI[73] - The company is targeting a vitality index increase from 13% in 2022 to 33% in 2028, driven by new product innovation[125] Segment Performance & Targets - Access segment sales target for 2028 is ~$53-58 billion with an adjusted operating margin of ~14-16%[183] - Transport segment sales target for 2028 is ~$23 billion with an adjusted operating margin of ~4%[245] - Vocational segment sales target for 2028 is ~$38 billion with an adjusted operating margin of ~16%[289]

Group 1 - The "old-for-new" consumption market in Feicheng, Shandong, is experiencing a surge during the May Day holiday, driven by government subsidies and enterprise discounts, leading to increased consumer demand for upgrades [1] - The local government has actively guided 248 sales enterprises in sectors such as automotive, home appliances, and mobile phones to participate in the "old-for-new" program, resulting in over 18 million yuan in subsidies and stimulating consumption exceeding 86.9 million yuan [1] - The New Cooperation Appliance Store has introduced promotional activities, including a "spend 10,000 yuan get 1,000 yuan back" offer, allowing consumers to enjoy comprehensive discounts exceeding 2,500 yuan [1] Group 2 - The electric bicycle market in Feicheng is also witnessing a "renewal" trend, with the local commerce bureau clarifying subsidy targets and optimizing processes, leading to a significant increase in sales [2] - Since the implementation of the national "old-for-new" policy for electric bicycles, over 1,000 units have been exchanged in Feicheng, with consumers receiving more than 500,000 yuan in various subsidies [2] - It is projected that by 2025, the total number of electric bicycles exchanged in the city will reach over 5,000 units [2]

上海龙旗科技股份有限公司 （Shanghai Longcheer Technology Co., Ltd.） （上海市徐汇区漕宝路 401 号 1 号楼一层） 首次公开发行股票并在主板上市 上海龙旗科技股份有限公司 招股说明书（上会稿） 声明：本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招股 说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式 公告的招股说明书作为投资决定的依据。 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 招股说明书 保荐机构（主承销商） （上会稿） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 目 录 | 声 明 | | --- | | 发行概况 | | 目 求…… | | 第一节 释 义 … | | 第二节 概 览 … | | 一、重大事项提示………………………………………………………………………………………………… ...