Core Viewpoint - 聚智科技发展有限公司 is preparing for an IPO on the Hong Kong Stock Exchange, marking the addition of a new listed company in Hubei province [1][3]. Company Overview - 聚智科技 is a manufacturer of baby electronic products, primarily focusing on baby monitors. The company began selling baby monitors through Amazon in 2016 and has established a presence in major global markets, particularly in North America and Europe [5]. - The company ranks first among online exporters of baby monitors from China to the U.S. with a market share of approximately 17.4%, and third among all exporters (both online and offline) with the same market share [5]. Financial Performance - 聚智科技's revenue for the years 2022, 2023, 2024, and the first four months of 2025 were RMB 190.5 million, RMB 348.0 million, RMB 462.4 million, and RMB 150.0 million, respectively. The net profits for the same periods were approximately RMB 34.8 million, RMB 63.4 million, RMB 94.7 million, and RMB 28.3 million [6][7]. - The majority of the company's revenue comes from the sale of baby monitors, contributing approximately RMB 174 million, RMB 332 million, RMB 448 million, and RMB 146 million in respective years, accounting for 91.5%, 95.4%, 97.0%, and 97.0% of total revenue [7]. Product Details - 聚智科技's baby monitor brand is "HelloBaby," featuring proprietary 2.4GHz wireless digital audio and video technology that allows parents to monitor their babies remotely, including two-way communication and environmental parameter monitoring [5]. - In 2023, the company sold over 800,000 baby monitors, and in 2024, the total sales of baby monitors and other products reached nearly 1.4 million units [8].