Core Viewpoint - Blue Si Technology is planning to issue H shares for overseas listing, with a proposed issuance of up to 7% of the total share capital, expected to take place in July or August 2023, under the leadership of its founder Zhou Qunfei, known as the "Glass Queen" [2][4]. Group 1: Company Overview - Blue Si Technology is primarily recognized as a supplier of glass cover plates for Apple products, positioning itself as a leading player in the Apple supply chain [3][7]. - The company has faced challenges in recent years due to a downturn in the consumer electronics market, leading to a strategic shift towards diversifying its business beyond Apple, including investments in AI glasses, robotics, and NFC ecosystems [4][12]. Group 2: Financial Performance - The company's reliance on Apple has increased significantly, with the proportion of revenue from Apple orders rising from 43.07% in 2019 to 66.49% in 2021, leading to a dependency issue [11]. - Blue Si Technology experienced substantial financial losses, with a cumulative net loss exceeding 1.6 billion yuan from Q4 2021 to Q1 2022, attributed to a sharp decline in revenue from Apple orders [12]. Group 3: Market Position and Future Prospects - The company is part of a broader trend among Apple supply chain companies seeking to reduce dependency on a single client, as evidenced by its efforts to explore new markets and product lines [4][6]. - Zhou Qunfei's wealth has seen significant fluctuations, with her net worth increasing from 45.5 billion yuan in 2023 to 63.5 billion yuan in 2024, reflecting the volatile nature of the tech supply chain [9].