Group 1 - The company, Nobikang (02635), plans to conduct a global offering of 3.7866 million shares from December 15 to December 18, 2025, with a share price range of HKD 80-106, and expects to start trading on December 23, 2025 [1] - The company specializes in developing and selling monitoring and detection products and solutions for railway operations and power grid companies in China, providing integrated hardware and software solutions based on comprehensive AI industry models [1] - According to ZhiShi Consulting, the company is the second-largest provider of AI-powered power detection and monitoring systems in China, holding a market share of approximately 5.9% in the AI+ power detection monitoring solutions market for 2024 [1] Group 2 - The company's profits for the years ending December 31 for 2022, 2023, and 2024, as well as for the six months ending June 30, 2025, are projected to be RMB 63.2 million, RMB 88.6 million, RMB 115 million, and RMB 40.1 million, respectively [2] - The company aims to optimize its main business costs and operating expenses through economies of scale and cost efficiency, focusing on improving centralized management, streamlining internal workflows, and leveraging technology [2] Group 3 - Assuming a median offering price of HKD 93.0 per share, the estimated net proceeds from the global offering would be approximately HKD 307 million, after deducting underwriting fees and estimated expenses [3] - The company plans to allocate approximately 40% of the net proceeds to continue research on core technologies, 40% to build a research and development technology center and new headquarters, 10% for potential strategic investments and acquisitions, and 10% for working capital and general corporate purposes [3]