Core Insights - Multiple companies, including Aibolue, Qingmin Digital Technology, Wodetong, and others, have updated their prospectuses to advance their respective U.S. IPO processes [1] Company Summaries Aibolue (CZTI) - Aibolue plans to issue 3.34 million shares at a price range of $11 to $13 per share, aiming to raise between $36.69 million and $43.36 million [1] - The company reported revenue of $493 million for the first half of 2025, a year-on-year increase of 96.26%, with a net profit of $470,000 [4] Qingmin Digital Technology (QMSK) - Qingmin plans to issue 1.5 million shares at a price range of $4 to $6 per share, targeting a fundraising range of $6 million to $9 million [1] - The company generated revenue of $52.86 million for the fiscal year ending March 31, 2025, with a net profit of $2.25 million [6] Wodetong (WODO) - Wodetong intends to issue 1.5 million shares at a price range of $4 to $6 per share, with a fundraising target of $6 million to $9 million [1] - The company reported revenue of $63.93 million for the fiscal year ending March 31, 2025, and a net profit of $1.1 million [8] Kangbeit (KBAT) - Kangbeit plans to issue 3.75 million shares at a price range of $4 to $5 per share, aiming to raise between $15 million and $18.75 million [1] - The company reported revenue of $12.14 million for the fiscal year ending March 31, 2025, with a net profit of $1.93 million [10] Ziyun Dongfang (YLY) - Ziyun Dongfang plans to issue 1.5 million shares at a price range of $4 to $6 per share, targeting a fundraising range of $6 million to $9 million [1] - The company generated revenue of $2.73 million for the fiscal year ending May 31, 2025, with a net profit of $790,000 [12] Beta Financial (BTFT) - Beta Financial intends to issue 2 million shares at a price range of $4 to $6 per share, aiming to raise between $8 million and $12 million [1] - The company reported revenue of $2.35 million for the fiscal year ending June 30, 2024, with a net profit of $1.05 million [14] Yifu (BGHL) - Yifu plans to issue 1.6 million shares at a price range of $4 to $6 per share, targeting a fundraising range of $6.4 million to $9.6 million [1] - The company generated revenue of $6.77 million for the fiscal year 2024, with a net profit of $960,000 [16] JM Group - JM Group plans to issue 3.75 million shares at a price range of $4 to $5 per share, aiming to raise between $15 million and $18.75 million [1] - The company reported revenue of $18.94 million for the six months ending March 31, 2025, with a net profit of $1.6 million [18] Monkey Tree (MKTR) - Monkey Tree intends to issue 1.65 million shares at a price range of $4 to $5 per share, targeting a fundraising range of $6.6 million to $8.25 million [1] - The company generated revenue of $9 million for the fiscal year ending March 31, 2025, with a net profit of $1.44 million [18]

Group 1: Listing Overview - In July, 13 Chinese companies successfully listed on the US main board, with an additional 8 companies submitting listing applications to the SEC [1] - 12 companies went public through traditional IPOs, raising a total of approximately $288 million, while 1 company (YOUL) used the De-SPAC method for listing [2] Group 2: Fundraising Details - The fundraising was notably uneven, with SPAC company AParadise Acquisition (APADU) leading with $200 million, while New Jun Cashmere (MJID) and MeiHua ChuangFu (MGRT) each raised $15 million, and the remaining 9 IPO companies raised less than $10 million each [2] Group 3: Geographic Distribution - Hong Kong's Kingdian Technology (KMRK) completed its listing in just 195 days, the fastest among the listed companies, while Taiwan's J-Star (YMAT) took 1414 days, highlighting the need for companies to carefully plan their listing timelines based on market conditions [4] Group 4: First Day Performance - Kingdian Technology (KMRK) had the best first-day performance, closing up 23.75%, followed by Creative Greater China (CRE) with a 10% increase, while other companies had first-day gains of less than 5%, with some even experiencing a decline [6] Group 5: SEC Filing Trends - Among the 8 companies that submitted applications in July, 4 submitted preliminary prospectuses (F-1 filings), with 3 of these being rejected by the SEC, indicating the importance of adhering to disclosure regulations [8] - The other 4 companies that submitted formal prospectuses include KBAT, KOKO, ACCL, and AGCC, covering sectors such as consumer goods and logistics, with their future progress being noteworthy [8] Group 6: Company-Specific Details - KBAT Group plans to issue 3.75 million shares at a price of $4-5, aiming to raise between $15 million and $18.75 million, focusing on vacuum packaging machinery [9] - KOKO, a Shanghai-based tech company, is focused on the development and leasing of smart commercial cleaning robots, integrating L4 level autonomous driving and IoT technology [10] - Acco Group Holdings Limited (ACCL) has filed for an IPO on NASDAQ, planning to raise $7 million [11] - Agencia Comercial Spirits plans to issue 1.75 million shares at a price of $4-6, expecting to raise between $7 million and $10.5 million [13]