Core Viewpoint - Shenzhen Zhishang Technology Co., Ltd. has decided to postpone the expected completion dates for certain fundraising projects, specifically the "Core Components Expansion Project for Game Consoles," "5G Components Expansion Project," and "R&D Center Construction Project," to July 7, 2026, to ensure effective resource allocation and project outcomes [5][10]. Fundraising Overview - The company raised a total of RMB 185,493.95 million by issuing 32,170,300 shares at a price of RMB 57.66 per share, with a net amount of RMB 168,924.74 million after deducting issuance costs of RMB 16,569.21 million [1][2]. - The total expected investment for the fundraising projects is RMB 131,217.83 million, with actual usage amounting to RMB 130,217.83 million as of June 30, 2025, indicating a usage rate of 48.37% [4][10]. Project Delay Details - The postponement of the projects is due to external macroeconomic conditions, changes in industry dynamics, and shifts in client demand, leading to a cautious approach in utilizing the raised funds [4][10]. - The company has completed the basic infrastructure for the projects but has decided to implement dynamic control over equipment procurement and capacity expansion [4][10]. Industry Context - The global game console accessories market is projected to grow from USD 16.49 billion in 2024 to USD 34.24 billion by 2031, with a CAGR of 11.2% from 2025 to 2031, indicating a robust growth opportunity for the game console components industry [6]. - The 5G components expansion project aligns with the increasing demand for optical communication products, driven by the growth of artificial intelligence and cloud computing, which are critical for data transmission and processing [7][8]. R&D Center Importance - The R&D Center Construction Project aims to enhance the company's research capabilities and technological level, thereby improving its competitive edge in the precision electronic components sector [9][10]. - The company has invested significantly in R&D, with expenditures of RMB 30.28 million, RMB 34.99 million, and RMB 61.71 million from 2022 to 2024, respectively, supporting the project's feasibility [9]. Approval Process - The decision to postpone the projects has been approved by the company's board of directors and supervisory board, ensuring compliance with relevant regulations and maintaining shareholder interests [10].

Group 1: Company Overview - The company focuses on precision electronic components, primarily in consumer electronics, optical communication products, and automation equipment [2] - Major products include game console components, optical connectors, electronic connectors, and automation equipment, serving various sectors such as consumer electronics and industrial automation [2] Group 2: Financial Performance - In 2024, the company's total revenue was ¥974,165,757.63, representing a 94.07% increase from the previous year [4] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥64,948,076.53, a slight increase of 0.21% year-on-year [4] - In Q1 2025, revenue reached ¥266,132,095.16, up 52.54% compared to the same period last year [4] - The net profit for Q1 2025 was ¥22,716,190.03, reflecting a significant growth of 74.61% year-on-year [4] Group 3: Impact of Tariff Policies - The company reports that the impact of the U.S. tariff increase is limited, as some game console components are delivered to domestic bonded zones and not as complete units [5] - The company has established a production base in Vietnam for optical communication products to mitigate international trade risks [5] Group 4: Optical Communication Products - The main optical communication products include a wide range of optical fiber connectors, such as MTP/MPO fiber jumpers and high-density fiber jumpers [6] - The company has two production bases in Vietnam for optical fiber connectors, with one currently at full capacity and the other ramping up production [7] Group 5: Acquisition and Strategic Development - The company plans to acquire Hengyang Data, which specializes in intelligent computing and data processing solutions, enhancing its capabilities in data communication and intelligent processing [10][11] - The acquisition aims to integrate resources across strategic development, business layout, and financial management, thereby increasing market competitiveness and profitability [11] Group 6: Share Transfer and Future Products - The company has received the first installment of the share transfer payment for the 53% stake in Fokexima and completed the necessary registration changes [13] - The release date for the next-generation game console is pending official announcements from the brand, while current production of game console components is reported to be normal [14]

了 dianba 创业板投资风险提示：本次发行股票拟在创业板上市，创业板公司具有创新投入大、新 旧产业融合存在不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等 特点，投资者面临较大的市场风险。投资者应充分了解创业板的投资风险及本公司所 披露的风险因素，审慎作出投资决定。 深圳市致尚科技股份有限公司 （注册地址：深圳市光明区马田街道马山头社区致尚科技园 A 栋一层） 首次公开发行股票并在创业板上市 招股说明书 保荐人（主承销商） 深圳市南山区粤海街道海珠社区滨海大道 3165 号五矿金融大厦 2401 深圳市致尚科技股份有限公司 招股说明书 重要声明 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。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险 ...

了 dianba 创业板投资风险提示：本次发行股票拟在创业板上市，创业板公司具有创新投入大、新 旧产业融合存在不确定性、尚处于成长期、经营风险高、业绩不稳定、退市风险高等 特点，投资者面临较大的市场风险。投资者应充分了解创业板的投资风险及本公司所 披露的风险因素，审慎作出投资决定。 深圳市致尚科技股份有限公司 （注册地址：深圳市光明区马田街道马山头社区致尚科技园 A 栋一层） 首次公开发行股票并在创业板上市 招股说明书 （注册稿） 声明：本公司的发行申请尚需经深圳证券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。 保荐人（主承销商） 深圳市南山区粤海街道海珠社区滨海大道 3165 号五矿金融大厦 2401 二〇二三年三月 深圳市致尚科技股份有限公司 招股说明书 重要声明 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 ...