Group 1 - The core viewpoint of the article is that Huafu Yang, a supply chain service provider, has submitted a prospectus for an IPO on the Hong Kong Stock Exchange, with Agricultural Bank of China International as the sole sponsor [2] - Huafu Yang, established in 2001, has over 20 years of experience in cross-border supply chain services, primarily for electronic products, especially integrated circuits, covering over 40 vertical industries [2] - The company's revenue and profit figures from 2022 to 2024 show fluctuations, with revenues of 253 million, 221 million, and 235 million yuan, and profits of 86.99 million, 83.61 million, and 85.53 million yuan respectively [2] Group 2 - Huafu Yang has implemented significant cash dividends totaling 524 million yuan from 2022 to 2024, with 210 million yuan in 2023 and 314 million yuan in 2024, exceeding the net profits during the same period [2] - The total dividends distributed during the IPO period account for 41.1% of the company's cumulative profits over its 23-year history [2] - The actual controllers of Huafu Yang, Feng Sujun and Yang Chun Kui, hold 76% of the shares through a family trust, indicating that the majority of the dividends will benefit their family [3] Group 3 - One of the major fundraising projects for the IPO is to supplement working capital, highlighting a strategy of large-scale dividend distribution alongside capital raising [4]