Core Insights - The 8th China International Import Expo (CIIE) opened in Shanghai on November 5, 2025, showcasing the professional service capabilities of Lixin Accounting Firm in the fields of digital intelligence and internationalization [1] - Lixin's Chairman, Zhu Jiandi, emphasized the firm's commitment to national strategies and global integration, highlighting the maturity of their overseas service and cross-border collaboration capabilities [1] - A strategic cooperation framework agreement was signed between Frank Technology and Lixin Accounting Firm during the expo, aiming to support Frank's overseas business expansion [1] Group 1 - Lixin Accounting Firm participated in the CIIE with the theme "Bravely Standing at the Forefront of Digital Intelligence, Connecting Global Opportunities" [1] - The firm aims to leverage its experience in the Chinese market to assist enterprises in developing and optimizing strategies in diverse markets [1] - Lixin plans to enhance its professional services globally by upgrading technology, talent, standards, and resources through the BDO global integrated network [1] Group 2 - Frank Technology, a specialized company in metalworking fluids, has established overseas manufacturing and local sales [1] - The partnership with Lixin is intended to provide systematic support for Frank's globalization process [1] - Frank plans to further expand its manufacturing capacity and sales share in overseas markets [1]

Core Viewpoint - The article discusses the recent IPO counseling registrations of four companies in China, highlighting their business focus, previous IPO attempts, and financial performance. Group 1: Company Overview - Zhejiang Pengfulong Technology Co., Ltd. (Pengfulong) has initiated its third attempt at an IPO after two previous unsuccessful attempts. The company focuses on special polymers and related applications, with a registered capital of 50.32 billion CNY [4][3]. - Hangzhou Zhongxin Wafer Semiconductor Co., Ltd. (Zhongxin Wafer) has shifted its IPO application from the Sci-Tech Innovation Board to the Beijing Stock Exchange after failing to list in 2022. The company reported a revenue of 13.5 billion CNY in 2024, with a 7% year-on-year growth, but has not yet achieved profitability [7][11]. - Shanxi Tengmao Technology Co., Ltd. (Tengmao Technology) is reapplying for an IPO on the Beijing Stock Exchange after previously withdrawing its application. The company specializes in refining catalysts and has shown strong revenue growth [14][15]. - Frank Technology (Shenzhen) Co., Ltd. (Frank) is preparing for an IPO on the Beijing Stock Exchange, reporting a net profit of 38.35 million CNY in the first half of 2025, marking a 99.3% year-on-year increase [17][18]. Group 2: Financial Performance - Pengfulong's revenue from 2019 to 2022 showed a steady increase, with figures of 2.31 billion CNY, 2.73 billion CNY, 3.41 billion CNY, and 1.23 billion CNY respectively, while net profits were 20.06 million CNY, 66.14 million CNY, 70.82 million CNY, and 29.35 million CNY [5]. - Zhongxin Wafer reported revenues of 13.35 billion CNY and 12.6 billion CNY for 2023 and 2024, respectively, with significant losses of 9.31 billion CNY and 7.29 billion CNY [11]. - Tengmao Technology achieved a revenue of 2.47 billion CNY in 2024, with a net profit of 52.97 million CNY. In the first half of 2025, the company reported a revenue of 1.41 billion CNY, a 40.22% increase year-on-year, and a net profit of 33.70 million CNY, up 48.76% [15]. - Frank's financials indicate a revenue of 840.3 million CNY in 2024 and a net profit of 52.82 million CNY, with a revenue of 446.7 million CNY in the first half of 2025, reflecting a 14.49% year-on-year growth [18].