Core Viewpoint - Juhe Materials (688503.SH) is planning to issue overseas shares (H-shares) and list on the Hong Kong Stock Exchange to enhance its global development strategy and brand influence while optimizing its capital structure and financing channels [2]. Company Overview - Juhe Materials specializes in the research, production, and sales of new electronic pastes, primarily conductive pastes for photovoltaic cells [2]. - As of November 4, the company's total market capitalization is 13.4 billion yuan [2]. Financial Performance - In 2024, Juhe Materials achieved operating revenue of 12.488 billion yuan, a year-on-year increase of 21.35%, while net profit attributable to shareholders decreased by 5.45% to 418 million yuan [6]. - For the first three quarters of 2025, the company reported operating revenue of 10.641 billion yuan, an increase of 8.29% year-on-year, but net profit attributable to shareholders fell by 43.24% to 239 million yuan [7]. Leadership and Compensation - Liu Haidong, the actual controller and chairman of the company, received a pre-tax compensation of 8.9051 million yuan in 2024, a decrease of 40.7% compared to 15.0057 million yuan in 2023 [4].