Core Viewpoint - The company, Huagong Technology, plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy, increase international visibility, diversify financing channels, and optimize its capital structure [2]. Group 1: H-Share Issuance and Listing - On October 24, Huagong Technology announced its intention to issue H-shares and apply for listing on the Hong Kong Stock Exchange [2]. - The board of directors approved the proposal with a unanimous vote of 9 in favor, while the supervisory board also approved it with a unanimous vote of 5 [2]. - The company is currently discussing the details of the issuance and listing, which have not yet been finalized [2]. Group 2: Financial Performance - In Q3 2023, Huagong Technology reported a revenue of 3.409 billion yuan, a year-on-year decrease of 10.33%, while the net profit attributable to shareholders was 410 million yuan, an increase of 31.15% [3]. - For the first three quarters of 2023, the company achieved a revenue of 11.038 billion yuan, a year-on-year increase of 22.62%, and a net profit of 1.321 billion yuan, up 40.92% year-on-year [3]. - The increase in inventory by 30.26% year-on-year is attributed to strategic stocking in response to order growth and fluctuations in raw material supply [3].