Core Viewpoint - The company, Xinguodu, is set to go public on the Hong Kong Stock Exchange, marking its strategic move to establish a dual listing in both A-share and H-share markets, enhancing its global presence in the payment technology sector [1] Group 1: Business Overview - Founded in 2001, Xinguodu is a leading player in the full payment technology industry chain in China, having developed the first generation of large-screen wireless POS machines and being one of the four global suppliers designated by China UnionPay [1] - Xinguodu's subsidiary, Jialian Payment, is a leading bank card acquiring institution in China, achieving transaction volumes exceeding 1 trillion RMB for six consecutive years [2] - The company has actively pursued an overseas expansion strategy, launching the cross-border payment brand PayKKa, leveraging over 20 years of industry experience to enhance its brand recognition and influence [1][2] Group 2: Financial Performance - Xinguodu has become a global leader in payment device revenue, with cumulative sales exceeding 50 million units over the past 15 years, and over 95% of its payment hardware revenue now comes from overseas markets [2] - Since 2018, Jialian Payment has seen rapid growth in revenue and transaction volume, consistently surpassing 1 trillion RMB in total payment volume (TPV) for six years, serving over 20 million merchants [2] - The company’s SaaS product, Jialian Cloud Store, has expanded to over 100,000 merchants, with peak daily transactions exceeding 850,000 [3] Group 3: Strategic Initiatives - The company is transitioning from a traditional payment service provider to a comprehensive digital payment solution provider, achieving significant results in this transformation [3] - Xinguodu's overseas sales revenue for its payment device segment reached 533 million RMB in the first half of 2025, marking a year-on-year growth of 22.02%, with high-end markets in Europe, America, and Japan seeing revenue growth of over 80% [3] - The upcoming listing on the Hong Kong Stock Exchange is aimed at deepening the company's global strategy, accelerating overseas business expansion, and enhancing its international market competitiveness [3][4]