Group 1: IPO Applications - The China Securities Regulatory Commission (CSRC) accepted IPO applications for several companies including Dazhu CNC, Kaijie E-commerce, Shenyang Intelligent, and Hemei Pharmaceutical for listing on the Hong Kong Stock Exchange [1][3] - The report covers the period from December 1 to December 6, 2025, indicating a growing trend of domestic companies seeking overseas listings [1] Group 2: Company Profiles - Dazhu CNC specializes in PCB (Printed Circuit Board) production equipment solutions, serving various downstream industries such as server and data storage, automotive electronics, mobile phones, computers, and consumer electronics [3][4] - Kaijie E-commerce provides comprehensive and customized digital retail solutions to brand owners, enhancing their e-commerce infrastructure and driving online sales [4] - Hemei Pharmaceutical, established in 2002, focuses on discovering and developing small molecule drugs for autoimmune diseases and tumors, with expertise in Psoriasis, Behçet's Disease, and Inflammatory Bowel Disease [4] - Shenyang Intelligent is a decision-making AI technology company, ranked first in China's marketing and sales decision-making AI application market with a market share of 2.6% as of 2024 [4]

Core Insights - The China Securities Regulatory Commission (CSRC) has accepted the IPO applications of several companies for listing on the Hong Kong Stock Exchange from December 1 to December 6, 2023 [1] Group 1: Company Summaries - Dazhu CNC Technology Co., Ltd. specializes in PCB (Printed Circuit Board) production equipment solutions, serving various downstream industries such as server and data storage, automotive electronics, mobile phones, computers, and consumer electronics [3] - Shanghai Kaijie E-commerce Co., Ltd. provides comprehensive and customized digital retail solutions to brand owners, helping them establish e-commerce infrastructure and enhance operational efficiency across the entire e-commerce ecosystem [4] - Beijing Shenyuan Intelligent Technology Co., Ltd. is a decision-making AI technology company, ranked first in China's marketing and sales decision-making AI application market with a market share of 2.6% as of 2024 [4] - Ganzhou Hemei Pharmaceutical Co., Ltd. is a biopharmaceutical company focused on discovering and developing small molecule drugs for autoimmune diseases and tumors, with expertise in Psoriasis, Behçet's Disease, Inflammatory Bowel Disease, and chemotherapy development [4]

中国已成为全球数字零售行业的领导者，2024年我国网民数量已达到11亿人，网购人数高达9.74亿人， 为数字零售市场注入强劲动力。这个市场中不仅有淘宝、京东、拼多多等电商平台，还有宝尊电商、若 羽臣等做数字零售解决方案的公司，如今又有该领域企业冲击IPO。 凯诘电商以电商综合服务为基础，致力于为品牌提供个性化的线上营销解决方案和一站式服务，如今这 个行业的生意好做吗？不妨通过凯诘电商来一探究竟。 格隆汇获悉，近日，上海凯诘电子商务股份有限公司（简称"凯诘电商"）向港交所递交招股书，拟在香 港主板上市，独家保荐人为中信建投国际。 超9成收入来自货品销售，面临去中介化风险 凯诘电商为品牌拥有人提供全面且定制的数字零售解决方案，协助品牌方有效率建立电商基础架构，并 推动线上销售，进而提升营运效率并加速业务成长。 公司通过以下主要渠道提供品牌电商服务：在天猫、京东和拼多多等主要平台上的在线授权旗舰店及其 他品牌商城；美团及饿了么等O2O平台；以及抖音、微信小程序和小红书等社交媒体平台。 一般而言，公司会向品牌拥有人采购产品，并将产品销售给终端消费者、电商平台或分销合 作伙伴。 同时，公司也为品牌拥有人提供流量获取与品 ...

凯诘电商是一家数字零售解决方案供应商，为品牌拥有人提供全面的定制化数字零售解决方案，旨在帮 助他们建立电商基础架构、推动线上销售、提升运营效率并加速业务增长。其解决方案覆盖电商生态系 统的整个价值链，包括品牌定位、产品开发咨询、零售运营、渠道管理、营销推广、履单以及数据与信 息技术服务。根据灼识咨询资料，按2024年GMV计，该公司是中国第五大数字零售解决方案提供商(市 场份额1%)，同时也是最大的O2O数字零售解决方案提供商。 凯诘电商已递表港交所主板，由中信建投（601066）国际独家保荐。 ...

Core Viewpoint - Shanghai Kaijie E-commerce Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] Company Overview - Kaijie E-commerce is a digital retail solution provider that offers comprehensive and customized solutions to brand owners, helping them efficiently establish e-commerce infrastructure and drive online sales [1] - The company's solutions cover the entire value chain of the e-commerce industry ecosystem, including brand positioning, product development consulting, retail operations, channel management, marketing promotion, order fulfillment, and data and IT services [1] Market Position - According to data from Zhi Shi Consulting, Kaijie E-commerce is the fifth largest digital retail solution provider in China by GMV in 2024, holding a market share of 1% [1] - It is also recognized as the largest O2O digital retail solution provider in the country [1]

智通财经APP获悉，据港交所11月28日披露，上海凯诘电子商务股份有限公司(简称：凯诘电商)递表港 交所主板，中信建投国际为独家保荐人。招股书显示，作为数字零售解决方案供应商，凯诘电商为品牌 拥有人提供全面且定制的数字零售解决方案，协助品牌拥有人有效率地建立电子商务基础架构，并推动 线上销售，进而提升营运效率并加速业务成长。解决方案覆盖电商行业生态系统的整个价值链，包括品 牌定位、产品开发咨询、零售运营、渠道管理、营销推广、履单以及数据及信息技术服务。根据灼识谘 询的资料，按2024年的GMV计，该公司是中国第五大数字零售解决方案提供商(市场份额为1%)及最大 的O2O数字零售解决方案提供商。 | 壽纂]的[編纂]數目 : [編纂]股H股(視乎[編纂] | | --- | | 行使與否而定) | | [編纂]數目 . [編纂]股H股(可予[編纂]) | | [ 編纂]數目 :「編纂】股H股(可予[編纂]及 | | 視乎[編纂]行使與否而定) | | [編纂] : 每股H股[編纂]港元,另加1.0%經紀 | | 佣金、0.0027% 證監會交易徵費、 | | 0.00565% 聯交所交易費及0.00015% | ...

Core Viewpoint - Shanghai Kaijie E-commerce Co., Ltd. (referred to as Kaijie E-commerce) submitted its Hong Kong IPO application on May 28, which has now expired after six months on November 28, with CITIC Securities International as the sole sponsor [1]. Group 1: Company Overview - Kaijie E-commerce is a leading digital retail solutions provider in China, dedicated to offering comprehensive digital retail solutions for global premium brands [2]. - The company's solutions cover the entire value chain of the e-commerce industry ecosystem, including brand positioning, product development consulting, retail operations, channel management, marketing promotion, order fulfillment, and data and IT services [2]. - According to ZhiShi Consulting, based on GMV in 2024, Kaijie E-commerce ranks as the fifth largest digital retail solutions provider in China and the largest O2O digital retail solutions provider [2]. Group 2: Client Base and Market Position - The company has served over 200 brands, including more than 100 international brands [2]. - In 2024, its brand partners span various industries, including food and beverage, beauty and personal care, baby products, trendy toys, pet care, health, outdoor sports, and chain enterprises [2]. - Nearly 50% of its brand partners are from Fortune 500 fast-moving consumer goods companies [2].

上海凯诘电子商务股份有限公司(简称：凯诘电商)于5月28日所递交的港股招股书满6个月，于11月28日失效，递表时中信建投国际为独家保荐人。 招此前股书显示，凯诘电商是一家中国领先的数字零售解决方案提供商，致力于为全球优质品牌提供全链路及全渠道的数字零售解决方案。解决方案覆盖电 商行业生态系统的整个价值链，包括品牌定位、产品开发咨询、零售运营、渠道管理、营销推广、履单以及数据及信息技术服务。根据灼识咨询的资料，按 2024年的GMV计，该公司是中国第五大数字零售解决方案提供商及最大的O2O数字零售解决方案提供商。 据悉，该公司已服务超过200家品牌，其中包括超过100个国际品牌。于2024年，品牌合作伙伴涵盖食品与饮料、美妆与个人护理、婴童、潮玩、宠物、健康 及户外运动行业以及连锁企业。品牌合作伙伴包括近50%的财富500强快速消费品公司。 | | 28/05/2025 整體協調人公告 - 委任 歴 | | --- | --- | | 28/05/2025 | 上海凱詰電子商務股份有限公司 28/05/2025 申請版本（第一次呈交） 全文檔案 [四] 多檔案〉 | ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of SHANGHAI KEYING E-COMMERCE CO., LTD. 上海凱詰電子商務股份有限公司 (the "Company") (A joint stock company incorporated in the Peop ...

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has requested Shanghai Kaijie E-commerce Co., Ltd. (Kaijie E-commerce) to provide supplementary information regarding its previous listing attempts and current plans for A-share listing, amid a backdrop of declining financial performance [1][2][3]. Financial Performance - Kaijie E-commerce reported revenues of approximately 1.829 billion yuan, 1.723 billion yuan, and 1.699 billion yuan for the years 2022, 2023, and 2024, respectively, indicating a continuous decline in revenue [4]. - The company's net profits for the same years were approximately 86 million yuan, 68 million yuan, and 60 million yuan, also reflecting a downward trend [4]. - Revenue from the top five customers accounted for 20.8%, 25.1%, and 26.6% of total revenue in 2022, 2023, and 2024, respectively [4]. - The largest customer contributed 16.7%, 18.6%, and 21.7% of total revenue for the years ending December 31, 2022, 2023, and 2024, respectively [4]. Listing and Regulatory Requirements - The CSRC has mandated Kaijie E-commerce to clarify its previous listing attempts on the National Equities Exchange and Quotations (NEEQ) and the reasons for its withdrawal from the A-share listing process [2][3]. - The company had previously listed on the NEEQ in May 2016 and voluntarily delisted in May 2019, with two subsequent A-share listing applications being withdrawn [3]. - The CSRC requires a legal opinion on whether the proposed shareholders' shares are subject to any pledges, freezes, or other rights defects [3]. Business Operations and Strategy - Kaijie E-commerce is a digital retail solution provider, ranked as the fifth largest in China by GMV in 2024 and the largest O2O digital retail solution provider [4]. - The company aims to use the funds raised from its listing for strategic business expansion, innovation, upgrading digital capabilities, strengthening its technical team and infrastructure, and expanding overseas, particularly in Southeast Asia and Europe [5].