Summary of Key Points Core Viewpoint - The Hong Kong Stock Exchange reported that during the week of July 21 to July 27, a total of 9 companies submitted applications, 1 company passed the hearing, and 1 new stock was listed. Company Summaries - **GoerTek Inc.**: Submitted an application on July 21, focusing on smart sensing interaction solutions, particularly acoustic sensors. It is the fifth largest global provider in this sector with a market share of 2.2% and the largest in China. Revenue for 2022 to 2024 was approximately RMB 31.21 billion, RMB 30.01 billion, and RMB 45.36 billion respectively, with net profits of RMB 3.26 billion, RMB 2.89 billion, and RMB 3.09 billion [2][2]. - **Guangdong Tianyu Semiconductor Co., Ltd.**: Submitted an application on July 22, specializing in silicon carbide epitaxial wafers. It holds the top position in China's market with a revenue market share of 30.6%. Revenue for 2022 to 2024 was approximately RMB 4.37 billion, RMB 11.71 billion, and RMB 5.2 billion respectively, with net profits of RMB 281.4 million, RMB 95.88 million, and a loss of RMB 500 million [3][3]. - **Daheng Technology (Shenzhen) Co., Ltd.**: Submitted an application on July 22, known for its folding bicycles, holding a market share of 26.3% in volume and 36.5% in revenue in China. Revenue for 2022 to 2024 was approximately RMB 2.54 billion, RMB 3 billion, and RMB 4.51 billion respectively, with net profits of RMB 314.34 million, RMB 34.85 million, and RMB 52.29 million [4][4]. - **Juzhi Technology Development Co., Ltd.**: Submitted an application on July 23, focusing on baby monitoring products. Revenue for 2022 to 2024 was approximately RMB 1.90 billion, RMB 3.48 billion, and RMB 4.62 billion respectively, with net profits of RMB 34.82 million, RMB 63.36 million, and RMB 94.69 million [5][6]. - **Jiangsu Zhonghui Yuantong Biotechnology Co., Ltd.**: Submitted an application on July 24, specializing in vaccines. Revenue for 2023 to 2025 was approximately RMB 52.17 million, RMB 260 million, and RMB 410,000 respectively, with net losses of RMB 425 million, RMB 259 million, and RMB 87.32 million [7][7]. - **Fujian Lemo IoT Technology Co., Ltd.**: Submitted an application on July 25, a leader in smart massage services in mainland China, with a market share of 33.9% to 42.9% from 2022 to 2024. Revenue for 2022 to 2024 was approximately RMB 3.30 billion, RMB 5.87 billion, and RMB 7.98 billion respectively, with net profits of RMB 6.48 million, RMB 87.34 million, and RMB 85.81 million [8][8]. - **Anhui Jinyan High Clay New Materials Co., Ltd.**: Submitted an application on July 25, specializing in kaolin materials with a market share of 19.1%. Revenue for 2022 to 2024 was approximately RMB 1.90 billion, RMB 2.05 billion, and RMB 2.67 billion respectively, with net profits of RMB 24.42 million, RMB 43.61 million, and RMB 52.60 million [9][9]. - **Shandong Shengruan Technology Co., Ltd.**: Submitted an application on July 26, providing digital solutions for energy and manufacturing sectors. Revenue for 2022 to 2024 was approximately RMB 3.91 billion, RMB 5.02 billion, and RMB 5.25 billion respectively, with net profits of RMB 37.60 million, RMB 53.70 million, and RMB 59.30 million [10][10]. - **AIWB Inc.**: Submitted an application on July 25, focusing on smart building solutions in Texas. Revenue for 2022 to 2024 was approximately USD 103 million, USD 121 million, and USD 105 million respectively, with net losses of USD 347,000, USD 620,000, and USD 531,000 [11][11]. Company Hearing and IPO - **Jiangsu Zhonghui Yuantong Biotechnology Co., Ltd.**: Passed the hearing on July 27, focusing on innovative vaccines with two core products. Revenue for 2023 to 2025 was approximately RMB 52.17 million, RMB 260 million, and RMB 410,000 respectively, with net losses of RMB 425 million, RMB 259 million, and RMB 87.32 million [12][12]. - **Vili Zhibo-B (09887.HK)**: Launched an IPO from July 17 to July 22, with a subscription rate of 3494.78 times in the public offering. The stock began trading on July 25 at HKD 67.10, a 91.71% increase [13][14].

Group 1: Company Listings - LeMo IoT submitted its second listing application to the Hong Kong Stock Exchange (HKEX) on July 25, 2023, after a previous application lapsed in January 2025. The company is a leading provider of smart massage services in mainland China, with a market share of 33.9%, 37.3%, and 42.9% from 2022 to 2024 [1] - Jinyan High-Tech also submitted a listing application to HKEX on July 25, 2023, after a previous attempt in January 2025. The company specializes in coal-based kaolin and is the largest producer of precision casting materials in China, holding a market share of 19.1% as of 2024 [2] - Shengruan Technology submitted its second listing application to HKEX on July 25, 2023, following a lapsed application in January 2025. The company provides integrated digital solutions for large and medium-sized energy enterprises and public management institutions [3] - Shouchuang Securities announced its plan to issue H-shares and list on HKEX, aiming to become the 14th member of the "A+H" brokerage group. The company is currently listed on the A-share market and seeks to expand its financing channels through this move [4] Group 2: Market Context - The Hong Kong stock market is experiencing volatility, with the Hang Seng Index down by 1.09% to 25,388.35 points, the Hang Seng Tech Index down by 1.13% to 5,677.90 points, and the National Enterprises Index down by 1.16% to 9,150.49 points as of July 25, 2023 [6]

Group 1 - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 10 companies, including Keta Technology Co., Ltd., which is seeking to list on the Hong Kong Stock Exchange [1][2] - Keta Technology is required to clarify the actual use of its Value-Added Telecommunications Business Operating License and its current cancellation progress, as well as any significant adverse impact on its business operations [1][2] - The company is recognized as a leader in the smart parking space operation industry in China, leveraging artificial intelligence and data to drive urban parking digital transformation [3] Group 2 - Keta Technology has developed into a comprehensive parking industry group that integrates intelligent solutions, management, and operations since its establishment in 2006 [3] - According to a report by Zhaoshang Consulting, Keta Technology is one of the earliest companies in China to achieve a fully controllable stack of hardware, algorithms, platforms, and ecosystems in the smart parking space operation industry [3] - Based on projected revenue for 2024, Keta Technology ranks second in the Chinese smart parking space operation industry [3]

Group 1 - The core event is the "Digital Empowerment for SMEs" forum and brand upgrade launch by Guangdong Zhongzhi Holdings Group, scheduled for June 21, 2025, in Guangzhou, aimed at promoting the high-quality development of SMEs through digital transformation [1] - The forum will focus on exploring digital solutions for SMEs, addressing operational pain points, and providing financial support to ensure sustainable development [1] - A new specialized fund will be announced during the event to inject financial resources into SMEs, facilitating their growth and resilience through economic cycles [1] Group 2 - Guangdong Zhongzhi Holdings Group operates with a dual headquarters model in Guangdong and Hainan, leveraging local industrial strengths and free trade policies to build a nationwide service network [2] - The brand upgrade aligns with national digital economy policies and aims to enhance service capabilities across four core business areas: technology, investment, finance and taxation, and culture [2] - The upgraded group will focus on providing high-quality lifecycle services to SMEs, promoting standardized operations, AI management, and cost reduction, thereby leading the digital transformation of Chinese SMEs [2]