Company Overview - Shenzhen Huake Precision Industry Co., Ltd. was established in 2004 and focuses on the research, production of precision metal and plastic components, connectors, and precision stamping and injection molds, with applications in communication, automotive, medical, industrial control, and consumer electronics sectors [1][2]. - The legal representative of the company is Du Liuxue [1]. Shareholding Structure - As of the report date, Shenzhen Huake Precision Holdings Co., Ltd. directly holds 28.5 million shares, representing a 41.56% stake, making it the controlling shareholder of the company [1][2]. IPO Guidance Status - On January 29, 2026, the China Securities Regulatory Commission disclosed that Guotai Junan Securities has submitted the "Guidance Filing Report for the Initial Public Offering and Listing of Shenzhen Huake Precision Industry Co., Ltd." The current guidance status is "Guidance Filing" [1]. - The guidance agreement was signed on January 19, 2026, with Guotai Junan Securities as the guiding institution, Guangdong Huashang Law Firm as the legal advisor, and Zhongshen Zhonghuan Accounting Firm (Special General Partnership) as the accounting firm [3][4]. Guidance Process - The guidance process includes several stages: - Preliminary stage involves due diligence and developing a specific guidance plan based on the company's situation, with regular coordination meetings among intermediary institutions [4]. - During the guidance phase, training sessions will be conducted for the personnel of the company, covering capital market fundamentals, legal regulations, and internal control systems [6]. - The post-guidance phase focuses on preparing the application documents for the initial public offering and ensuring compliance with regulatory requirements [6].

Group 1: Company Strategy and Market Positioning - The company aims to become the preferred partner in the semiconductor display industry, focusing on enhancing core competitiveness and comprehensive strength through sustainable development and supply chain integration [2][3] - The "Dual Base Strategy" in Vietnam includes a backlight display module base in Bắc Ninh and a precision component base in Ho Chi Minh City, aimed at establishing a vertical industry chain in Southeast Asia [3] Group 2: Share Buyback Activities - As of February 8, 2024, the company repurchased 2,282,700 shares at a maximum price of 18.533 CNY/share and a minimum price of 8.904 CNY/share, totaling 29,997,240.57 CNY [4] - By May 6, 2024, the company had repurchased 7,166,850 shares at a maximum price of 15.88 CNY/share and a minimum price of 11.45 CNY/share, totaling 100,008,088.12 CNY [5] - As of June 30, 2025, the company repurchased 4,961,600 shares at a maximum price of 15.20 CNY/share and a minimum price of 12.85 CNY/share, totaling 70,568,855.04 CNY [5] Group 3: Financial Performance - In the first half of 2025, the company achieved revenue of 1.554 billion CNY, a 50.84% increase from 1.030 billion CNY in the same period last year [6] - The net loss narrowed to 26.45 million CNY from 65.97 million CNY year-on-year, indicating a 59.91% improvement [6] - The net cash flow from operating activities turned positive, reaching 112 million CNY compared to a negative 172 million CNY in the previous year, a 165.54% improvement [6] Group 4: Product Development and Innovation - The company has registered a total of 418 patents, including 108 invention patents, with 8 new patents registered in the first half of 2025 [8] - The innovative anti-peeping light guide plate technology received recognition as a "Special Contribution Project" in the optical electronics industry [8] - The company is advancing in the automotive display and Mini-LED sectors, focusing on high-end features such as anti-peeping, curved, and ultra-thin displays [7] Group 5: Subsidiary Overview - The company holds a 30% stake in Chengdu Tuowei High-tech Optoelectronics Technology Co., Ltd., which provides comprehensive services for AMOLED metal mask plates [9] - Chengdu Tuowei serves major OLED panel manufacturers, enhancing domestic capabilities in precision regeneration and manufacturing technology [9]