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从北证撤回到港股交表,做电视盒的华曦达这次披上了AI外衣
Hua Er Jie Jian Wen· 2025-06-03 01:46
但在北交所上市材料中,华曦达的AI Home设备产品表述为"数字视讯"。 事实上,AI Home设备正是指向了电视盒、投影仪等。 全球市场中,每卖出100块大尺寸电视面板,就会有近7成源自中国。 但或许很多人不知道的是,类似机顶盒的电视盒子也基本都是中国制造。 以2024年销量计,深圳市华曦达科技股份有限公司(下称"华曦达")是全球最大的Android TV智能终端(包括电视盒等)供应商。 华曦达已向港交所递交了IPO申请,这也是其二度迈出上市步伐。 2023年,华曦达曾向北交所递交上市申请,但最终主动撤回了材料。 与前度IPO相比,华曦达对自身业务定位的描述发生了较大的变化。 此番IPO,华曦达打出的牌是"AI Home"概念,产品涵盖了AI Home设备和相关基础设施、系统平台等。 电视盒是华曦达核心产品,其所斩获的112项Android TV认证项目中,110项均与电视盒有关,仅有零星项目涉及投影仪。 这或许都给华曦达的AI故事带来考验。 华曦达的股东阵容颇为亮眼,腾讯、立讯精密分别持有其3.13%、2.09%的股份。 AI成色待考 此番港股IPO,华曦达将自身定位为一家AI公司。 招股书显示,华曦达围 ...
华曦达港股IPO:频繁变更主办券商、会计差错更正、遭到监管警示
Xin Lang Zheng Quan· 2025-05-27 03:34
Core Viewpoint - Huaxida, a former New Third Board listed company, has submitted a listing application to the Hong Kong Stock Exchange after previously failing to go public in the A-share market due to significant declines in net profit and questions regarding the authenticity and sustainability of its rapid growth [1][5][8]. Group 1: Company Background - Established in 2003, Huaxida is a leading provider of smart home ecosystem solutions, focusing on hardware and software solutions for global clients [2]. - According to Frost & Sullivan, Huaxida ranks as the eighth largest provider of enterprise-level AI home solutions globally and the third largest in China, with over 90% of its sales coming from overseas [2]. Group 2: IPO Attempts and Challenges - Huaxida's journey to go public has faced multiple setbacks, including a failed attempt to list on the New Third Board in 2020 and a subsequent withdrawal of its A-share IPO application in early 2024 after facing regulatory scrutiny [3][8]. - The company experienced significant revenue growth from 2020 to 2022, with revenue increasing from 683 million yuan to 2.529 billion yuan and net profit rising from 49 million yuan to 251 million yuan, achieving compound annual growth rates of 54.71% and 72.38% respectively [5]. Group 3: Financial Performance and Concerns - In 2023, Huaxida's revenue decreased by 6.39% to 2.367 billion yuan, and net profit fell by 23.78% to 191 million yuan, indicating a troubling trend of "increased revenue without increased profit" [8]. - The company faced repeated regulatory inquiries regarding the authenticity of its revenue growth and the nature of its transactions with related parties, particularly concerning its largest customer, Wisdom Media, which is controlled by the family of Huaxida's vice president [5][6][7]. Group 4: Regulatory Issues and Disclosures - Huaxida has been subject to regulatory warnings for failing to disclose related party transactions and for multiple accounting errors, leading to administrative penalties from the Shenzhen Securities Regulatory Bureau [6][9]. - The company has also faced scrutiny over its frequent changes in lead underwriters during its IPO attempts, raising questions about the integrity of its financial disclosures [9][10].