Core Viewpoint - Rongda Hezhong Technology Group has successfully passed the Hong Kong Stock Exchange listing hearing and is set to enter the capital market, focusing on automatic identification data collection (AIDC) devices and solutions [1]. Financial Performance - The company's revenue from 2022 to 2024 is projected to be RMB 393.27 million, RMB 348.75 million, and RMB 350.06 million respectively, showing a slight decline in 2023 before stabilizing in 2024 [2]. - Gross profit for the same period is RMB 89.86 million, RMB 85.46 million, and RMB 99.37 million, indicating a recovery in 2024 [2]. - Operating profit is expected to be RMB 43.78 million, RMB 31.00 million, and RMB 46.74 million, with net profit figures of RMB 37.45 million, RMB 27.60 million, and RMB 41.35 million respectively [2][3]. - Adjusted net profit margins are projected at 11.6%, 10.4%, and 14.2% for the years 2022, 2023, and 2024 [2]. Cash Flow and Dividends - The net cash from operating activities is RMB 60.44 million, RMB 24.52 million, and RMB 54.63 million over the three years, while cash and cash equivalents at the end of 2024 are expected to be only RMB 7.61 million, indicating tight cash flow [3]. - Dividends declared to shareholders during this period are RMB 5 million, RMB 35 million, and RMB 31.5 million, which may contribute to the decrease in cash and cash equivalents [3]. Shareholding Structure - The company has a concentrated shareholding structure, with key executives controlling approximately 93% of the shares, primarily through Xiamen Rongxin and other holding platforms [4]. - Major shareholders include Xu Kaiming and Xu Kaihe, who control 39.77% and 47.81% of the shares respectively, while other shareholders hold smaller stakes [5]. Market Position and Future Outlook - The upcoming listing is expected to provide new development opportunities and challenges for the company, potentially enhancing its market position and accelerating technological innovation and business expansion [5].