Core Viewpoint - Zhuhai Jingzhi Measurement and Control Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and浦银国际 as joint sponsors [1] Company Overview - Jingzhi Measurement and Control is a provider of flexible manufacturing solutions that integrates measurement, control, and AI technology, focusing on industrial and consumer applications [3] - The company has over ten years of experience in measurement and control technology, with capabilities spanning from sensor data acquisition to algorithm analysis and equipment integration [3] - It is the second-largest provider of PCBA functional and performance testing equipment and services in the domestic consumer electronics sector, and ranks among the top ten comprehensive solution providers for intelligent measurement and control equipment in China under the ODM model [3] Business Expansion - The company is actively expanding its applications in the consumer sector to create a second growth curve, aiming to build an intelligent flexible manufacturing technology platform for end consumers [4] - It plans to leverage third-party business and technology partnerships to enhance consumer experiences through personalized and participatory offerings [4] - The company has established six R&D centers and five manufacturing bases globally, covering approximately 20 countries and regions [4] Financial Performance - The company reported revenues of approximately RMB 567.74 million, RMB 698.19 million, RMB 862.95 million, and RMB 289.70 million for the years 2022, 2023, 2024, and the first half of 2025, respectively [5][6] - The net profit/loss for the same periods was approximately RMB 71.37 million, RMB 18.07 million, RMB 59.58 million, and a loss of RMB 118.42 million for the first half of 2025 [5][6]