Core Viewpoint - Guangzhou Shiyuan Electronic Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, aiming for a main board listing, with Guotai Junan Securities and China International Capital Corporation as joint sponsors [1] Group 1: Company Overview - The company is a leader in intelligent control and holds a leading position in the global commercial display industry, particularly in the interactive smart panel sector for education and enterprise services [1] - The company's Seewo brand educational interactive smart panels lead the global market with a market share of 17.5% [1] - The MAXHUB brand conference interactive smart panels rank first in mainland China with a market share of 25.0% and second globally with a market share of 9.9% (by revenue) [1] - The company's LCD display main control board ranks first globally with a market share of 23.8%, supplying nine out of the top ten television brands globally by shipment volume in 2024 [1] Group 2: Financial Performance - The company's net profits for the fiscal years ending December 31 are projected to be 2.072 billion yuan for 2022, 1.370 billion yuan for 2023, and 0.971 billion yuan for 2024 [1]

Core Viewpoint - Company Visionox Technology Co., Ltd. (视源股份) has submitted an application for listing on the Hong Kong Stock Exchange, with CICC and GF Securities acting as joint sponsors [1] Market Position - In 2024, Company holds a leading position in multiple sectors, with a global market share of 23.8% in the liquid crystal display main control board market (by shipment volume) [1] - The Seewo brand's educational interactive smart panel leads the global market with a 17.5% market share (by revenue) [1] - The MAXHUB brand's conference interactive smart panel ranks first in the Chinese mainland market with a 25.0% market share (by revenue) and second globally with a 9.9% market share [1] Product and Service Offering - Company primarily provides smart terminals and applications, including interactive smart panels, other commercial display products, computers and peripherals, audio-visual equipment, and systems, along with control components [1] - Focused on education and enterprise service scenarios, the company has built an ecosystem that includes AI-driven software solutions [1] Global Operations - Company operates in over 100 countries and regions, utilizing a marketing model that combines direct sales with a global distribution network [1] - The company employs an ODM model for production, relying on over 35 global partner factories as of September 30, 2025, and has established a smart manufacturing base dedicated to interactive smart panels [1]

Core Viewpoint - Guangzhou Shiyuan Electronic Technology Co., Ltd. (referred to as Shiyuan) has submitted a listing application to the Hong Kong Stock Exchange for the second time in 2023, indicating its strong market position in the global LCD display control board market and interactive smart panel sectors [1] Group 1: Company Overview - Shiyuan is recognized as a leader in smart control and holds a prominent position in the global commercial display industry [1] - The company has established a market-leading position in the interactive smart panel sector aimed at education and enterprise services [1] Group 2: Market Position and Share - According to Frost & Sullivan, Shiyuan's Seewo brand is projected to lead the global market for educational interactive smart panels with a market share of 17.5% by 2024, based on revenue [1] - The MAXHUB brand, also under Shiyuan, is expected to hold a 25.0% market share in mainland China and a 9.9% share globally for conference interactive smart panels by 2024, based on revenue [1] - Shiyuan's LCD display control boards are anticipated to capture a 23.8% market share globally by 2024, based on shipment volume [1] - The company supplies LCD display control boards to nine out of the top ten television brands globally, ranked by shipment volume in 2024 [1]

Core Viewpoint - Guangzhou Shiyuan Electronic Technology Co., Ltd. (referred to as Shiyuan Co., 002841) has submitted a listing application to the Hong Kong Stock Exchange, marking its second application this year, with CICC and GF Securities as joint sponsors [1] Group 1: Company Positioning - Shiyuan Co. is a leader in the global liquid crystal display (LCD) main control board market and is recognized as a leader in smart control [1] - The company holds a leading position in the commercial display industry and has established a market-leading position in the interactive smart panel sector aimed at education and corporate services [1] Group 2: Market Share Data - According to Frost & Sullivan, in 2024, Shiyuan's Seewo brand educational interactive smart panel leads the global market with a 17.5% market share (by revenue) [1] - The MAXHUB brand conference interactive smart panel ranks first in mainland China with a 25.0% market share (by revenue) and second globally with a 9.9% market share (by revenue) [1] - Shiyuan's LCD main control board ranks first globally with a 23.8% market share (by shipment volume) in 2024, supplying nine out of the top ten television brands globally based on shipment volume [1]

香 港 聯 合 交 易 所 有 限 公 司 與 證 券 及 期 貨 事 務 監 察 委 員 會 對 本 申 請 版 本 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 作 任 何 陳 述，並 明 確 表 示 對 因 本 申 請 版 本 的 全 部 或 任 何 部 分 內 容 而 引 致 或因依賴本申請版本的全部或任何部分內容而引致的任何損失不負任何責任。 Guangzhou Shiyuan Electronic Technology Company Limited 廣州視源電子科技股份有限公司 （「本 公 司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警 告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）與證券及期貨事務監察委員會（「證監會」） 的要求而刊發，僅用作提供資訊予香港公眾人士。 本 申 請 版 本 為 草 擬 本，其 所 載 資 料 並 不 完 整，亦 可 能 會 作 出 重 大 變 動。 閣 下 閱 覽 本 文 件，即 代 表 閣下知悉、接納並向本公司、其聯席保薦人、整體協調人、顧問或包銷團成員表示同意： 本公司招股章程根據香港法例第32章《公 司 ...

Group 1 - The core viewpoint of the article is that Guangzhou Shiyuan Electronic Technology Co., Ltd. (referred to as Shiyuan Co., 002841) has submitted its Hong Kong IPO prospectus, which will expire six months after submission [1] - Shiyuan Co. is recognized as an expert in intelligent control technology and is one of the leading global commercial display device companies [1] - The company has established a leading market position in the interactive smart panel ("IFPD") and liquid crystal display ("LCD") main control board sectors, particularly in education and enterprise services [1] Group 2 - According to data from Frost & Sullivan, the company's MAXHUB brand conference interactive smart panel holds a 25.0% market share (by revenue) in mainland China, ranking first [1] - Globally, the MAXHUB brand ranks second with a market share of 9.9% (by revenue) [1]

Group 1 - The core viewpoint of the article is that Guangzhou Shiyuan Electronic Technology Co., Ltd. (referred to as Shiyuan) has seen its Hong Kong IPO application expire after six months, with CICC and GF Securities (Hong Kong) acting as joint sponsors [1] - Shiyuan is recognized as an expert in intelligent control technology and is one of the leading global companies in commercial display devices [1] - The company has established a leading market position in the interactive flat panel (IFPD) and LCD main control board sectors, particularly in education and enterprise services [1] Group 2 - According to Frost & Sullivan data, Shiyuan's MAXHUB brand interactive flat panel holds a 25.0% market share (by revenue) in mainland China, ranking first, and a 9.9% market share globally, ranking second [1]

Group 1 - The core viewpoint of the article is that Guangzhou Shiyuan Electronic Technology Co., Ltd. (referred to as Shiyuan) has seen its Hong Kong IPO application expire after six months, with CICC and GF Securities (Hong Kong) acting as joint sponsors [1] - Shiyuan is recognized as an expert in intelligent control technology and is one of the leading global companies in commercial display devices [1] - The company has established a leading market position in the interactive flat panel (IFPD) and LCD main control board sectors, particularly in education and enterprise services [1] Group 2 - According to Frost & Sullivan data, Shiyuan's MAXHUB brand interactive flat panel holds a 25.0% market share (by revenue) in mainland China, ranking first [1] - The MAXHUB brand also ranks second globally with a 9.9% market share (by revenue) [1]

Summary of Key Points Core Viewpoint The article provides an overview of the recent activities in the Hong Kong stock market, highlighting the number of companies that have submitted applications for listing, those that have passed the hearing, and details about their financial performance and market positions. Group 1: New Applications - A total of 19 companies submitted applications to the Hong Kong Stock Exchange from June 16 to June 22 [3] - New Hope Group (600803.SH) is the largest private natural gas company in China, with a market share of approximately 6.1% in 2024 [3] - Wolong Technology (002130.SZ) is the second-largest high-speed copper cable manufacturer globally, holding a 24.9% market share [4] - Beijing Geekplus Technology Co., Ltd. is the largest provider of AMR solutions globally, maintaining its leading position for six consecutive years [5] - Banu International Holdings is the largest hot pot brand in China by revenue, with a market share of 3.1% [6] - Hope Sea Inc. is the largest comprehensive electronic product import supply chain solution provider in China, with an import GMV of approximately RMB 34.8 billion in 2024 [7] - Guangzhou Shiyuan Electronic Technology Co., Ltd. ranks first in the Chinese market for interactive smart panels with a 25.0% market share [8] - Anmai Biotechnology Co., Ltd. ranks second globally in T-cell connector therapy, with total transaction values exceeding USD 2.1 billion [9] - Beijing Haizhi Technology Group focuses on industrial-grade AI solutions, ranking fifth in the Chinese market [10] - Suzhou Jiyi Technology Co., Ltd. ranks second in digital retail operations in China [11] - Drip Irrigation International Investment Co., Ltd. is the first global exchange group based on revenue-sharing models [12] - Zhaowei Electromechanical (003021.SZ) provides integrated micro-drive systems, with revenues projected to grow [13] - Meige Intelligent (002881.SZ) ranks fourth globally in wireless communication modules, holding a 6.4% market share [14] - Yuxin Technology (300674.SZ) is a leading fintech solution provider in China, with significant market shares in various sectors [15] - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. ranks second in the digital education market for higher education in China [16] - Zhaoyi Innovation (603986.SH) is the second-largest NOR Flash provider globally, with an 18.5% market share [17] - Changchun Changguang Chenxin Microelectronics Co., Ltd. specializes in high-performance CMOS image sensors [18] - Weichai Lovol Smart Agriculture Technology Co., Ltd. is a leading provider of smart agricultural solutions in China [19] - PPIO is an independent distributed cloud computing service provider [20] - Xiangkang Holdings is a major technical apparel manufacturer for high-end brands [22] Group 2: Companies Passing Hearings - Four companies passed the listing hearing this week, including Fuwai Group, which is a pan-Asian life insurance company with projected insurance revenue growth [24] - Fengcai Technology focuses on chip design for BLDC motor control, ranking sixth in the Chinese market [25] - Xunzhong Communication Technology Co., Ltd. is the third-largest cloud communication service provider in China [26] - Cloudbreak Pharma Inc. is a clinical-stage ophthalmic biotech company with two core products [27] Group 3: Recent IPOs - Haitan Flavor Industry (03288.HK) raised approximately HKD 10.1 billion in its IPO, with a slight decline in stock price post-listing [28] - Sanhua Intelligent (02050.HK) had a strong subscription rate for its IPO [29] - Baize Medical (02609.HK) and other companies also reported significant subscription rates for their IPOs [30][31][32][33]