Hanshuo Technology (301275.SZ), the core enterprise of IoT wireless communication technology, plans to make an initial public offering of 42.24 million shares

According to the Zhitong Finance App, Hanshuo Technology (301275.SZ) disclosed the initial public offering of shares and a prospectus for listing on the GEM. The number of shares publicly offered by the company is 42.24 million shares, accounting for 10% of the total share capital after issuance. The initial inquiry date is February 25, 2025, and the subscription date is February 28, 2025.

Hanshuo Technology is a high-tech enterprise with IoT wireless communication technology as the core. The company has built a business system with software and hardware products and services such as electronic price tag systems and SaaS cloud platform services around the field of retail store digitalization. The company is committed to becoming the world's leading digital solution provider for retail stores, helping the retail industry achieve digital transformation and upgrading. After years of deep business cultivation, the company has formed a strong competitive advantage in the industry position at home and abroad. The compound growth rate of the company's revenue reached 52.99% in 2021-2023. According to CINNO statistics, the company's share of the domestic electronic price tag market in 2023 is about 62%. According to publicly disclosed data, the company's electronic price tag revenue in 2021-2023 also ranked among the top three competitors of global listed companies; the company achieved an international strategic layout early in the industry and has now set up subsidiaries in the US, the UK, France, Germany, the Netherlands, Australia, New Zealand, Singapore, Japan, Sweden, Canada, Vietnam and Poland to serve more than 400 customers in more than 50 countries and regions around the world. Net profit attributable to owners of the parent company from 2021 to 2023 was -6.603 million yuan, 207.7427 million yuan, and 677.6547 million yuan, respectively. In 2024, the company's net profit attributable to owners of the parent company was RMB 710.23,400, an increase of 4.81% over the previous year.

The funds raised will be used for the industrialization of digital solutions for stores, AIoT R&D centers and information technology construction projects, and supplementary working capital.