Hansung Technology's IPO was approved by the Shenzhen Stock Exchange Listing Committee to empower the audio industry with technological research and development.

On March 14, Hansong (Nanjing) Technology Co., Ltd. (referred to as Hansong Technology) passed the listing committee meeting of the Shenzhen Stock Exchange ChiNext Board. The company's IPO sponsor is CICC, and it plans to raise 1.0019 billion yuan. The prospectus shows that Hansong Technology was established in 2003 and is a leading integrated supplier of high-end audio products and audio full-chain technology solutions. The company is dedicated to providing research, design, and integrated manufacturing services for high-performance audio and innovative audio products to globally renowned audio brand customers. The company has long been focused on the research and development of audio-related technologies, with more than 20 years of industry experience in audio product design, research, and manufacturing. It has accumulated a series of core technological capabilities in the audio field, including high-performance audio signal processing and amplification, audio transmission, and audio system intelligence. This has established the company's core competitive advantage in the audio field. In terms of business model, the company mainly cooperates with globally renowned electronic audio industry brands through the ODM business model. Most of the customers are international renowned brand merchants, including NAD, Bluesound, Snap One, Sonance, JBL, McIntosh, Sonus Faber, B&W, Denon, Marantz, Dynaudio, Steelseries, and Tonies. The global audio industry demand is expected to rebound in 2024. According to data from the General Administration of Customs of China, the overall export scale of the main product categories of multiple issuers in the first half of 2024 has seen a year-on-year growth, reversing the downward trend of 2023. The company's main business income has also grown by more than 20% year-on-year. In the long term, with technological innovation in the audio field, consumer demand upgrades, and the rising penetration rate of some products, the company's future performance growth is sustainable. In terms of finances, in the fiscal years 2021, 2022, 2023, and the first half of 2024, Hansong Technology achieved operating income of about 1.019 billion yuan, 1.386 billion yuan, 1.031 billion yuan, and 679 million yuan respectively. During the same period, the company achieved net profits of approximately 105 million yuan, 188 million yuan, 136 million yuan, and 112 million yuan respectively.