New Stock News | The mother and baby electronic product manufacturer JuZhi Technology will be listed on the Hong Kong Stock Exchange for the second time, with last year's revenue of 460 million.

According to the disclosure of the Hong Kong Stock Exchange on July 23, Polywisdom Technology Development Co., Ltd. (hereinafter referred to as Polywisdom Technology) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with New China Wealth Fund as its exclusive sponsor. Previously, the company had submitted a form to the Hong Kong Stock Exchange on January 17, 2025. According to the prospectus, Polywisdom Technology is a manufacturer of mother and baby electronic products, specializing in infant monitors to improve the quality of daily life for parents and babies. Over the years, the company has nurtured and developed the "HelloBaby" brand in the mother and baby electronic products field. Since 2016, the company has been selling baby monitors through Amazon, establishing a presence in major markets worldwide, with a focus on North America and Europe. In order to achieve stable and secure signal transmission, Polywisdom Technology independently developed 2.4GHz wireless digital audio and video baby monitor software, allowing parents to view and hear their baby's condition in real-time from a distance, while also supporting two-way communication and environmental parameter monitoring. During the historical period, the company has developed many successful products. As of the year ended December 31, 2024, the company sold nearly 1.4 million baby monitors and other products, achieving a historic high. Polywisdom Technology's sales channels cover both online and offline markets. During the historical period, the company sold products online through Amazon, Walmart, and its own website, and offline to OEM customers and distributors. With a global customer base and sales channels spread across different countries and regions in North America and Europe, during the historical period, over 88.2% of the company's revenue came from selling products to overseas countries. Polywisdom Technology's internal production facilities and warehouse are located in Wuxue City, Huanggang City, Hubei Province, China, with a total floor area of approximately 22,522.2 square meters. As of the year ended December 31, 2022, 2023, 2024, and the four months ended April 30, 2025, the utilization rates were approximately 70.4%, 82.5%, 84.9%, and 70.6%, respectively. According to the Frost & Sullivan report, the export of baby monitors from China to the US market is highly concentrated, with the top five exporters accounting for approximately 90.8% of the total export volume in 2024 (through online and offline sales). The online export sales segment is even more concentrated, with the top five exporters accounting for a market share of approximately 96.2% in 2024. In terms of the number of baby monitors exported from China to the US in 2024, the company leads all online exporters, capturing a 38.7% market share. In terms of the number of baby monitors exported to the US, the company ranks third among other exporters, with market shares of approximately 37.7%, 18.7%, 17.4% (the company itself), 14.7%, and 2.3% in 2024 respectively. Financially, for the years ended 2022, 2023, 2024, and the four months ended April 30, 2025, Polywisdom Technology recorded revenues of approximately 190 million, 348 million, 462 million, and 150 million Chinese yuan respectively, with profits of approximately 34.82 million, 63.36 million, 94.69 million, and 28.31 million Chinese yuan during the periods. According to the risk factors section in Polywisdom Technology's prospectus, the company's business and prospects depend on the reputation and market perception of the "HelloBaby" brand, and any negative reports regarding the company's brand and products could have a significant adverse impact on its brand image and operational performance.