New stock news | The prospectus of Panxing Digital Hong Kong Stock IPO has become ineffective.
The Hong Kong IPO prospectus submitted by Zhejiang Panxing Digital Technology Co., Ltd. on January 24, 2025, will expire after 6 months on July 24, 2025.
Zhejiang Panxing Digital Technology Co., Ltd. (referred to as Panxing Digital) submitted its Hong Kong IPO prospectus on January 24, 2025, which expired on July 24, 2025, six months after submission, with Wangbo Capital as its exclusive sponsor.
The prospectus states that Panxing Digital was established in Hangzhou, Zhejiang Province in 2017, focusing on providing online marketing solutions and SaaS services. The core business of the company is online marketing solutions services, including one-stop services, traffic acquisition services, live e-commerce services, and other online marketing solutions services.
In terms of financials, Panxing Digital's revenue for the nine months ending September 30 in 2022, 2023, and 2024 were 491 million, 812 million, and 673 million yuan respectively; gross profit was 63.66 million, 93.18 million, and 52.25 million yuan respectively; and profits for the period were 6.67 million, 25.16 million, and 22.01 million yuan respectively.
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