Xunce Technology has submitted an IPO prospectus and plans to list in Hong Kong. Tencent, KKR, Yunfeng, and others are participating in the investment, with CITIC Securities as the exclusive sponsor.

Xunce Technology has submitted an IPO prospectus and plans to list in Hong Kong. Tencent, KKR, Yunfeng, and others are participating in the investment, with CITIC Securities as the exclusive sponsor.

瑞恩資本Ryanben CapitalSep 13, 2024 13:31

Xunce Technology Hong Kong Stock Exchange: The gross margin reached 79% and was still losing money, and the official website could not be opened

On March 12, Shenzhen Xunce Technology Co., Ltd. (hereinafter referred to as “Xunze Technology”) submitted a prospectus on the Hong Kong Stock Exchange, with CICC as its sole sponsor. Currently, its official website shows “Under Maintenance” and cannot be opened for the time being. According to the prospectus, from 2021 to 2023, Xunce Technology achieved revenue of 120 million yuan, 288 million yuan, and 530 million yuan respectively; losses during the year were 119 million yuan, 96.512 million yuan, and 63.391 million yuan respectively. As can be seen, it has lost a total of 280 million yuan in the past three years. In response, Xunze Technology explained that the net loss during the track record period was mainly due to business

Le JuMar 13, 2024 11:44