Han Shuo Technology's GEM IPO registration submitted, with a market share of approximately 62% in the domestic electronic price tag market.

On November 15th, Hanshuo Technology Co., Ltd. (referred to as Hanshuo Technology) applied for a change in the IPO review status on the Shenzhen Stock Exchange's ChiNext board to "submit registration". CICC is its sponsor, with plans to raise 1.182 billion yuan. The prospectus shows that Hanshuo Technology is a high-tech enterprise with IoT wireless communication technology as its core. The company focuses on the digitalization of retail stores and has built a business system around electronic price tag systems, SaaS cloud platform services, and other hardware and software products and services. The company aims to become a leading global provider of digital solutions for retail store digitalization and to assist the retail industry in achieving digital transformation and upgrading. After years of business cultivation, the company has established a strong competitive advantage in the industry both domestically and internationally. From 2021 to 2023, the company achieved a compound annual growth rate of 52.99% in revenue. According to CINNO statistics, the company's market share in the domestic electronic price tag market is about 62% in 2023, and based on public disclosure data, the company's electronic price tag revenue ranked among the top three global listed company competitors from 2021 to 2023. The company was one of the earliest in the industry to implement an internationalization strategy and has subsidiaries in countries such as the United States, the United Kingdom, France, Germany, the Netherlands, Australia, New Zealand, Singapore, Japan, Sweden, Canada, Vietnam, and Poland, serving over 400 customers in more than 50 countries and regions worldwide. As of June 30, 2024, the company has obtained a total of 116 authorized domestic and foreign invention patents (including 48 foreign invention patents and 68 domestic invention patents) and 73 utility model patents. The company has built a comprehensive core technology system around the electronic price tag IoT system, with many technologies showing strong innovation and advancement. In terms of wireless communication protocols, the company has independently developed the HiLPC protocol, which is widely used for communication and data transmission across product lines. It integrates smart algorithms like dynamic wake-up, coordinated frequency hopping, and precise positioning, constructing a dynamic and real-time scheduling network architecture for improved anti-interference capabilities, strong throughput, large concurrency, and low power consumption, ensuring smoother and more stable operation of the communication system. The latest generation of HiLPC protocol can support hundreds of cellular network base station devices in a single store, updating 60,000 electronic price tag devices per hour, reaching an industry-leading level of concurrency. The company's planned investment projects are as follows: In terms of finances, Hanshuo Technology achieved operating revenues of approximately 1.613 billion yuan, 2.862 billion yuan, 3.775 billion yuan, and 2.117 billion yuan in 2021, 2022, 2023, and January to June 2024 respectively. During the same periods, the net profits were -6.6125 million yuan, 20.8 million yuan, 67.8 million yuan, and 38 million yuan respectively.