New Stock News | Rongda Hezhong submitted a delivery to the Hong Kong Stock Exchange and achieved revenue of 253 million yuan in the first nine months of last year.

According to the disclosure from the Hong Kong Stock Exchange on January 16, Rongda Hezhong (Xiamen) Technology Group Co., Ltd. (hereinafter referred to as Rongda Hezhong) has submitted its listing application to the Main Board of the Hong Kong Stock Exchange, with Yuexiu Financing as its exclusive sponsor. The prospectus shows that Rongda Hezhong is a global automatic identification data collection (AIDC) device and solution provider, engaged in the design, research and development, manufacturing, and marketing of printing equipment, scales, POS terminals, and PDAs. The company offers over 100 standard models of products, widely used in various industries including but not limited to retail, education, catering, logistics, warehousing, manufacturing, hotels, medical, and environmental industries. In the past performance period, Rongda Hezhong sold its products to not less than 30 provinces, municipalities, and autonomous regions in China, including but not limited to Beijing, Fujian, Jiangsu, Zhejiang, Sichuan, and Guangdong, as well as more than 140 countries, including but not limited to the United States, Malaysia, Spain, France, Argentina, Brazil, and the United Arab Emirates. In terms of industry, according to Frost & Sullivan, the global AIDC device market is expected to increase from $60.8 billion in sales value in 2018 to $90.1 billion in 2023, with a compound annual growth rate of 8.2%, driven by the increasing demand for personalized shopping experiences, real-time inventory management needs, and the growth of online-to-offline retail trends. Financially, in the fiscal years 2022, 2023, and the first nine months of 2024, Rongda Hezhong recorded revenues of approximately RMB 393 million, RMB 349 million, and RMB 253 million respectively, with profits for the same periods of approximately RMB 37.447 million, RMB 27.603 million, and RMB 22.435 million respectively.