August 8, 2023.

On August 8, 2023, Huaqin Technology was listed on the main board of the Shanghai Stock Exchange today, and the company’s stock code is 603296. Huaqin Technology is a platform company specializing in the R&D, design, manufacturing and operation services of intelligent hardware products. It belongs to the intelligent hardware ODM industry and mainly serves well-known domestic and foreign intelligent hardware brand manufacturers and Internet companies.

The company’s product line covers smartphones, laptops, tablets, smart wearables (including smart watches, TWS headsets, smart bracelets, etc.), AIoT products (including smart POS machines, automotive electronics, smart speakers, etc. ) and servers and other intelligent hardware products.

Before this public offering, Shanghai Aoqin Information Technology Co., Ltd. held 229.50 million shares of the company, with a shareholding ratio of 35.21%, and was the company's controlling shareholder. Qiu Wensheng directly holds 5.31% of the company's shares, and indirectly controls 41.42% of the company's shares through Shanghai Aoqin and Shanghai Haixian, totaling 46.73% of the company's shares.

The purpose of listing a company

First: Listing a company can improve its financial situation. Simply put, listing means financing. When a company has financial problems, it can raise investors' money. , without the need to go to the bank for a loan.

Second: Our country’s capital market must gradually transform into a joint-stock system, and the listing of companies is in line with the national joint-stock system policy.

Third: It can bring a premium to the company after listing. For companies that are not listed, the company value is just an estimate. But after listing, if the stock price rises, the company will pay a premium. If you cash out, you will get value.

Fourth: The listing of a company can stimulate the enthusiasm of employees. For example, when a company implements an equity incentive plan, the purpose is to have employees and the company create jointly, so when employees are also shareholders, work efficiency will be improved.

Reference for the above content: Baidu Encyclopedia-Huaqin Technology Co., Ltd.