Stock Code: 300762 Stock Abbreviation: Shanghai Hxinfo
Shanghai Hxinfo Information Technology Co., Ltd. (No. 258 Heyou Road, Jiading District, Shanghai)
2025 Prospectus for A-Share Issuance to Specific Targets (Registration Draft)
Sponsor (Lead Underwriter): Guotai Haitong Securities Co., Ltd. (No. 618 Shangcheng Road, China (Shanghai) Pilot Free Trade Zone)
May 2026
Issuer Statement
The Company and all directors, supervisors, and senior management warrant that the prospectus and other information disclosure materials do not contain any false records, misleading statements, or major omissions, and assume corresponding legal liability for their authenticity, accuracy, and completeness.
This prospectus is prepared in accordance with the "Administrative Measures for the Registration of Securities Issuance by Listed Companies" and the "Contents and Formats of Information Disclosure by Companies Offering Securities to the Public No. 61 — Prospectus and Issuance Report for Issuance of Shares to Specific Targets by Listed Companies."
Upon completion of this issuance of shares to specific targets, the Company is solely responsible for changes in its operations and earnings; investors are solely responsible for investment risks arising from this issuance.
This prospectus is the Board of Directors' explanation of this issuance of shares to specific targets; any statement to the contrary is a false representation. Investors with any questions should consult their stockbroker, lawyer, professional accountant, or other professional advisor.
The matters stated in this prospectus do not represent a substantive judgment, confirmation, or approval by the approval authorities regarding the matters related to this issuance of shares to specific targets. The effectiveness and completion of the matters related to this issuance of shares to specific targets are subject to the approval, verification, or registration of the relevant approval authorities.
Important Matters Notice
The Company specifically reminds investors to pay full attention to the following major matters, carefully read the full text of this prospectus, and pay special attention to the following important items:
I. Major Risk Warnings
(I) Risk of Continuous Losses
During the reporting period, the issuer's operating income was 312.75 million yuan, 353.3259 million yuan, and 502.5458 million yuan, respectively. The net profit attributable to owners of the parent company was -189.759 million yuan, -123.8872 million yuan, and -121.9299 million yuan, respectively. Operating performance fluctuated during the reporting period, and the company remained in a state of continuous loss. Affected by fluctuations in industry policies and downstream demand, the issuer's overall comprehensive gross margin declined, and R&D investment remained high. The issuer has been in a state of continuous loss since 2023. Although operating income recovered in 2024, the loss state was not reversed, and the company remained in a loss for the full year of 2025.
In the special industry line, since 2023, the issuer has been affected by declining product sales prices and the continuous promotion of domestic substitution of key components (with relatively higher initial raw material costs) to implement the independent and controllable strategy and meet increasingly strict customer quality requirements, leading to a continuous decline in gross margin. If income levels decline in the future, coupled with the risk of declining gross margins, it will have an adverse impact on the operating performance of the company's special industry business.