Stock Code: 301529 Stock Abbreviation: Foresight Technology
Wuhu Foresight Technology Co., Ltd.
(Wuhu Foresight Technology Co., Ltd.)
(No. 2 Lingyuan Road, Jiujiang Economic Development Zone, Wuhu City)
2026 Prospectus for Issuance of A-Shares to Specific Targets
(Registration Draft)
Sponsor (Lead Underwriter)
(Building 4, No. 66 Anli Road, Chaoyang District, Beijing)
July 2026
Statement
The Company and all directors and senior management warrant that this 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.
The person in charge of the Company, the person in charge of accounting work, and the person in charge of the accounting department guarantee the authenticity and completeness of the financial and accounting data in this prospectus.
Any decision or opinion made by the China Securities Regulatory Commission (CSRC) or the stock exchange regarding this issuance does not indicate their guarantee of the authenticity, accuracy, or completeness of the application documents and disclosed information, nor does it constitute a substantive judgment or guarantee of the issuer's profitability, investment value, or investor returns. Any statement to the contrary is a false statement.
According to the Securities Law, after the securities are issued in accordance with the law, the issuer is responsible for changes in its operations and earnings. Investors shall independently judge the investment value of the issuer, make their own investment decisions, and bear the investment risks caused by changes in the issuer's operations and earnings or fluctuations in securities prices after the issuance.
Important Notice
The Company faces numerous risks in its business development. The Company specifically reminds investors to carefully read the full text of this prospectus and pay special attention to the following important matters and company risks before making investment decisions.
- Special Risk Warning for This Issuance of Shares to Specific Targets
The Company specifically reminds investors to pay attention to the following matters regarding the Company and this issuance, and requests that investors carefully read the entire content of "Chapter 6: Risk Factors Related to This Issuance" in this prospectus.
(1) Risks of International Trade Friction and Shipping Cost Fluctuations
During the reporting period, the Company's export sales revenue was 107.7547 million yuan, 306.9973 million yuan, and 588.7994 million yuan, accounting for 12.27%, 26.47%, and 36.97% of main business revenue, respectively, showing a year-over-year increase. The comparison between the Company's export shipping costs and export revenue during the reporting period is as follows:
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Shipping Costs | 2,095.53 | 1,991.69 | 378.03 |
| Export Revenue | 58,879.94 | 30,699.73 | 10,775.47 |
| Shipping Costs/Export Revenue | 3.56% | 6.49% | 3.51% |
Note: Shipping costs in the table above include ocean freight and a small amount of temporary air freight, rail freight, and related miscellaneous charges.
During the reporting period, following the significant growth in export revenue, the Company's total shipping costs showed an upward trend. The proportion of shipping costs to export revenue fluctuated significantly due to the impact of international macroeconomic environment fluctuations. International shipping logistics are closely related to the international situation; when logistics resources are tight, shipping costs rise significantly. Currently, the international situation is complex, with frequent trade frictions and intensified geopolitical tensions in Middle Eastern countries. If major unfavorable changes in trade policies of relevant countries or major tensions in the international situation occur in the future, it may lead to rising shipping costs or increased tariffs, which will adversely affect the Company's overseas business and, in turn, affect the Company's operating performance.