Guanglian Technology Holdings Co., Ltd. (referred to as "Guanglian Technology", stock code: "02531") was listed on the Hong Kong Stock Exchange recently. Guanglian Technology's offering price was HK$4.7, which was at the lower end of the offering range of HK$4.7 to HK$5.3. Guanglian Technology issued 63.6 million shares this time, with a gross proceeds of HK$299 million; after deducting offering expenses of HK$68.65 million, the net proceeds amounted to HK$230 million. Guohuilian subscribed for HK$88 million. Guanglian Technology submitted its prospectus in March 2024 and completed its listing in just 4 months, which is an astonishing listing speed. According to the prospectus, the revenues of Guanglian Technology in 2021, 2022 and 2023 were RMB 327 million, RMB 414 million and RMB 561 million respectively; the annual profits were RMB 35.07 million, RMB 47.42 million and RMB 51.54 million respectively. The adjusted profits of Guanglian Technology in 2021, 2022 and 2023 were RMB 36.63 million, RMB 56.62 million and RMB 61.74 million respectively. As of December 31, 2023, the cash and cash equivalents held by Guanglian Technology were RMB 157 million. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate controller. Both companies are controlled by the same ultimate controller, fall under the same Chinese management jurisdiction, and comply with the laws of Hong Kong and mainland China.