New stock news | Fengjiang Intelligence plans to go public in Hong Kong: revenue has been increasing for three consecutive years, high gross profit drives profit to turn positive.

FJD Inc. (referred to as "Fengjiang Intelligent") has submitted an application to the Hong Kong Stock Exchange. The prospectus shows that the company is a global supplier of Siasun Robot & Automation solutions and related empowering technologies, focusing on providing digitalization and automation solutions for traditional labor-intensive industries such as agriculture and animal husbandry, construction, and property management. Financially, the company's revenue continues to grow. The prospectus discloses that FJD Inc.'s revenue increased from RMB 5.296 billion in 2023 to RMB 5.698 billion in 2024, and further increased to RMB 7.399 billion in 2025, a year-on-year growth of 29.8% in 2025. Of particular note is that the company's gross profit margin has remained at a high level and further improved. From 2023 to 2025, FJD Inc.'s gross profit margin was 53.6%, 64.5%, and 65.8% respectively, mainly benefiting from the company's continuous optimization of product mix and strategic focus on high-margin products. In terms of profitability, the company is beginning to show a profit turning point. The prospectus shows that FJD Inc. recorded adjusted losses of RMB 268.6 million and RMB 57.2 million in 2023 and 2024 respectively, and recorded an adjusted profit of RMB 10.1 million in 2025; meanwhile, the adjusted net profit margin narrowed from -50.7% in 2023 to -10.0% in 2024, and turned positive to 1.4% in 2025. According to the prospectus, FJD Inc. has expanded its business coverage to over 110 countries, with Europe, Asia, and the Americas contributing 53.7%, 30.2%, and 11.8% of total revenue in 2025. With the expansion of revenue scale, improvement in gross profit margin, and enhancement of operational efficiency, the company's high gross margin and improved profitability are expected to become key focus areas for the market.