HKC Co., Ltd. intends to initiate an IPO on the A-share market, seeking to raise 8.5 billion yuan for the advancement of multiple display panel R&D and industrialization initiatives, along with augmenting its working capital. As a leading player in the semiconductor display sector, the company offers a diverse range of products, including TV panels and IT panels, which are ubiquitous in consumer electronics and specialized display applications. Notably, in 2024, HKC ranked third globally in terms of TV panel and smartphone panel shipment area. Despite experiencing revenue growth during the reporting period, the company's performance has fluctuated, with 2022 witnessing losses. Government subsidies and tax incentives play a pivotal role in the company's profitability. Furthermore, HKC confronts various risks, including international trade tensions, debt repayment pressures, and shifts in industry sentiment.