---
title: "News: Three Squirrels' Hong Kong IPO approved by the China Securities Regulatory Commission"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/260133760.md"
description: "Three Squirrels has received approval from the China Securities Regulatory Commission to go public in Hong Kong, planning to issue 81.5 million shares. The company's revenue in the first half of the year grew by approximately 8% to 5.48 billion yuan, but net profit fell by 52% to 138 million yuan. If the listing is not completed by November 9, an updated prospectus will need to be submitted. The company's stock price on the Shenzhen Stock Exchange has fallen by a cumulative 35% since the beginning of the year"
datetime: "2025-10-07T07:25:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/260133760.md)
  - [en](https://longbridge.com/en/news/260133760.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/260133760.md)
---

# News: Three Squirrels' Hong Kong IPO approved by the China Securities Regulatory Commission

The China Securities Regulatory Commission announced last week that the snack manufacturer **Three Squirrels Co., Ltd.** (300783.SZ) has been approved to conduct an initial public offering in Hong Kong, clearing significant regulatory hurdles for the company's listing process.

According to the **announcement** released by the China Securities Regulatory Commission on its official website the day before the National Day holiday (September 30), Three Squirrels plans to issue 81.5 million shares through this IPO. The company submitted its preliminary prospectus to the Hong Kong Stock Exchange on May 9, which means that if it fails to complete the listing by November 9, it will need to submit an updated prospectus.

According to the **Q2 financial report** submitted by the company to the Shenzhen Stock Exchange, Three Squirrels' revenue in the first half of the year increased by about 8% to 5.48 billion yuan compared to 5.07 billion yuan in the same period last year. However, its net profit during the same period plummeted by 52% from 290 million yuan to 138 million yuan.

As one of the increasing number of Chinese companies listed on the Shanghai and Shenzhen A-shares, Three Squirrels has recently applied for a secondary listing in Hong Kong to leverage global capital markets and enhance its international visibility. Since the beginning of the year, the company's stock price listed on the Shenzhen Stock Exchange has fallen by a cumulative 35%

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