MARCO POLO: Initial public offering approved for listing, financial indicators meet standards

MARCO POLO announced that the company's initial public offering and listing on the main board have been approved. The validity period of the issuance plan has been extended to February 20, 2027, with approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission in 2025. After listing, the total share capital will increase to 1.195 billion yuan, not less than 50 million yuan. From 2022 to 2024, the revenue will be 8.661 billion yuan, 8.925 billion yuan, and 7.324 billion yuan respectively, totaling over 1.5 billion yuan; the net profit will be 1.360 billion yuan, 1.240 billion yuan, and 1.151 billion yuan respectively, totaling not less than 200 million yuan, and not less than 100 million yuan in the most recent year. The company has appointed CMS as the sponsor, designating Xiao Yan and Wan Peng as the sponsoring representatives