3.8–3.14 | This Week’s IPO Activities of Chinese Enterprises in the U.S.

On March 11, local time, FG Holdings Limited (hereinafter referred to as “FG Holdings”), a holding company of Richest View (HK) Limited, filed an updated prospectus with the U.S. Securities and Exchange Commission (SEC), seeking a Nasdaq listing under the ticker symbol “FGO.” The company first submitted a confidential filing to the SEC on December 28, 2023. It plans to offer 2 million shares at $4–$5 per share, aiming to raise between $8 million and $10 million. Headquartered in Hong Kong, FG Holdings is a financial services provider engaged in private credit mortgage brokerage services. It delivers both private credit mortgage brokerage and bank mortgage brokerage services via its fintech platform. 7. Qinhui Technology On February 11, 2025, local time, Qinhui Technology International Co., Ltd. (hereinafter referred to as “Qinhui Technology”), an automotive parts and components manufacturer and distributor based in Wuhu, China, filed an updated prospectus with the SEC, seeking a Nasdaq IPO under the ticker symbol “QHT.” The company plans to issue 1.25 million shares at $5–$6 per share, targeting proceeds of $6.25 million to $7.5 million. Qinhui Technology manufactures and sells automotive parts and components for passenger vehicles, trucks, and railway carriages in China through its operating subsidiaries. The company has grown rapidly: as of the prospectus date, it holds 37 valid registered patents and three registered trademarks in China. Its notable product—the LNG tank frame for trucks—saw production exceed 28,000 units in 2019; by 2023, Qinhui had become the largest supplier in this market in China. The company also co-developed a sliding-welding cargo box with China Railway No. 1 Bureau’s Material Trading & Machinery Company. Since 2002, it has repeatedly expanded its production facilities, now employing over 200 people and generating approximately $30 million in revenue in 2023. It has been repeatedly recognized as an “Outstanding Supplier” by Chery Automobile. 8. J-Star On March 12, 2025, local time, J-Star Holding Co., Ltd. (hereinafter referred to as “J-Star”), a carbon-component manufacturer based in Taiwan, China, filed an updated prospectus with the SEC, seeking a Nasdaq IPO under the ticker symbol “YMAT.” According to disclosures, the company first submitted a confidential filing to the SEC on September 30, 2021; it formally filed its IPO application publicly on February 16, 2022—but without disclosing offering details. J-Star plans to issue 1.25 million ordinary shares at $4–$5 per share, targeting $6.25 million in proceeds. The predecessor group of J-Star was founded in 1970, and J-Star has accumulated over 50 years of technical expertise in the advanced composites industry. J-Star has developed and commercialized technologies for carbon-reinforced resin systems.

Could anyone explain how to locate a company’s financial statements?

First, the bottom line: Choose your path based on your purpose—don’t jump straight to search engines. --- ## I. Official Free Sources (Most Authoritative — Your First Choice) **A-shares**: Start with **CNINFO** (cninfo.com.cn), the official disclosure platform designated by China’s Securities Regulatory Commission (CSRC). Annual reports, semi-annual reports, and quarterly reports for companies listed on the Shanghai Stock Exchange (SSE), Shenzhen Stock Exchange (SZSE), and Beijing Stock Exchange (BSE) are all available here. Search by stock code or company name, then navigate to the “Periodic Reports” section to download the original PDFs of annual, semi-annual, and quarterly reports. The SSE (sse.com.cn) and SZSE (szse.cn) websites also host identical content. **U.S. stocks**: Use the **SEC EDGAR database** (sec.gov/edgar). Enter the company name or ticker symbol to retrieve original filings—including Form 10-K (annual report), Form 10-Q (quarterly report), and Form 8-K (material events). A quick reference table summarizing official sources across major markets: | Market | Official Source | Notes | |---|---|---| | A-shares | CNINFO (cninfo.com.cn) | CSRC-designated disclosure platform | | U.S. stocks | SEC EDGAR (sec.gov/edgar) | Forms 10-K / 10-Q / 8-K | | Japan | EDINET (disclosure.edinet-fsa.go.jp) | Financial Services Agency; supports iXBRL | | South Korea | DART (dart.fss.or.kr) | Financial Supervisory Service | | Taiwan | MOPS (mops.twse.com.tw) | Public Information Observation Station | | UK | FCA NSM / filings.xbrl.org | ESEF-compliant filings | The advantage of official sources is that they provide **original, complete documents—including footnotes**. The downside? These raw files (PDF/HTML) are not machine-readable—and reviewing them manually can be exhausting. --- ## II. Aggregated Platforms (Convenient—but Verify Carefully) Free platforms such as East Money, Tonghuashun, Xueqiu (Snowball), and Sina Finance—as well as paid services like Wind, Choice, and iFinD—offer structured versions of the three core financial statements, pre-calculated metrics, and visual charts—ideal for quick scanning. But keep three caveats in mind: 1. **Secondary processing**: Data is extracted and formatted by the platform itself—errors and omissions occasionally occur; 2. **Footnotes often omitted**: Critical information—such as revenue recognition policies, related-party transactions, impairment assessments, and litigation disclosures—is almost always buried in the footnotes. Aggregated platforms typically display only the main financial statements, omitting these essential notes;

J-Star Holding Co., Ltd. Files Interim Financial Report on Form 6-K

Oct 23, 2026

J-Star Holding Co., Ltd. filed its H1 2026 interim report, reporting $6.8 million in revenue while restructuring debt to support a strategic pivot toward U.S. drone manufacturing and advanced materials markets.

The Manila Times

2026-02-24

J-Star secures exclusive battery distribution deal with PSSB

2026-04-02

Jonathan Chiang Returns as J-Star CEO Effective March 31

2026-04-02

Carbon Fiber Bike Frame Maker J-Star’s Founder Returns as CEO

2026-04-10

J-Star Holding Reinstates Jonathan Chiang as CEO Following Sam Van's Resignation

2026-05-01

J-Star partners with PSSB for Texas battery facility