Financial Performance - The company achieved revenue of RMB 970 million, an increase of 7.6% compared to RMB 901 million in the same period last year[7]. - Gross profit was RMB 757 million, up 6.2% from RMB 713 million year-on-year, with a gross margin of 78.1%, down 1 percentage point from the previous year[7]. - The company reported a net loss of RMB 1.255 billion, compared to a net profit of RMB 20 million in the same period last year[7]. - Adjusted net profit (non-IFRS measure) was RMB 282 million, an increase of 5.8% from RMB 266 million year-on-year[7]. - Revenue increased from RMB 901.1 million for the six months ended June 30, 2024, to RMB 970.0 million for the six months ended June 30, 2025, representing a growth of 7.6%[22]. - Mobile advertising service revenue rose by RMB 5.7 million, while data technology service revenue increased by RMB 1.2 million, contributing to overall revenue growth[22]. - The company reported a net loss of RMB 125,505,000 for the first half of 2025, compared to a profit of RMB 226,000 in the same period of 2024[102]. - Total comprehensive loss for the period reached RMB 132,303,000, significantly higher than the RMB 2,532,000 loss reported in the previous year[102]. User Growth - The number of cumulative users increased to 315 million, a growth of 5.6% from 298.4 million at the end of 2024[10]. - The average monthly active users grew to 30.2 million, a 5% increase compared to the same period in 2024[10]. Revenue Breakdown - Revenue from mobile advertising services reached RMB 942 million, a year-on-year increase of 6.4%[14]. - Data technology services revenue was RMB 28 million, a significant increase of 74.1% compared to the same period in 2024[15]. - Mobile advertising services contributed RMB 94,158 thousand to revenue, up from RMB 88,496 thousand, reflecting a growth of 6.8% year-over-year[125]. - Data technology services revenue increased significantly to RMB 2,815 thousand from RMB 1,617 thousand, representing a growth of 74.1%[125]. Expenses and Costs - Sales cost increased by RMB 2.5 million or 13.06%, with the sales cost as a percentage of revenue rising from 20.9% to 22.0%[23]. - R&D expenses rose from RMB 186.0 million to RMB 216.0 million, primarily due to hiring additional R&D personnel and increased stock incentive costs[29]. - Other income decreased by RMB 0.3 million or 11.7%, primarily due to a decline in investment income and fair value gains on financial investments[30]. Cash Flow and Liquidity - The company reported a net cash inflow from operating activities of RMB 0.8 million for the six months ended June 30, 2025, primarily due to a pre-tax loss of RMB 123.6 million, largely from non-cash items[36]. - Cash and cash equivalents increased to RMB 246.5 million as of June 30, 2025, representing a significant growth of 337.8% compared to RMB 56.3 million at the end of 2024[38]. - The company incurred a net cash outflow from investing activities of RMB 16.9 million, mainly due to the purchase of financial investments valued at RMB 137.0 million[37]. - The financing activities generated a net cash inflow of RMB 207,663,000 in the first half of 2025, compared to a net cash outflow of RMB (14,389,000) in the same period of 2024[112]. Financial Position - As of June 30, 2025, the group's net current assets amounted to RMB 283.9 million, while the net current liabilities were RMB 379.7 million, resulting in a current ratio of 4.7 compared to 0.3 on December 31, 2024[45]. - The company's equity increased to RMB 346,936,000 as of June 30, 2025, recovering from a deficit of RMB 312,092,000 at the end of 2024[106]. - The total accounts payable as of June 30, 2025, was RMB 5,030 thousand, a decrease from RMB 7,864 thousand at the end of 2024[139]. Shareholder Information - As of June 30, 2025, Dr. Sun Xi holds 32,629,326 shares, representing approximately 21.15% of the total equity, including various forms of ownership[64]. - Ms. Qian Jinlei owns 13,129,743 shares, accounting for approximately 8.51% of the total equity[67]. - The company raised approximately RMB 221,836,000 from the issuance of 24,856,000 ordinary shares at HKD 9.75 per share during the IPO on June 10, 2025[140]. Corporate Governance and Compliance - The company adopted the Corporate Governance Code after listing on June 10, 2025, and has complied with applicable provisions[83]. - The board consists of 4 executive directors and 3 independent non-executive directors, with no changes in director information since the listing date[63]. Future Plans and Investments - The company plans to expand its overseas market presence by adapting to local user travel habits and optimizing product experience through a "technology output + localized operation" model[19]. - The company plans to recruit approximately 10 experts in time series model training and optimization, allocating HKD 16 million for this purpose by 2027[90]. - The company intends to lease computing resources based on graphical processing units from leading domestic cloud service providers, with an allocation of HKD 16 million by 2028[92]. Risk Management - The group faces credit risk primarily from accounts receivable, with individual credit verification procedures for customers wishing to transact on credit, focusing on past payment records and current payment capabilities[59]. - The group has established financial risk management policies to address credit, liquidity, and exchange rate risks[58].

You should liaise with your bank(s), broker(s), custodian(s), nominee(s) or HKSCC Nominees Limited through which your Shares are held (collectively, the "Intermediaries") and provide your email address to your Intermediaries. (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號: 2605) 12 September 2025 Dear non-registered shareholder(s), Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing the Listing of Se ...

Please note that both the English and Chinese versions of all future Corporate Communications will be available electronically on the website of the Company at www.metalight.com.cn and the HKEXnews website at www.hkexnews.hk in place of printed copies. (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock Code 股份代號: 2605) Dear registered shareholder(s), Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing the Listing ...

Group 1 - The core point of the news is that independent non-executive director Huang Xiaoling increased his stake in METALIGHT by purchasing a total of 110,000 shares at an average price of HKD 4.928 and HKD 4.9814, amounting to approximately HKD 550,000 [1] - After the purchase, Huang Xiaoling's total shareholding reached 110,000 shares, representing 0.07% of the total issued shares [1][2] - The transactions occurred on September 4 and 5, 2025, as disclosed in the latest equity disclosure documents from the Hong Kong Stock Exchange [1][2]

截至月份: 2025年8月31日 狀態: 新提交 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: MetaLight Inc.（於開曼群島註冊成立的有限公司） 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02605 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | USD | | 0.0001 USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 500,000,000 | USD | | 0.0001 USD | | 50,000 | 本月底法定/註冊股本總額 ...

Core Viewpoint - The Hong Kong IPO market is active, with 57 new listings and a total fundraising amount of 131.9 billion HKD as of August 25. However, many companies face challenges in meeting both domestic and Hong Kong regulatory requirements for listing [1]. Group 1: Hong Kong IPO Overview - As of August 25, 2023, there have been 57 new IPOs on the Hong Kong Stock Exchange, raising a total of 131.9 billion HKD [1]. - There are currently 211 companies that have submitted applications for listing in Hong Kong [1]. Group 2: Listing Challenges - Companies looking to list in Hong Kong must comply with both domestic laws and Hong Kong's regulatory framework, making the IPO preparation process complex and demanding [1]. Group 3: Resources for Companies - A compilation of Hong Kong listing rules and disclosure documents for domestic companies planning to list in Hong Kong has been organized to assist businesses in understanding the latest regulatory dynamics [1].

Group 1 - METALIGHT (02605) has announced the subscription of various financial products issued by Shanghai Kechuang Bank, totaling 42 million RMB [1] - The subscription period is from June 10, 2025, to July 18, 2025, following the company's listing [1] - The financial products subscribed are structured deposits [1]

Core Insights - Metalight (02605) announced that during the period from June 10, 2025, to July 18, 2025, the company subscribed to several financial products (structured deposits) issued by Shanghai Kechuang Bank, totaling 42 million RMB [1] Group 1 - The company plans to utilize structured deposits as part of its financial strategy [1] - The total amount subscribed to these financial products is significant, indicating a proactive approach to managing liquidity [1] - The subscription period aligns with the company's upcoming listing, suggesting a strategic financial maneuver [1]

（股份代號：2605） 須予披露的交易 認購理財產品 董事會宣佈，本公司於2025年6月10日上市後至2025年7月18日 期 間（「相關期間」）， 本 集 團 已 認 購 由 上 海 科 創 銀 行 發 售 的 若 干 理 財 產 品。 認購理財產品 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 MetaLight Inc. （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 認購事項的資金來源 認 購 事 項 乃 以 本 集 團 內 部 資 源 撥 付，並 無 動 用 全 球 發 售 所 得 款 項。 進行認購事項的理由及裨益 認 購 事 項 均 由 本 集 團 為 財 務 管 理 目 的 而 進 行，旨 在 充 分 善 用 業 務 營 運 所 收 取 的 現 金 盈 餘，務 求 在 維 持 高 流 動 性 及 相 對 低 風 險 水 平 的 前 提 下 取 得 均 衡 回 報 ...

Core Viewpoint - METALIGHT reported a revenue of 96.973 million RMB for the six months ending June 30, 2025, representing a year-on-year increase of 7.61%. However, the company incurred a loss of 126 million RMB, a significant shift from a profit of 226,000 RMB in the same period last year, resulting in a basic loss per share of 1.69 RMB [1] Revenue Analysis - The increase in revenue was primarily driven by the growth in mobile advertising services, which saw an increase of 5.7 million RMB [1] - The company continued to provide high-quality public transport information services, leading to growth in both the cities served and the number of users [1] - Additionally, the expansion of the public transport analytics platform business and collaborations with more transportation agencies contributed to a revenue increase of 1.2 million RMB from data technology services [1]