Group 1 - The company anticipates a net loss of approximately RMB 115 million to RMB 135 million for the first half of 2025, a significant shift from a net profit of approximately RMB 230,000 in the first half of 2024 [1] - The primary reason for this loss is the substantial increase in fair value losses related to convertible redeemable preferred shares, which rose over 1000% compared to the first half of 2024 [2] - Additional factors contributing to the loss include an over 80% increase in equity-settled share-based expenses and over 30% higher listing-related expenses in the first half of 2025 compared to the same period in 2024 [2] Group 2 - Despite the anticipated loss, the company expects an adjusted net profit (non-IFRS measure) of approximately RMB 27 million to RMB 30 million for the first half of 2025, reflecting a slight increase from approximately RMB 26.87 million in the first half of 2024 [3] - This expected growth in adjusted net profit is primarily due to a revenue increase of over 5% in the first half of 2025 compared to the first half of 2024 [3]

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 全部或任何部分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 ） （股份代號：2605） 盈利預警 本公告由MetaLight Inc.（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）根 據 香 港 法 例 第571章《證 券 及 期 貨 條 例》第XIVA部 項 下 內 幕 消 息 條 文（定 義 見 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」））及 上 市 規 則 第13.09(2)(a)條 作 出。 本 公 司 董 事 會（「董事會」）謹 此 告 知 本 公 司 股 東（「股 東」）及 本 公 司 潛 在 投 資 者， 根據目前可獲得的資料及對本集團截至2025年6月30日 止 六 個 月（「2025年上半 年」）未 經 審 核 綜 合 管 理 賬 目 的 初 步 ...

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 截至月份: 2025年7月31日 狀態: 新提交 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8月5日 I. 法定/註冊股本變動 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 | 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 | US ...

Group 1 - The core viewpoint of the article highlights the current trends in domestic investment and financing activities, indicating a decrease in the number of financing events compared to the previous week [5][6]. - A total of 88 financing events were disclosed in the domestic primary market this week, a decrease of 27 events from the previous week, with a total financing scale of 2.503 billion RMB [5][6]. - The average financing amount per event is approximately 83 million RMB [6]. Group 2 - The most active sectors in terms of financing events this week are intelligent manufacturing, artificial intelligence, and healthcare, with 17, 14, and 8 events respectively [8]. - The highest financing scale among disclosed amounts is in the enterprise services sector, totaling approximately 720 million RMB, with significant funding for the AI infrastructure company "Silicon-based Flow" [8]. - The automotive transportation sector follows with a disclosed financing total of 420 million RMB, highlighted by the A-round financing of "East China Test Field" [8][9]. Group 3 - The regional distribution of disclosed financing events is primarily concentrated in Jiangsu, Shanghai, and Guangdong, with 17, 14, and 14 events respectively [12]. - Jiangsu reported a total financing of 200 million RMB from 5 disclosed events, while Shanghai had 635 million RMB from 6 events [15]. - The early-stage financing events dominate with 68 occurrences, while growth-stage and late-stage events account for 16 and 4 respectively [16]. Group 4 - This week, 7 companies were monitored for IPOs, with the highest market value being "Insta360" at 65.243 billion RMB [27]. - Most of the listed companies had prior investments from VC/PE or CVC, indicating a strong backing from investment firms [27]. - The article details the historical investors for each IPO, showcasing a diverse range of investment firms involved [28]. Group 5 - There were 11 disclosed completed M&A events this week, consistent with the previous week, spanning traditional industries, intelligent manufacturing, and healthcare [30][31]. - A notable transaction includes the acquisition of "China Ocean Shipping Passenger Transport" by Haixia Co. for 2.515 billion RMB [30]. - Other M&A activities include various companies in the intelligent manufacturing sector, with specific financial details provided for each transaction [33].

Group 1 - The core viewpoint of the article highlights the recent trends in domestic investment and financing activities, indicating a decrease in the number of financing events compared to the previous week [5][6]. - A total of 88 financing events were disclosed this week, which is a decrease of 27 events from the previous week [5]. - The total financing amount for disclosed events reached 2.503 billion RMB, with an average financing amount of 83 million RMB per event [6]. Group 2 - The most active sectors in terms of financing events this week were intelligent manufacturing, artificial intelligence, and healthcare, with 17, 14, and 8 events respectively [8]. - In terms of disclosed financing amounts, the enterprise services sector led with a total financing scale of approximately 720 million RMB, including significant funding for the AI infrastructure company "Silicon-based Flow" [9][10]. - The automotive and transportation sector followed with a disclosed financing total of 420 million RMB, highlighted by the A-round financing of "East China Test Field" [11]. Group 3 - The regional distribution of disclosed financing events was primarily concentrated in Jiangsu, Shanghai, and Guangdong, with 17, 14, and 14 events respectively [15]. - The early-stage financing events dominated the market with 68 occurrences, while growth-stage and late-stage events accounted for 16 and 4 events respectively [18][19]. Group 4 - This week, 7 companies were monitored for IPOs across various exchanges, with the highest market value being "Insta360" at 65.243 billion RMB [30]. - Notably, 6 out of the 7 listed companies had previously received VC/PE or CVC investments, indicating a strong backing from investment firms [30]. Group 5 - There were 11 disclosed completed M&A events this week, consistent with the previous week, spanning traditional industries, intelligent manufacturing, and healthcare [33][34]. - A significant transaction included Haixia Co., which acquired 100% of the shares of the maritime passenger service provider COSCO Shipping Passenger for 2.515 billion RMB [33].

Group 1 - Several Hong Kong new stocks are experiencing declines, with New Qi An (02573.HK) dropping by 12.85% [1] - METALIGHT (02605.HK) has decreased by 12.35% [1] - Shide Global (00487.HK) is down by 11.81% [1] - Rongda Technology (09881.HK) has fallen by 8.45% [1]

Core Viewpoint - Yuan Guang Technology (元光科技) listed on the Hong Kong Stock Exchange today, opening below the issue price at HKD 7.60, a decline of 22.05%. By the end of the trading day, the stock closed at HKD 6.80, down 30.26% from the issue price of HKD 9.75 [1][4]. Summary by Relevant Sections Share Issuance and Capital Structure - The total number of shares issued under the global offering was 24,856,000, with 12,428,000 shares allocated for public sale in Hong Kong and 12,428,000 shares for international sale [2]. - At the time of listing, the total number of shares outstanding was 154,276,537 [2]. Financial Proceeds from Listing - The total proceeds from the offering amounted to HKD 242.35 million, with estimated listing expenses of HKD 82.62 million, resulting in net proceeds of HKD 159.73 million [4][5]. Use of Proceeds - Approximately 45% of the net proceeds will be used to enhance technological capabilities, 30% for sales and marketing to increase market share and brand awareness, 15% for recruiting about 15 team members from 2025 to 2027, and 10% for working capital and general corporate purposes [5]. Financial Performance - Revenue for Yuan Guang Technology was RMB 135.38 million in 2022, RMB 174.54 million in 2023, and projected to be RMB 206.14 million in 2024. The company reported losses of RMB 20.04 million, RMB 20.33 million, and RMB 26.14 million for the respective years [6][8]. - Adjusted net profit (non-IFRS) was RMB 9.81 million in 2022, RMB 46.49 million in 2023, and RMB 54.22 million in 2024, with adjusted net profit margins of 7.2%, 26.6%, and 26.3% respectively [6][8]. Cash Flow - The net cash flow from operating activities was RMB 13.40 million in 2022, RMB 41.07 million in 2023, and RMB 56.42 million in 2024 [7][8].

6月10日，METALIGHT元光科技（HK:02605，下称"元光科技"或"METALIGHT"）在港交所上市，发行价为每股发售股份9.75港元，全球发售2485.6万股， 募资总额约为2.42亿港元，募资净额约1.60亿港元。 上市首日，METALIGHT即跌破IPO发行价。6月10日开盘，METALIGHT的股价报7.60港元/股，较发行价下跌22.05%。随后，跌幅进一步扩大，一度报6.99 港元/股。截至贝多财经发稿前，暂报7.15港元/股，跌幅为26.67%，市值约11亿港元。 据贝多财经了解，METALIGHT为车来了APP母公司（中文名为"元光科技"），后者为一个提供实时公交信息的线上平台。元光科技在招股书中称，"车来 了"提供实时、准确的公交车到达信息。 业绩方面，2022年、2023年和2024年，元光科技的收入分别为人民币1.35亿元、1.75亿元和2.06亿元，净亏损分别约2003.7万元、2032.8万元和2613.8万元， 经调整净利润分别约981.4万元、4649.5万元和5421.9万元。 同时，WeBus Light持股10.15%，WeBus Data持股1.84%，元光科 ...

Core Viewpoint - MetaLight Inc. successfully listed on the Hong Kong Stock Exchange, raising approximately HKD 242 million through its IPO, with a strong subscription demand for its shares [2][3]. Group 1: IPO Details - MetaLight offered 24.856 million shares, representing 16.11% of the total shares post-IPO, with a share price set at HKD 9.75, resulting in net proceeds of about HKD 160 million [2]. - The public offering was oversubscribed by 274.44 times, while the international offering saw a 2.49 times subscription [2]. Group 2: Shareholder Structure - The major shareholder, Dr. Sun Xi, holds a total of 21.15% of the shares, with voting rights delegated to him by Dr. Shao Lingshuang [3][4]. - Other notable investors include Didi and Alibaba, with Alibaba holding 8.77% of the shares [3][4]. Group 3: Company Overview - Founded in 2010, MetaLight is a leading provider of time-series data intelligent services in China's public transport sector, focusing on big data analysis and AI technology [4]. - Its flagship application, "Che Laile," is the largest real-time bus information platform in China, covering 274 cities and boasting approximately 298.4 million users by the end of 2024 [4]. Group 4: Market Performance - As of midday trading, MetaLight's share price was HKD 6.99, with a total market capitalization of approximately HKD 1.078 billion [5]. - The stock experienced a trading range with a high of HKD 8.31 and a low of HKD 6.98 since its listing [6].

Group 1 - Abu Dhabi Investment Authority (ADIA) has heavily invested in MetaLight, a leading public transport information service provider in China, which has attracted significant market attention [1] - MetaLight operates under the brand "车来了," covering public transport networks in 274 cities in China and handling an average of 120 million travel requests daily, positioning itself as a key player in the smart transportation sector [1][2] - The IPO of MetaLight saw international capital, led by ADIA, resulting in an oversubscription of 2.49 times for international placements and a staggering 274.44 times for the Hong Kong public offering, indicating strong market confidence [1] Group 2 - ADIA is accelerating its investments in smart transportation and new energy sectors, with a strategic focus on technology that improves public welfare [2] - The global smart mobility market is rapidly emerging as a new market opportunity, and MetaLight, as a data intelligence company, has developed a comprehensive technology stack that includes advanced algorithms and cloud computing [2] - MetaLight plans to expand its business into areas such as electricity trading and shared electric bicycles, which aligns with ADIA's investment strategy that considers international growth potential [2] Group 3 - From 2022 to 2024, MetaLight's revenue is projected to grow from 135 million to 206 million yuan, with a compound annual growth rate of 23.6%, and adjusted net profit is expected to rise from 9.81 million to 54.22 million yuan [3] - Despite over 98% of its revenue coming from advertising, MetaLight is diversifying its income through a SaaS model, having established partnerships with 295 institutions for route optimization services, leading to a 120% year-on-year growth in data technology service revenue [3] - MetaLight provides high-precision real-time public transport information for free, significantly reducing waiting times and carbon emissions, with an annual reduction of 4.2 million tons of ineffective waiting carbon emissions, equivalent to planting 230 million trees [3]