DiDi(US:DIDIY) Sou Hu Cai Jing·2025-06-02 14:16Core Viewpoint - MetaLight, operating under the brand "Che Lai Le," has submitted its prospectus to the Hong Kong Stock Exchange for an IPO scheduled for June 10, 2025, aiming to raise approximately HKD 242 million by issuing 24.86 million shares at HKD 9.75 each. This listing will make it the first company in the smart temporal data service sector to be publicly traded in Hong Kong [1]. Financial Performance - The company has shown steady revenue growth from 135.379 million RMB in 2022 to 174.536 million RMB in 2023, and projected to reach 206.137 million RMB in 2024, indicating a consistent upward trend [2]. - The gross profit margin has improved from 73% in 2022 to 76.4% in 2024, reflecting strong profitability [2]. - Adjusted net profits have significantly increased from 9.81 million RMB in 2022 to 46.5 million RMB in 2023, and further to 54.22 million RMB in 2024, showcasing the company's potential for profitability and growth [3]. Cash Flow and Financial Health - The net cash flow from operating activities has increased from 13.404 million RMB in 2022 to 41.066 million RMB in 2023, and is expected to reach 56.424 million RMB in 2024 [4]. - The company has experienced negative cash flow from investing activities, with net cash flow of -19.602 million RMB in 2023 and -17.384 million RMB in 2024, indicating ongoing investments in growth [4]. Shareholding Structure - The shareholding structure is relatively dispersed, with major shareholders including BusDream, Bus Hope, Bus Cherish, and Meta Hope Ltd., holding approximately 4.46%, 6.87%, 5.17%, and 8.71% of shares respectively [5]. - Dr. Sun Xi and other parties have entered into a concerted action agreement, collectively controlling about 25.21% of the voting rights, making them the largest shareholder group [5]. Future Outlook - With the successful IPO, the company is expected to leverage capital market resources to accelerate its development and expand the application of smart temporal data services across various sectors [7]. - The company plans to enhance technological innovation and product development to improve service quality, aiming to provide users with more convenient and efficient travel experiences [7].