新股消息 | 云天励飞拟港股上市 中国证监会要求补充说明业务经营范围等情况

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for 11 companies, including Yuntian Lifei, regarding their overseas listing applications, focusing on compliance with foreign investment policies and operational norms [1][2]. Group 1: Company Operations - Yuntian Lifei is required to clarify its business scope, specifically regarding its operations in value-added telecommunications, electronic publishing, and advertising, ensuring compliance with foreign investment restrictions and necessary licenses [1][2]. - The company must provide a detailed explanation of its business model and the involvement of large models, including whether it has completed the necessary registrations for these models [1][2]. Group 2: Regulatory Compliance - Yuntian Lifei must confirm whether it or its subsidiaries are involved in developing or operating websites, apps, or other digital products, and detail the types of information content provided to third parties, along with user data protection measures [2]. - The company is required to ensure compliance with the regulations regarding overseas issuance and listing, specifically checking for any prohibitive circumstances [2]. Group 3: Financial Performance - Yuntian Lifei reported revenues of approximately 546 million RMB, 506 million RMB, and 917 million RMB for the fiscal years 2022, 2023, and 2024, respectively, with losses of about 448 million RMB, 384 million RMB, and 572 million RMB during the same periods [3]. - For the three months ending March 31, 2024, and 2025, the company recorded revenues of approximately 98.4 million RMB and 264 million RMB, with losses of about 13.8 million RMB and 85.8 million RMB, respectively [3].