Group 1 - HBN's parent company, Shenzhen Hujia Technology (Group) Co., Ltd., submitted a listing application to the Hong Kong Stock Exchange on January 26, with Meitu as a significant shareholder holding 23.81% [2] - HBN, founded in 2019, focuses on skincare products with a pricing range of 129 to 689 yuan, promoting the "morning C, evening A" skincare concept [2] - Meitu's investment in HBN began in 2020, as part of a strategic transformation plan to enter the social sector amid increasing competition [2][3] Group 2 - Meitu reported a turnaround in profitability in 2022, largely attributed to the fair value gains from its investment in HBN, estimated between 485 million to 565 million yuan [3] - HBN's shareholding structure changed, with Meitu's stake decreasing from 28.2% to 23.81% due to share transfers and capital increases, while the largest shareholders are now Yao Zhenan (35.08%) and Wang Yang (13.6%) [3] - HBN's revenue for 2023, 2024, and the first three quarters of 2025 is projected at 1.948 billion, 2.083 billion, and 1.514 billion yuan, respectively, with net profits of 39 million, 129 million, and 145 million yuan, maintaining a gross margin of 73% to 77% [3] Group 3 - On the same day HBN submitted its listing application, Meitu acknowledged the move and expressed intent to continue holding its stake in HBN, citing potential synergies between their beauty businesses [4]
HBN启动上市：美图持股23.8%，创始人已进董事会