Group 1 - Yangtuo Technology Inc. (referred to as "海拍客") submitted its listing application to the Hong Kong Stock Exchange on June 30, with CITIC Securities as the exclusive sponsor [1] - 海拍客 is a leading trading and service platform in China, focusing on the home care and nutrition products sector, aiming to enhance consumer experience and promote consumption upgrades in lower-tier markets [1] - By 2024, the transaction volume of home care and nutrition products in China's lower-tier markets is expected to reach RMB 8.6 billion, making 海拍客 the largest trading and service platform in this sector with a market share of 10.1% [1][1] Group 2 - As of December 31, 2024, 海拍客's platform is projected to connect approximately 4,200 registered sellers and cover over 290,000 registered buyers across 31 provinces, cities, and autonomous regions in China [1] - The platform has over 93,000 core buyers, with each core buyer placing an average of 11 orders per month [1] - Financially, the company's revenues for 2022, 2023, and 2024 are projected to be RMB 900 million, RMB 1.07 billion, and RMB 1.03 billion, respectively, with losses of RMB 56.54 million and RMB 78.83 million in 2023 and 2024 [2]

Core Viewpoint - Yangtuo Technology Inc. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as its sole sponsor, positioning itself as the largest trading and service platform in China's low-tier market for household care and nutrition products, holding a market share of 10.1% based on 2024 transaction volume [1][4]. Group 1: Company Overview - Yangtuo Technology Inc. is a leading trading and service platform in China, focusing on household care and nutrition products, optimizing consumer experience and driving consumption upgrades in low-tier markets [4]. - The company's platform, Haipai Ke, operates on a light asset model, efficiently connecting sellers (manufacturers, distributors, and brands) with various buyers, creating a sustainable ecosystem [4]. Group 2: Market Position - By 2024, the company is expected to generate a transaction volume of RMB 8.6 billion in the low-tier market for household care and nutrition products [4]. - The Haipai Ke platform has connected approximately 4,200 registered sellers and covers over 290,000 registered buyers across 31 provinces, cities, and autonomous regions in China [4]. Group 3: Financial Performance - The company's revenue increased by 19.2% from RMB 895.3 million in 2022 to RMB 1,066.8 million in 2023, primarily due to a strategic shift towards a profit-focused model [5][7]. - Revenue is projected to remain relatively stable at RMB 1,066.8 million for 2023 and RMB 1,032.4 million for 2024 [5][7]. - The company reported a net loss of RMB 56.5 million for the year ending December 31, 2023, and a projected loss of RMB 78.8 million for 2024 [7].