Core Viewpoint - Quantitative Technology Co., Ltd. (referred to as "Quantitative Technology") has updated its prospectus and is preparing for an IPO on the Hong Kong Stock Exchange after obtaining approval from the China Securities Regulatory Commission six months ago [2]. Financial Performance - Quantitative Technology reported revenues of RMB 475 million, RMB 530 million, and RMB 993 million for the years 2022, 2023, and 2024 respectively, with gross profits of RMB 313 million, RMB 368 million, and RMB 962 million for the same years [5]. - For the first five months of 2025, the company generated revenue of RMB 414 million, a 38% increase from RMB 300 million in the same period the previous year, with an operating profit of RMB 231 million compared to RMB 111 million in the prior year [8]. - The adjusted EBITDA for 2022, 2023, and 2024 was RMB 137 million, RMB 155 million, and RMB 418 million respectively, with an adjusted EBITDA of RMB 250 million for the first five months of 2025, up from RMB 139 million in the same period last year [10][12]. Business Operations - Quantitative Technology specializes in digital solutions, including digital marketing services for financial institutions and local businesses, and enabling product trading through its applications [3]. - As of September 12, 2024, the company terminated all existing agreements related to matching services with financial institutions, ceasing to generate any revenue from these services [3]. User Metrics - In the first five months of 2025, the average revenue per user was RMB 25,622, with an average of 937,041 monthly active users and 66,888 monthly paying users [7]. Shareholding Structure - Major shareholders include Sunshine Insurance and Gaorong Capital, with the largest individual shareholder being Zhou Hao, who holds 23.72% through Mars Legend Limited [13][15][19].