Core Insights - 米连科技 is a unique unicorn in the Hong Kong stock market, focusing on emotional social networking, having been established in 2015 and launching video dating features in 2017 [1][2] - The company reported significant financial growth, with a revenue of 1.917 billion yuan in the first half of 2025, representing an 85.9% year-on-year increase, and a net profit of 262 million yuan, up 490% [1][2] Company Overview - Full Company Name: 米连科技有限公司 [2] - IPO Progress: Submitted listing application to the Hong Kong Stock Exchange on September 29, 2025 [2] - Main Business: Online emotional social networking platform [2] - Core Products: Domestic applications include 伊对 and 贴贴, while overseas applications include HiFami, Chatta, and Seeta [2] - Financial Performance: - 2025 H1: Revenue of 1.917 billion yuan, profit of 262 million yuan [2] - 2024: Revenue of 2.373 billion yuan, profit of 146 million yuan [2] - 2022-2023: Experienced losses [2] - User Metrics: As of June 30, 2025, average monthly active users reached 9.9 million, with 1.2 million average monthly paying users [2] Business Model and Revenue Generation - 米连科技 addresses user needs for dating and interest-based interactions, focusing on breaking the "social isolation" phenomenon [3][4] - The company primarily monetizes through paid features, with 1.2 million average paying users contributing to nearly 2 billion yuan in revenue for H1 2025 [4][5] - Users pay for features such as priority matching and precise filtering of social contacts based on interests and preferences [4][5] Market Trends and Competitive Landscape - The emotional social networking sector is experiencing rapid growth, with a projected market size of 22.6 billion yuan by 2024 and a compound annual growth rate of 32.8% from 2020 to 2024 [8][10] - The shift from traditional social networking to video-based interactions has positioned 米连科技 favorably within the market [6][7] - The company faces competition from platforms like 百合佳缘 and 探探, which cater to different user demographics and preferences [17][23] User Demographics and Behavior - The primary user base consists of urban professionals aged 30-45, accounting for 58% of users on the 伊对 platform [3][4] - Younger users (18-29 years) prioritize features like interest tagging and priority matching, with over 70% willing to pay for time-saving social interactions [12][13] Future Opportunities - The emotional social networking space still has room for new entrants, particularly in niche markets and emerging regions with low online social penetration [25] - Potential areas for growth include targeting specific demographics like the elderly or Gen Z interest communities, as well as leveraging advancements in AI and virtual social technologies [25]

当互联网相亲逐渐成为当代人"脱单主干道"，资本市场已率先捕捉到这一领域的发展潜力。作为北京米 连科技旗下核心情感社交平台，伊对的成长轨迹中，始终离不开强大资本力量的加持与赋能。 始终坚守合规底线，米连科技以"情感社交"为核心定位，既贴合传统文化，又提升匹配效率。从人民 网、小米的资本加持，到与公安部构建的安全矩阵，米连科技用三年织就"政府—资本—产业" 闭环， 在结婚率下行周期中，以技术之网守护亿万年轻人的情感社交安全。 技术创新是安全防护的核心底气。伊对依托大数据智能监测、多模态大模型与行为画像构建全天候防护 体系，建立敏感词库与实时触发预警，能够快速识别诱导转账、虚假理财等高风险行为并及时处置。平 台每月发布风控报告，梳理新型骗局与风险趋势，重要节点如七夕期间进一步加严规则、提升处置速 度，切实守护用户财产安全。 安全底色之上，平台用户规模与市场影响力持续攀升。凭借技术实力与运营成果，米连科技连续三年入 选德勤"中国高科（600730）技高成长50强"，2024年位列"亚太区 500 强"第87 位。 米连科技成立于2015年，是国家高新技术企业和北京中关村高新技术企业。2020年B轮融资阶段，具有 国资 ...