Core Viewpoint - Mido Group is a leading and rapidly growing integrated service platform providing digital marketing and operational support services for cross-border e-commerce companies, aiming to enhance their sales of Chinese manufactured goods to overseas consumers [1] Group 1: Business Overview - Mido Group is positioned as the fifth largest cross-border e-commerce service provider in China based on projected revenue for 2024 [1] - The company develops digital solutions that enable clients to reach target overseas consumers through major international digital media platforms such as Google, TikTok, Meta, and Amazon [1] Group 2: Fundraising and Strategic Plans - The company plans to use the funds raised from its IPO to expand its global business coverage, focusing on localizing marketing services in overseas markets, developing overseas e-commerce operations, and investing in or acquiring synergistic companies, particularly in the Southeast Asian e-commerce supply chain [1] Group 3: Financial Performance - For the fiscal year 2024, Mido Group reported a revenue of $71.132 million, a year-on-year increase of 0.4%, and a net loss attributable to shareholders of $0.059 million, an improvement from a loss of $16.414 million in the previous year [1] - The net cash flow from operating activities for 2024 was $2.735 million, a decrease of 0.44% year-on-year [1] Group 4: Recent Financial Results - From January 1 to June 30, 2025, the company achieved a revenue of $55.779 million, representing an 81.6% year-on-year increase, while the net loss attributable to shareholders was $13.528 million, compared to a loss of $0.015 million in the same period last year [2] - The net cash flow from operating activities for the first half of 2025 was $3.856 million, a significant increase from -$1.001 million in the same period last year [2] Group 5: Asset and Liability Changes - As of June 2025, accounts receivable increased by 1.62%, while cash and cash equivalents rose by 80.58%, indicating a stronger liquidity position [10] - Accounts payable increased by 48.2%, and prepayments rose by 42.33%, reflecting changes in the company's liabilities [13]