Core Viewpoint - Mido Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CCB International as the sole sponsor. The company is positioned as the fifth largest cross-border e-commerce service provider in China based on projected 2024 revenue [2]. Group 1: Company Overview - Mido Group is headquartered in Fuzhou, Fujian, and primarily provides digital marketing and operational support services for cross-border e-commerce businesses. It operates three main divisions: GuoDuoduo (focused on independent site marketing), KeDuoduo (specializing in industry exhibition planning), and JuDuoduo (a digital technology service platform for cross-border e-commerce) [2]. - The company's digital solutions enable clients to reach target overseas consumers through leading international digital media platforms such as Google, TikTok, Meta, and Amazon [2]. Group 2: Financial Performance - Mido Group's revenue for the years 2022, 2023, 2024, and the first half of 2025 is projected to be $65.17 million, $70.85 million, $71.13 million, and $55.78 million respectively. The net profit figures for the same periods are $1.64 million, -$16.41 million, -$0.16 million, and -$19.85 million [4][5]. - The gross profit margin as of June 30, 2025, is reported at 4.8%, with a debt-to-equity ratio of 106.8% [6]. Group 3: Management and Ownership - The board of directors consists of seven members, including two executive directors: Ruan Weixing, the chairman, and Deng Hai, the CEO [7]. - Ruan Weixing holds approximately 41.27% of the shares through RUANQi Holding, making him the controlling shareholder. Deng Hai holds 21.49% through INMI Holding [10].

12月9日，米多多集团股份有限公司(简称"米多多集团")向港交所递交上市申请。公司作为综合服务平 台，主要为跨境电商企业提供数字营销及运营支援服务。 2022年、2023年、2024年以及2025年上半年，米多多集团净利润分别为164.1万美元、-1641.3万美 元、-16.3万美元以及-1985万美元，盈利能力整体欠佳。 根据灼识咨询的资料，以2024年的收入计算，米多多集团为中国第五大跨境电商服务供应商。公司的数 字解决方案让企业客户通过Google、TikTok、Meta及Amazon等国际领先的数字媒体平台触达目标海外 消费者。 计划扩大全球业务覆盖 米多多集团面对的主要风险包括：公司在提供海外广告服务时，媒体资源采购依赖数目有限的供应商； 若公司未能维持和扩大公司的客户群或吸引新客户，经营业绩及财务状况可能受到重大不利影响；公司 与国际数字媒体平台的关系中断及安排的不利变动，可能会对公司的业务及经营业绩产生重大不利影 响；经营活动产生负现金流量，或会面临流动资金风险，并可能影响公司营运的灵活性。公司主要通过 向客户提供海外营销服务产生收入，公司通常与客户订立短期服务合约，这使得收入面临不确定性及潜 ...