Core Insights - The company reported a revenue of 14.454 billion yuan for the first three quarters of 2025, a year-on-year decrease of 8.80%, but achieved a net profit of 589 million yuan, marking a turnaround from losses [1] - The company plans to distribute a cash dividend of 0.05 yuan per share, totaling 32.2388 million yuan, reflecting strong cash flow and operational quality [1] Business Performance - Despite intensified market competition leading to a short-term revenue decline, the company's fundamentals remain robust [1] - The company is actively innovating in the pump systems and digital marketing sectors to capture new market shares in response to the evolving demand driven by AI applications [1] Pump Systems Business - The company has introduced liquid cooling centrifugal pumps and innovative shielded pumps to meet the high dependency of liquid cooling systems on pumps, driven by the demand for AI computing power [1] - The company aims to become a leading player in the niche market by leveraging its technological advantages, cost efficiency, and system integration capabilities [1] Digital Marketing Business - The company launched the first fully MCP protocol-supported programmatic advertising tool in China, facilitating the integration of large language models with existing programmatic advertising software [2] - The company has developed the AIGC platform "LEOAIAD" and established a four-layer technical product system covering the entire marketing chain, enhancing efficiency while maintaining creativity [2] - The company has been recognized as a leader in the digital marketing sector in China, consistently ranking first in the digital marketing company rankings by the Chinese Academy of Sciences [2] Future Focus - The company aims to build competitive advantages centered on continuous innovation, efficient operations, and exceptional talent, with a commitment to deepening AI applications [3] - The goal is to become a leading enterprise in AI-driven digital marketing and pump systems [3]

Core Viewpoint - Liou Co., Ltd. is set to list on the Hong Kong Stock Exchange, marking a significant step in its capital internationalization strategy, leveraging its dual core businesses of AI digital marketing and intelligent pumps to create unique investment value [1][10] Group 1: AI Digital Marketing - Liou has established itself as the leading player in China's AI digital marketing sector, holding a market share of 1.29%, which is 32% higher than the second-ranked competitor [2] - The company employs a comprehensive "product-effect-sales" model, effectively covering key industry clients, particularly in the automotive sector [2][3] - Revenue from the digital marketing segment has shown stability, with figures of 159.31 billion, 165.14 billion, and 164.35 billion for the years 2022, 2023, and 2024 respectively, contributing 77.1% of total revenue in the first half of 2025 [3] - Liou leads the industry in AI application standards, having developed a four-layer technology system that enhances operational efficiency and sets industry benchmarks [3][4] Group 2: Intelligent Pumps and Systems - The intelligent pumps and systems segment is a cash cow for the company, with a high average gross margin exceeding 25% over the past three years [5][6] - In 2024, this segment generated revenue of 42.34 billion, reflecting a year-on-year growth of 21.56% [6] - Liou's global presence includes five modern manufacturing bases, with a focus on reducing trade barriers and enhancing delivery efficiency [9] - The company has made significant technological advancements, including the development of high-efficiency motors and smart control systems, which have improved product performance [7] Group 3: Globalization and Capital Internationalization - Liou's overseas revenue has been growing rapidly, with a year-on-year increase of 25.54% in 2024, and the share of overseas income rising from 7.7% in 2023 to 12.2% in the first half of 2025 [8] - The company is pursuing a dual capital platform strategy (A+H) to attract global investors and support its international expansion [10] - The upcoming Hong Kong listing is expected to enhance the company's global brand influence and provide funding for its overseas operations and digital marketing initiatives [10][12]

Core Viewpoint - Liou Co., Ltd. is set to list on the Hong Kong Stock Exchange, marking a significant step in its capital internationalization strategy, leveraging its dual core businesses of AI digital marketing and intelligent pumps and systems to create unique investment value [1][10] Group 1: AI Digital Marketing - Liou has established itself as the absolute leader in China's AI digital marketing sector, holding a market share of 1.29%, which is 32% higher than the second-ranked competitor [2] - The company employs a full-link integrated model that covers marketing ecology, with significant advantages in the automotive sector and partnerships with major media and mobile manufacturers [2][3] - Revenue from the digital marketing segment has shown stability, with figures of 159.31 billion, 165.14 billion, and 164.35 billion yuan for the years 2022, 2023, and 2024 respectively, contributing 77.1% of total revenue in the first half of 2025 [3] - Liou leads the industry in AI application standards, with a comprehensive four-layer technology system that enhances operational efficiency and sets industry benchmarks [3][4] Group 2: Intelligent Pumps and Systems - The intelligent pumps and systems segment is a cash cow for the company, with a high gross margin averaging over 25% and stable cash flow, contributing significantly to AI research and global expansion [5][6] - Liou ranks second in the domestic pump and system market and first in exports, with a presence in over 160 countries and partnerships with more than 300 distributors [6] - The company has made significant technological advancements, including the development of high-efficiency motors and smart frequency drive systems, enhancing its competitive edge in the market [7] Group 3: Globalization and Capital Internationalization - Liou's overseas business has become a crucial growth engine, with overseas revenue growing by 25.54% in 2024 and accounting for 12.2% of total revenue in the first half of 2025 [8][9] - The company has established a comprehensive global operational system, with modern manufacturing bases in both domestic and international locations, effectively reducing trade barriers and delivery times [9] - The upcoming Hong Kong listing is expected to attract global investors, supporting the company's global development and enhancing its brand influence [10][11]