Core Viewpoint - Liou Co., Ltd. has submitted an application to the Hong Kong Stock Exchange, focusing on "AI-driven digital marketing and smart pumps and systems" as its core business model, which creates a unique industrial barrier and supports stable development [1] Group 1: Business Overview - Liou Co., Ltd. operates with a dual-core business model of "AI digital marketing + smart pumps and systems," which allows for complementary advantages and collaborative empowerment [1] - The AI digital marketing segment is projected to achieve the largest revenue scale in China's digital marketing market by 2024, holding a market share of 8.72% in the digital advertising agency sector, ranking first in the industry [1] - The smart pumps and systems segment ranks second in China's pump and system industry and thirteenth globally by revenue in 2024, with the highest export value in the domestic civil pump sector [1] Group 2: Financial Performance - Total revenue for 2022, 2023, and 2024 is projected to be 20.268 billion, 20.471 billion, and 21.171 billion respectively, indicating stable growth [2] - The gross profit margin is expected to remain in the range of 8.4% to 8.9%, reflecting stable profitability [2] - As of June 30, 2025, the current ratio is projected to be 2.3, and the debt-to-asset ratio is 14.2%, indicating a healthy financial structure and strong risk resistance [2] Group 3: Cash Flow Management - The cash flow contribution from the two core businesses is stable, with the pump and system business achieving a cash flow recovery rate exceeding 90% due to a "payment before delivery" settlement model [2] - The digital marketing business effectively controls accounts receivable turnover days, projected to be 93 days in 2024, showcasing outstanding overall working capital management [2]

Core Insights - Lio Co., Ltd. has submitted an application to the Hong Kong Stock Exchange, focusing on "AI-driven digital marketing and smart pumps and systems" as its core business model [1] - The company operates with a dual-core business model that combines AI digital marketing and smart pumps, creating unique industry barriers and providing robust support for stable development [1] Business Performance - Lio's AI digital marketing business is projected to achieve the largest revenue in China's digital marketing market by 2024, holding a market share of 8.72% in the digital advertising agency sector, ranking first in the industry [1] - The smart pumps and systems segment ranks second in China's pump and system industry and thirteenth globally by revenue in 2024, with the highest export value in the domestic civil pump sector [1] Financial Health - Total revenues for 2022, 2023, and 2024 are projected to be 20.268 billion, 20.471 billion, and 21.171 billion yuan respectively, indicating stable growth [2] - The gross profit margin is expected to remain between 8.4% and 8.9%, reflecting stable profitability [2] - As of June 30, 2025, the current ratio is projected to be 2.3, and the debt-to-asset ratio is 14.2%, indicating a healthy financial structure and strong risk resistance [2] Cash Flow Management - The cash flow from the two core businesses is stable, with the pump and system business achieving a cash collection rate exceeding 90% due to a "payment before delivery" settlement model [2] - The digital marketing business optimizes settlement with leading media platforms, effectively controlling accounts receivable turnover days, projected to be 93 days in 2024 [2]

Core Insights - Liou Co., Ltd. has submitted an application to the Hong Kong Stock Exchange, focusing on "AI-driven digital marketing and smart pumps and systems" as its core business [1] - The company operates under a dual-core business model that combines AI digital marketing and smart pumps, creating unique industry barriers and providing robust support for stable development [1] Business Performance - Liou Co., Ltd. is projected to achieve revenues of 20.268 billion yuan, 20.471 billion yuan, and 21.171 billion yuan for the years 2022, 2023, and 2024 respectively, indicating a stable growth trend [2] - The gross profit margin is maintained within the range of 8.4% to 8.9%, reflecting stable profitability [2] Market Position - In the digital marketing sector, Liou Co., Ltd. is expected to lead the Chinese market with a market share of 8.72% in 2024, ranking first in the industry [1] - The smart pumps and systems segment ranks second in China and thirteenth globally, with the company being the top exporter in the domestic civil pump sector [1] Financial Health - As of June 30, 2025, the current ratio is 2.3, and the debt-to-asset ratio is 14.2%, indicating a healthy financial structure and strong risk resistance [2] - The cash flow from both core businesses is stable, with the pump and system business achieving a cash collection rate exceeding 90% due to a "payment before delivery" settlement model [2]