New Stock News | Lemo Delivery has ranked first in the trading volume among intelligent massage service providers in Mainland China on the Hong Kong Stock Exchange from 2021 to 2023.

According to the disclosure by the Hong Kong Stock Exchange on January 21, Fujian LeMo Wellness Technology Co., Ltd. (referred to as "LeMo") has submitted its listing application to the main board of the Hong Kong Stock Exchange, with China Securities Co., Ltd. International and Shenwan Hongyuan Group Hong Kong as the joint sponsors. The prospectus shows that LeMo is a leading provider of intelligent massage services in mainland China. According to data from Frost & Sullivan, for the three consecutive years from 2021 to 2023, based on transaction volume, the company ranked first among all intelligent massage service providers in mainland China, with market shares of 29.4%, 33.9%, and 37.3% respectively, leading the market. The company launched the "LeMo Bar" brand in 2016, combining innovative intelligent massage technology and data-driven customized services with traditional device massage to provide consumers with more relaxing, convenient, and professional intelligent massage services in commercial complexes, cinemas, transportation hubs (including airports, high-speed rail stations, etc.) and other consumption scenarios. As of the latest feasible date, LeMo has established over 45,000 service points for intelligent massage services, deployed over 500,000 intelligent massage devices, covering 31 provincial-level administrative regions and 339 cities in mainland China. The company's service network expanded from 21,727 service points as of December 31, 2022 to 32,141 service points as of December 31, 2023, a growth of approximately 47.9%, and further expanded to over 45,000 service points as of the latest feasible date. In terms of consumer coverage, the company has a strong market position, with a cumulative identifiable service population of over 150 million and over 2.8 million registered members as of the latest feasible date. LeMo pioneered the concept of "intelligent massage space," transforming traditional device massage into intelligent massage space. The intelligent massage space is a multidimensional intelligent massage zone that combines customized massage services provided by advanced intelligent massage devices with relaxing and leisure experiences tailored to different consumer contexts. By applying innovative technology and multi-dimensional spatial design, the company provides consumers with a more relaxing, convenient, and professional intelligent massage service experience. In terms of innovative technology applications, the company's intelligent massage space is remotely connected to the company's digital platform LMB Links through third-party cloud services to achieve remote and digitized monitoring of network operations. Additionally, the company's intelligent massage space matches corresponding styles of intelligent massage devices based on different consumer needs. Financially, for the fiscal years 2022, 2023, and the nine months ended September 30, 2023, LeMo achieved revenues of approximately RMB 330 million, RMB 587 million, RMB 442 million, and RMB 615 million respectively. During the same periods, the net profits and comprehensive income totals were RMB 6.481 million, RMB 87.34 million, RMB 92.734 million, and RMB 93.11 million.