New stock news | Yangtuo Technology Inc. submits application to the Hong Kong Stock Exchange, owns the mother and baby platform "Haipak."

According to the disclosure by the Hong Kong Stock Exchange on June 30th, Yangtuo Technology Inc. has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. According to Frost & Sullivan's data, based on the trading volume in 2024, the company has become the largest trading and service platform providing services to enterprises in the Chinese low-end market for family care and nutrition products, with a market share of 10.1%. According to the prospectus, the company is a leading trading and service platform in China, focusing on the field of family care and nutrition products. By integrating the supply chain of family care and nutrition products, the company provides enterprise customers with high-quality, thoughtful, stable and reasonably priced combinations of family care and nutrition products, optimizing consumer experience and promoting consumption upgrades in the low-end market. In 2024, the trading volume of family care and nutrition products in the Chinese low-end market generated by the company amounted to RMB 8.6 billion. The company's Haipaike platform adopts a light-asset model, efficiently connecting sellers of family care and nutrition products (including manufacturers, distributors, and brands) with various buyers, building a comprehensive, healthy, symbiotic, and sustainable ecosystem. As of December 31, 2024, based on the trading volume in 2025, the Haipaike platform has become the largest trading and service platform providing services to enterprises in the Chinese low-end market for family care and nutrition products, connecting approximately 4,200 registered sellers and covering 31 provinces, municipalities, and autonomous regions nationwide, as well as covering approximately 290,000 registered buyers in over 3,000 townships and counties. Financially, the company's revenue increased by 19.2% from RMB 8.953 billion for the year ended December 31, 2022, to RMB 10.668 billion for the year ended December 31, 2023, mainly due to an increase in revenue generated by the company's self-operated business, driven by the strategic transformation from a scale-oriented to a profitability-focused model. For the years ended December 31, 2023, and December 31, 2024, the company's revenue remained relatively stable, at RMB 10.668 billion and RMB 10.324 billion, respectively. Risk factors include the company's success depending on whether it can create strong synergy among all participants on its digital platform. If the company fails to maintain or enhance such synergy, its business, operating performance, and financial results could be significantly adversely affected. If the company fails to retain existing customers or attract new customers, or if customer engagement and revenue contribution decline, its financial condition and business operations could be significantly adversely affected.