New Stock News: Leo Group Co., Ltd. (002131.SZ) submitted an application to the Hong Kong Stock Exchange for the A+H listing of its digital marketing and intelligent pump and system business.

On September 29th, Leo Group Co., Ltd. (002131.SZ), a Shenzhen Stock Exchange-listed company with "AI-driven digital marketing and intelligent pumps and systems" as its core business, submitted its application to the Hong Kong Stock Exchange. The sponsors are Huatai International and China Galaxy International. Leo Group Co., Ltd. adopts a dual-core business model of "AI digital marketing + intelligent pumps and systems," with the two sectors complementing each other and synergizing to create a unique industrial barrier, providing double support for the stable development of the company. After more than 10 years of cultivation, Leo Group Co., Ltd.'s AI digital marketing business is expected to achieve the number one revenue in the Chinese digital marketing market by 2024, making it the leading AI-driven digital marketing group in China with full-service capabilities. The company has continuously topped the rankings of the Chinese Academy of Sciences' Internet Weekly's digital marketing company list and has been certified as a "leading digital advertising enterprise" by the Shanghai Advertising Association. In the field of digital advertising agencies, the company is expected to hold a market share of 8.72% by 2024, ranking first in the industry. The intelligent pumps and systems sector, as the cornerstone business of the group, is expected to rank second domestically in the pump and system industry by revenue in 2024, and thirteenth globally. In terms of export volume in 2024, the company is the top provider of civilian pumps in China, with products covering more than 160 countries and regions and deep cooperation with over 300 distributors. Its core customers include globally renowned equipment brands and leading domestic construction-class state-owned enterprises, creating a strong customer resource barrier. The total revenue for the years 2022-2024 reached 20.268 billion, 20.471 billion, and 21.171 billion respectively, maintaining a stable growth trend. The gross profit margin remained in the range of 8.4%-8.9%, and profitability remained stable. As of June 30, 2025, the current ratio reached 2.3 times, the asset-liability ratio was 14.2%, the financial structure was healthy, and the risk resistance was strong. The stable cash flow contribution from the two core businesses is evident, with the pumps and systems business benefiting from a "payment before delivery" settlement model and long-term customer relationships, leading to a cash flow recovery rate of over 90%. The digital marketing business effectively controls accounts receivable turnover days (93 days in 2024) through optimized settlements with leading media platforms, highlighting excellent working capital management capabilities.