Zhitong Financial APP learned that according to the disclosure of the Hong Kong Stock Exchange on February 22, Quantification Technology Co., Ltd. submitted a listing application to the main board of the HKEx, with China International Capital Corporation and CITIC as its co-sponsors. It is worth noting that this is the second time that Quantified Technology has delivered to the HKEx, the last time was June 29, 2022.

Quantification Technology is a Chinese digital solution provider that uses the company's technology and applications to digitize its business operations, connect its business to the Internet, access its online user base and optimize its business performance. The company's digital solutions help consumer-related vertical industries, including (I) finding target customers for financial institutions that meet their loan application criteria and (ii) matching their target customers for commodity suppliers and local merchants, enabling the sale of goods and services. According to Frost Sullivan, in 2022, the company ranked seventh among digital solution providers in Chinese scenarios (proprietary applications or websites of providers themselves or their enterprise customers) by revenue, accounting for 0.7% of the market.

Quantification Technology said that the company's business model integrates the company's digital solutions on the company's applications with the unified AI enabling digital technology platform (upgraded from Quantum Rubik's Cube), enabling the company to deliver one-stop solutions to its business partners on a performance-based basis, enabling it to operate and expand its business effectively and gain and attract more end-users.

Quantitative Technology points out that, just as the company's applications are deployed, the company's digital technology platform helps the company's business partners target end-users interested in different goods and services for precise marketing, digitize several business operations, and provide a unified interface that connects and enhances all of the company's solutions. Quantity Planet from digital operation, precision marketing, customer acquisition, target customer analysis to customer activity to support the company's closed-loop business model. With the five modules of operations, algorithms, goods and services, marketing and customer service, since December 2021, the company's business partners will be able to effectively manage their business operations, marketing tools, end users, goods and services through a unified interface.

Quantitative Technology emphasizes that the company's business scale has grown during the track record period, benefiting from the company's attractive business model and strong competitive advantage. The company has a large number of high-quality business partners and has established a long-term relationship with them. the number of business partners has increased from 51 in 2020 to more than 2457 in 2022.

From its inception to December 31, 2022, the company has served a total of more than 46.1 million registered end users through service business partners and delivery enabling scenarios. For the years ended December 31, 2020, 2021 and 2022, the trading volume enabled by the company through digital marketing and commodity trading was RMB 3.1 billion, RMB 5.3 billion and RMB 3.6 billion, respectively. As of December 31, 2022, Yangxiaoba provides more than 827000 inventory units and has more than 45.8 million registered users.

In terms of finance, the company realized other income of 197 million yuan (the same below), 351 million yuan and 475 million yuan respectively in 2020,2021 and 2022, while the net profit in the same period was 22.334 million yuan, 54.006 million yuan and-283000 yuan respectively.