Zhitong Financial APP learned that Yisou Technology Holdings Limited submitted a listing application to the main board of the Hong Kong Stock Exchange, with Bank of China International as its exclusive sponsor, according to the disclosure of the Hong Kong Stock Exchange on Feb. 27.

Yisou Technology was established in 2005 and has successfully applied its own intelligent recommendation engine, the Yisou artificial Intelligence recommendation engine, to a variety of "data-to-human connection" application scenarios, including digital reading recommendation, digital marketing, online game distribution and other digital content. Companies usually use the appropriate search artificial intelligence recommendation engine to collect, analyze, match or predict the needs and / or preferences of users and corporate customers to meet their different needs.

The company's appropriate search series Reading App has a cumulative total of 44 million registered users as of September 30, 2022. User activity on the company's platform has increased during the track record period. The average number of monthly active users of Yisou series reading App increased from 21.1 million in 2020 to 23.9 million in 2021, and further increased to 25.5 million in the nine months ended September 30, 2022. In 2020, 2021 and the nine months ended September 30, 2022, the average monthly income of each fee-paying household of Yisou series reading App was RMB35.7, RMB45.2 and RMB56.9, respectively.

The company's artificial intelligence recommendation technology is the basis for driving all businesses. Through dedicated research and development efforts in artificial intelligence recommendation technology, the company has developed a six-tier Yisou artificial intelligence recommendation engine. The following figure illustrates the overall architecture of the six-tier artificial intelligence recommendation engine.

On the financial front, the income for the first nine months of 2020, 2021 and 2022 was 410 million yuan (RMB, the same below), 433 million yuan and 332 million yuan respectively, while the profit for the same period was 31.305 million yuan, 50.011 million yuan and 30 million yuan respectively.

It is worth noting that the company does not produce proprietary digital content and mainly relies on third-party content providers of digital reading, online games and other digital content to recommend to users and customers. The company cannot guarantee that its cooperation agreements with third-party content providers will be renewed or renewed after their respective expiration. In terms of access to digital content, the company may face delays in launching new digital content because it selectively selects the right content products from third-party content providers. Companies may not be able to obtain quality or comprehensive digital content in a timely manner or at all. In addition, if any of the company's third-party content providers breach its obligations under any such agreement, the company may lose some of the user base developed and maintained. If this happens, the company's business growth and prospects may be significantly adversely affected.