On the second trading day after its listing, Yisou Technology (02550) rose more than 32%, reaching a high of HKD 14.86, up more than 156% from its offer price of HKD 5.8. As of press time, it rose by 25% to HKD 13.9, with a turnover of HKD 13.01 million.
According to the Intelligent Financial News app, on the second trading day after its listing, Yisou Technology (02550) rose more than 32%, reaching a high of HKD 14.86, up more than 156% from its offer price of HKD 5.8. As of press time, it rose by 25% to HKD 13.9, with a turnover of HKD 13.01 million.
It is reported that Yisou Technology is a company that focuses on the research and development of artificial intelligence recommendation technology and applies intelligent recommendation engines to various scenarios. According to the prospectus, the company's revenue in 2023 was RMB 559 million, with a net income of RMB 25 million and a gross profit margin of 46.46%. Digital reading platform services and digital marketing services are the company's two core business lines, with revenues of RMB 249 million and RMB 289 million in 2023, accounting for 44.5% and 51.7% of total revenue, respectively.
In the field of digital reading platform services, the cumulative registered user of Yisou series reading App as of December 31, 2023 is 44.7 million. During the previous performance period, the user activity on the company's platform has been increasing. The average monthly active users of Yisou series reading App have increased from 23.9 million in 2021 to 25.6 million in 2022, and further increased to 26 million in 2023.