Recent IPO Yisou Technology (02550) briefly rose more than 16%, reaching a high of HK$20, setting a new record since its listing, a 244% increase from its listing price of HK$5.8. As of the time of writing, it has risen by 12.98%, to HK$19.32, with a turnover of HK$7.6174 million.
According to the financial news app, Yisou Technology (02550), a recent IPO, briefly rose more than 16%, reaching a high of HK$20, a new record since its listing, which is a 244% increase from its listing price of HK$5.8. As of the time of writing, it has risen by 12.98%, to HK$19.32, with a turnover of HK$7.6174 million and a total market value of HK$6.434 billion.
It is reported that Yisou Technology provides digital reading platform services, digital marketing services, online game publishing services, and other digital content services. During the period of previous performance records, more than 90.0% of the company's revenue mainly came from advertising services provided in digital reading platform services and digital marketing services. As of December 31, 2023, the cumulative registered users of the Yisou series of reading apps was 44.7 million.
In terms of finance, according to the company's prospectus, the company's revenue from 2021 to 2023 is expected to be RMB 433 million, RMB 456 million, and RMB 559 million, respectively, with a compound annual growth rate of 8.9%. During the same period, the net income was RMB 50.01 million, RMB 44.45 million, and RMB 25.01 million, respectively, a nearly 50% decrease in profit over the three years. In addition, the gross profit margin for the same period was 48.2%, 52.3%, and 46.5%, while the net profit margin was 11.5%, 9.7%, and 4.5%, all of which decreased year by year.