Leo Group, a Chinese Digital Marketing and Pump Systems Leader, Files for Hong Kong IPO

Deep News06-01

Leo Group Co.,Ltd., a Shenzhen-listed company, has submitted an application for an initial public offering on the Hong Kong Stock Exchange.

This filing, submitted on May 29, 2026, marks the company's renewed attempt to list in Hong Kong following the lapse of a previous application in September 2025.

The company, which has been listed on the Shenzhen Stock Exchange since April 2007, had a market capitalization of approximately 40.5 billion yuan as of May 29, 2026.



**Leo Group Co.,Ltd. (002131.SZ)**

Founded in 2001, the company operates with a dual-core business model focused on digital marketing and pump systems.

According to Frost & Sullivan, the company was the largest digital marketing firm in China by revenue in 2025, holding a 1.16% market share.

Its digital marketing strategy is built on an AI-powered, full-chain marketing system that covers demand insight, creative generation, ad placement, post-campaign optimization, and customer service.

In its foundational pump and systems business, the company is a top-three domestic provider by revenue and exports products to over 160 countries and regions.

It has supplied major international projects, including the Qatar World Cup and the South-to-North Water Diversion Project in China.

The company is also expanding into related areas, having established a subsidiary, LionGate Semiconductor, to develop core power semiconductor components like IGBT and SiC modules.



The controlling shareholder group consists of brothers Wang Xiangrong and Wang Zhuangli, who together hold approximately 17.22% of the shares.

The board of directors includes four executive directors, led by Chairman and General Manager Wang Xiangrong, and three independent non-executive directors.

For the fiscal years 2023 through 2025, the company reported revenues of 20.471 billion yuan, 21.171 billion yuan, and 20.050 billion yuan, respectively.

Net profits for the same periods were 1.939 billion yuan, a loss of 304 million yuan, and a loss of 10 million yuan.

The IPO's sponsor team is led by joint sponsors Huatai International and China Galaxy International.

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