On September 29, Leo Group Co.,Ltd. (002131.SZ), a Shenzhen Stock Exchange main board listed company focused on "AI-driven digital marketing and smart pump systems" as its core businesses, submitted its application to the Hong Kong Stock Exchange, with Huatai International and China Galaxy International serving as sponsors.
Leo Group Co.,Ltd. operates under a "AI digital marketing + smart pump systems" dual-core business model, where the two major segments complement each other and create synergistic empowerment, forming unique industry barriers that provide dual support for the company's steady development.
After more than 10 years of development, Leo Group Co.,Ltd.'s AI digital marketing business achieved the largest revenue scale in China's digital marketing market based on 2024 revenue, making it a leading AI-driven digital marketing group in China with full-chain service capabilities. The company has consistently topped the digital marketing company rankings by the Chinese Academy of Sciences' "Internet Weekly" for multiple years and received certification as a "Digital Advertising Leading Enterprise" from the Shanghai Advertising Association. In the digital advertising agency sector, the company holds an 8.72% market share based on 2024 data, ranking first in the industry.
The smart pump systems business serves as the group's cornerstone operation, ranking second domestically in the pump and systems industry by 2024 revenue and thirteenth globally. Based on 2024 export volume, it is the leading domestic provider in the civilian pump sector for exports, with products covering over 160 countries and regions. The company maintains deep cooperation with more than 300 distributors, and its core customers include globally renowned equipment brands and leading domestic infrastructure state-owned enterprises, establishing substantial customer resource barriers.
From 2022 to 2024, total revenue reached 20.268 billion yuan, 20.471 billion yuan, and 21.171 billion yuan respectively, maintaining stable growth momentum. Gross profit margins remained within the 8.4%-8.9% range, with fundamentally stable profitability. As of June 30, 2025, the current ratio reached 2.3 times with an asset-liability ratio of 14.2%, demonstrating healthy financial structure and strong risk resistance capabilities.
Both core businesses contribute stable cash flows. The pump and systems business, leveraging its "payment before delivery" partial settlement model and long-term customer relationships, achieves a cash flow collection rate exceeding 90%. The digital marketing business effectively controls accounts receivable turnover days through settlement optimization with leading media platforms (93 days in 2024), demonstrating outstanding overall working capital management capabilities.
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