New stock news | Miliantech submits application to HKEX, leading the way in the ten billion emotional social networking track.

According to the disclosure of the Hong Kong Stock Exchange on April 1st, Milian Technology Co., Ltd. (referred to as Milian Technology) has submitted a listing application to the Hong Kong Stock Exchange Main Board, with Huatai International as its exclusive sponsor. As a leading online emotional social platform in China, Milian Technology is well aware of the different needs that users face when establishing emotional connections, and is committed to creating a platform that helps users establish and maintain emotional relationships. Milian Technology has built a diversified product matrix covering both domestic and overseas markets. In China, in addition to the flagship application "Yidui", the voice social application "Tietie" targeting young people has also shown strong growth momentum, with registered users increasing from 4.15 million in 2023 to 24.42 million in 2025, and average monthly active users increasing from 210,000 to 1.52 million. In terms of overseas layout, the company has launched products such as HiFami, Chatta, and Seeta, serving users in Southeast Asia, the Middle East, North America, and South America, with some products targeting Filipino and Latin American users achieving rapid growth. The average monthly active users of overseas applications increased from 840,000 in 2023 to 4 million in 2025. According to data from Zhoushi Consulting, as of the end of the fiscal year on December 31, 2025, the company had an average of 10.3 million monthly active users, 2.2 million average daily active users, and 1.2 million average monthly paying users. As of the end of the six months ended June 30, 2025, the flagship application "Yidui" of Milian Technology achieved an average monthly usage time of 8.0 hours per active user and a 7-day retention rate of 72.1%, significantly higher than the industry average of 3.2 hours and 53.3% respectively, ranking first in the online emotional social industry in China. Yidui's average monthly launches per active user is 119.6 times, significantly higher than the industry average of 55.2 times for the top ten participants. As of the end of the six months ended June 30, 2025, in terms of revenue, Yidui also ranked first in the Chinese online emotional social industry; Yidui had an average of 800,000 monthly paying users, with a conversion rate of 16.5%, significantly higher than the industry average of around 8.0%, ranking first in the Chinese online emotional social industry. Milian Technology's core competitive advantage lies in its innovative "host-user-guided three-party video interaction mode" in the industry. This model was first introduced in Yidui in 2017, and through selected hosts from senior users, it helps other users overcome social barriers, establish and maintain emotional connections. As of December 31, 2025, Yidui has accumulated over 193,000 host users. In terms of the industry, according to data from Zhoushi Consulting, in 2024, the revenue scale of China's online social industry reached 63.2 billion RMB, making it the largest online social market in the world. As the fastest growing segment market, in 2024, the Chinese online emotional social market accounted for 35.7% of the Chinese online social market share. The Chinese online emotional social market reached 22.6 billion RMB in 2024, making it the largest online emotional social market in the world. As of June 30, 2025, the number of users on Chinese online emotional social platforms reached approximately 280 million. Milian Technology's financial data demonstrate its strong commercialization capabilities and growth potential. In the fiscal years of 2023, 2024, and 2025, the company's revenue was 1.034 billion RMB, 2.373 billion RMB, and 4.122 billion RMB, respectively; the gross profit margin also continued to increase from 43.3% in 2023 to 50.6% in 2025, showing continuous optimization of scale effects and operating efficiency. In terms of profitability, the company turned a profit in 2024, recording an annual profit of 146 million RMB, which significantly increased to 519 million RMB in 2025, enhancing profitability significantly.