This week, 19 companies including MEGMEET and Kidswant filed listing applications with the Hong Kong Stock Exchange.

Mars Finance News, June 27 — According to disclosures by the Hong Kong Exchanges and Clearing Limited (HKEX), from June 22 to June 27, 19 companies submitted prospectuses to HKEX, including LianTai Technology, DaQin Digital Energy, Xinrui Li, Macro Mett, Huada Beidou, Fosun AnteGene, Lingka Technology, Shenji Pharmaceutical, Weijian Medical, Global Horticulture, AnMei Bio, YaMiao Bio, Jihao Technology, ZiXun Technology, KidsKing, Dongheng New Energy, Yuepu Digital Intelligence, Taihe Music, DingDingPai, and Weichai Lovol. Among them, Macro Mett and KidsKing have already been listed on the A-share market, with their latest market capitalizations of 935.28 billion yuan and 85.11 billion yuan, respectively.

Macro Mett’s 2026 first-quarter report shows that, in the first quarter, it achieved operating revenue of 2.7888 billion yuan, a year-on-year increase of 20.35%; net profit attributable to the parent of 115 million yuan, a year-on-year increase of 6.93%; and non-recurring net profit attributable to the parent of 4024.65 million yuan, a year-on-year decrease of 56.23%. In 2025, it achieved operating revenue of 9.403 billion yuan, a year-on-year increase of 15.05%. By product, its new energy and rail transit components performed strongly: revenue was 1.145 billion yuan, up 108.65% year on year, becoming the core driver of revenue growth.

KidsKing was founded by Wang Jianguo in 2009, with its first store in Nanjing, Jiangsu. In 2015, the company’s number of stores exceeded 100, and it launched its first official App mall. The following year, it listed on the National Equities Exchange and Quotations (NEEQ). In 2021, it transferred to the ChiNext board of the Shenzhen Stock Exchange. From 2023 to 2025, KidsKing achieved revenue of 87.53 billion yuan, 93.37 billion yuan, and 102.73 billion yuan, respectively; meanwhile, net profit attributable to the parent was 1.05 billion yuan, 1.81 billion yuan, and 2.98 billion yuan, respectively. During the reporting period, KidsKing’s mother-and-infant business revenue was 78.87 billion yuan, 84.33 billion yuan, and 89.3 billion yuan, accounting for 90.1%, 90.3%, and 86.9% of total revenue, respectively; for three consecutive years, it contributed around 90% of total revenue.

Taihe Music was established in 2014. It was formed by integrating three long-established labels—Haitie Music, Taihe Mailian, and Dashi Copyright. Currently, the signed artists under the company include Xu Song, Xu Jiany, Dan Ke, and the Hedgehog Band, among others. The prospectus shows that from 2023 to 2025, the company achieved revenues of 861 million yuan, 1.419 billion yuan, and 1.300 billion yuan, respectively; in 2024 and 2025, the year-on-year changes were 64.90% and -8.37%, respectively. Profits for the year were 33.852 million yuan, 55.672 million yuan, and 120 million yuan, respectively, with year-on-year increases of 63.97% and 114.39%, respectively. Gross profit margin declined from 38.04% in 2023 to 27.37% in 2024, and then slightly rebounded to 30.50% in 2025. (KeGubao Broadcast)