Lexi Group (02540) continued to rise by more than 23% the day after listing and surged 106% over 2 trading days. As of press release, it had risen 23.33% to HK$1.85, with a turnover of HK$10.86 million.
The Zhitong Finance App learned that Lexi Group (02540) continued to rise by more than 23% on the day after listing and surged 106% in 2 trading days. As of press release, it had risen 23.33% to HK$1.85, with a turnover of HK$10.86 million.
According to the prospectus, Lexi Group was founded in 2015 and is a mobile advertising service provider in China. It mainly provides customers with comprehensive mobile advertising services to market their brands, products and services on media platforms operated by the company's media partners. Lexi Group's services include mobile marketing planning, traffic acquisition, ad material production, ad placement, ad optimization, campaign management, and ad distribution.
In recent years, the performance of the Lexis Group has continued to grow. As of 2020, 2021, 2022 and September 30, 2023, the company achieved total revenue of approximately 378 million yuan (RMB, same below), 470 million yuan, 493 million yuan, and 497 million yuan, respectively. In the same period, the company achieved annual profit of 497.73 million yuan, 57.488 million yuan, 68.307 million yuan, and 489.11 million yuan respectively.