Sina Technology News reported on the morning of April 13 that on the evening of April 12, the Himalayas submitted a prospectus to the Hong Kong Stock Exchange. Goldman Sachs, Morgan Stanley, and CICC are co-sponsors. Tencent, Reading, Xiaomi, Good Future, and Sony Music are strategic investors. Major financial investors include the US Pan Atlantic Investment Group, Zhixin Capital, Goldman Sachs, Xingwang Investment, Genesis Partner Capital, China Internet Investment Fund, Shanghai Cultural Industry Development Investment Fund, and Jiaxing Xiuzhou Financial Holdings.
According to the prospectus, Himalaya's revenue from 2021 to 2023 was 5.86 billion yuan, 6.06 billion yuan and 6.16 billion yuan respectively. Subscriptions, advertising, live streaming, and other innovative products and services became the four pillars of the platform's revenue, accounting for 51.7%, 23.1%, 18.4%, and 6.8% of 2023 revenue, respectively
In terms of profitability, the gross margin of the Himalayas increased from 51.9% in 2022 to 56.3% in 2023. Starting with the first profit in history in the fourth quarter of 2022, the Himalayas had achieved five consecutive quarters of profit as of December 2023, and adjusted net profit for the full year of 2023 reached 224 million yuan.
Furthermore, in 2023, the average monthly active users in all Himalayas reached 303 million, and the average monthly active users on mobile devices reached 133 million, an increase of 9.3% over the previous year. (Xu Yuanlei)