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Haoxi Health Technology Limited (HAO) is a prominent online marketing solution provider headquartered in Beijing, China. Specializing in the healthcare industry, Haoxi delivers comprehensive marketing strategies to help advertisers in acquiring, converting, and retaining consumers through a variety of digital platforms.
Core to Haoxi's business is the provision of one-stop online marketing solutions, particularly focusing on short video marketing. By collaborating with major media partners, Haoxi customizes, plans, produces, places, and optimizes online ads. This approach ensures that advertisers can achieve their marketing goals on popular Chinese social media platforms such as Douyin, Toutiao, WeChat, and Sina Weibo.
Haoxi has recently made significant strides, including entering into a Framework Contract with Wuhan Yiya Simei Dental Clinic Co., Ltd., a regional dentistry chain in China. This partnership involves providing targeted advertising services across multiple social media platforms, catering to a diverse audience through short-video, text, images, and mobile app content formats. The contract is valued at a minimum of RMB 40 million ($5.5 million), highlighting Haoxi's capability to deliver high-value marketing solutions.
In another notable development, Haoxi signed a Rebate Agreement with Jinan Yanling Biotechnology Co., Ltd., setting a target advertising spend of at least RMB 50 million ($7 million). This agreement leverages ByteDance's extensive advertising platforms, such as Jinri Toutiao and Xigua Video, to enhance the promotional efforts of Yanling and its affiliated entities in the biomedical and health technology sectors.
With a commitment to leveraging robust data analysis tools for real-time monitoring and optimization, Haoxi ensures that advertising efforts are efficient and impactful. The company remains focused on reducing costs, increasing efficiency, and providing user-friendly marketing solutions, aiming for sustainable business growth and enhanced client satisfaction.
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Haoxi Health Technology (HAO), an online marketing solution provider based in Beijing, has announced the pricing of its underwritten follow-on public offering. The company is offering 4,000,000 units at $3.00 per unit, aiming to raise $12 million in gross proceeds. Each unit consists of one Class A Ordinary Share (or a pre-funded warrant), one Series A warrant, and one Series B warrant to purchase Class A Ordinary Shares. The warrants have a 5-year term with varying exercise prices and conditions. EF Hutton is acting as the sole bookrunner for the offering, which is expected to close around September 20, 2024. HAO plans to use the proceeds for working capital, general corporate purposes, potential acquisitions, and hiring.
Haoxi Health Technology (HAO), based in Beijing, China, has announced a strategic initiative to support international humanitarian aid amid global challenges. The company, known for its digital marketing solutions, is leveraging its resources to address urgent medical supply needs in crisis-hit regions. HAO has formed a dedicated service team to collaborate with international medical aid organizations, sourcing essential items such as medical equipment, pharmaceuticals, and protective gear. Chairman and CEO Zhen Fan emphasizes the importance of corporate social responsibility and invites other companies and individuals to join their efforts to alleviate global humanitarian crises.
Haoxi Health Technology (HAO) reported its unaudited financial results for the six months ended December 31, 2023. The company recorded a significant increase in total revenue, reaching $23.50 million, a 157% rise from $9.16 million in the same period of 2022.
Gross profit rose by 65% to $1.20 million, while net income increased by 70% to $0.76 million. HAO's growth was driven by an increase in the number of clients served, from 183 to 338, and a higher average revenue per client, primarily from the healthcare sector.
Recent developments include partnerships with Wuhan Yiya Simei Dental Clinic and Jinan Yanling Biotechnology, focusing on delivering comprehensive advertising services on popular social media platforms. However, the company's gross margin decreased due to market competition, leading to higher costs and required customer rebates.
Haoxi Health Technology announced a Rebate Agreement with Jinan Yanling Biotechnology Co., for comprehensive advertising and promotion services in the health-related industries. The agreement includes a targeted advertising spend of at least RMB50 million on ByteDance's platforms. This partnership aims to enhance brand exposure, image, and market reach for Yanling and its affiliates.
Haoxi Health Technology entered into a Framework Contract for Cooperation on Information Placement on Media Platforms with Yiya Dental, a regional dentistry chain in China. The partnership aims to provide comprehensive advertising services on popular social media platforms, with a total cooperation fee of no less than RMB40 million ($5.5 million).
HAO's CEO highlighted the importance of social media advertising for real-time monitoring and optimization of advertising effectiveness. The collaboration is expected to enhance Yiya Dental's services and improve the overall patient experience, while HAO seeks to explore innovative advertising distribution strategies for sustainable business growth.
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