Hello Group Inc. Files 20-F for Fiscal Year Ended December 31, 2023
Ticker: MOMO · Form: 20-F · Filed: Apr 26, 2024 · CIK: 1610601
Sentiment: neutral
Topics: 20-F, Hello Group Inc., Equity Investments, Partnership, Financial Report
TL;DR
<b>Hello Group Inc. filed its 2023 20-F, detailing partnership investments and operational cash flows.</b>
AI Summary
Hello Group Inc. (MOMO) filed a Foreign Annual Report (20-F) with the SEC on April 26, 2024. Hello Group Inc. (formerly Momo Inc.) filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The company reported its share of partnership profit/loss from Chengdu Tianfu Qianshi Equity Investment Partnership L.P., with a loss of RMB (1,531) in 2023. Investments include a RMB50,000 commitment to Hangzhou Aqua Ventures Investment Management L.P., which reported a profit of RMB356 in 2023. The company made a RMB300 million investment in 58 Daojia Ltd. in April 2021 and a RMB55,343 investment in Shenzhen INMO Technology Co., Ltd in April 2022. Advance to suppliers and deposits with third-party payment channels are noted as significant operational items.
Why It Matters
For investors and stakeholders tracking Hello Group Inc., this filing contains several important signals. The filing provides specific details on the company's equity method investments and their financial impact, offering insight into diversification strategies. Information on advance payments to suppliers and deposits with payment channels sheds light on the company's operational liquidity and vendor relationships.
Risk Assessment
Risk Level: low — Hello Group Inc. shows low risk based on this filing. The filing is a standard annual report (20-F) and does not contain significant new risks or material adverse events.
Analyst Insight
Review the detailed breakdown of equity investments and operational cash flow items to understand the company's financial health and strategic allocations.
Key Numbers
- 2023-12-31 — Reporting Period End Date (Fiscal year end)
- 2024-04-26 — Filing Date (Date of submission)
- RMB (1,531) — Tianfu Partnership Loss (2023) (Share of profit or (loss) for the year ended December 31, 2023)
- RMB356 — Aqua Ventures Profit (2023) (Share of profit or (loss) for the year ended December 31, 2023)
- RMB300 million — 58 Daojia Ltd. Investment (Consideration for preferred share subscription in April 2021)
- RMB55,343 — Shenzhen INMO Technology Investment (Consideration for share purchase agreement in April 2022)
Key Players & Entities
- Hello Group Inc. (company) — Filer name
- Momo Inc. (company) — Former company name
- Chengdu Tianfu Qianshi Equity Investment Partnership L.P. (company) — Partnership investment
- RMB30,000 (dollar_amount) — Commitment to Tianfu partnership
- RMB (1,531) (dollar_amount) — Share of profit/loss from Tianfu in 2023
- Hangzhou Aqua Ventures Investment Management L.P. (company) — Partnership investment
- RMB50,000 (dollar_amount) — Commitment to Aqua Ventures
- RMB356 (dollar_amount) — Share of profit/loss from Aqua Ventures in 2023
FAQ
When did Hello Group Inc. file this 20-F?
Hello Group Inc. filed this Foreign Annual Report (20-F) with the SEC on April 26, 2024.
What is a 20-F filing?
A 20-F is a annual report for foreign private issuers, equivalent to a 10-K but following international reporting standards. This particular 20-F was filed by Hello Group Inc. (MOMO).
Where can I read the original 20-F filing from Hello Group Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Hello Group Inc..
What are the key takeaways from Hello Group Inc.'s 20-F?
Hello Group Inc. filed this 20-F on April 26, 2024. Key takeaways: Hello Group Inc. (formerly Momo Inc.) filed its annual report on Form 20-F for the fiscal year ended December 31, 2023.. The company reported its share of partnership profit/loss from Chengdu Tianfu Qianshi Equity Investment Partnership L.P., with a loss of RMB (1,531) in 2023.. Investments include a RMB50,000 commitment to Hangzhou Aqua Ventures Investment Management L.P., which reported a profit of RMB356 in 2023..
Is Hello Group Inc. a risky investment based on this filing?
Based on this 20-F, Hello Group Inc. presents a relatively low-risk profile. The filing is a standard annual report (20-F) and does not contain significant new risks or material adverse events.
What should investors do after reading Hello Group Inc.'s 20-F?
Review the detailed breakdown of equity investments and operational cash flow items to understand the company's financial health and strategic allocations. The overall sentiment from this filing is neutral.
Risk Factors
- Equity Method Investments [medium — financial]: The company's share of profits or losses from equity method investments, such as partnerships and preferred shares, can significantly impact its overall financial results.
- Advance to Suppliers and Deposits [low — operational]: Significant advances to suppliers and deposits with third-party payment channels represent a portion of the company's working capital and are subject to counterparty risk.
Filing Stats: 4,470 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-04-26 06:15:31
Key Financial Figures
- $0.0001 — wo Class A ordinary shares, par value US$0.0001 per share) MOMO The Nasdaq Stock Mar
- $ — purposes of this annual report only: "$," "dollars," "US$" or "U.S. dollars" re
- $1 — were made at the rate at RMB7.0999 to US$1.0000, the exchange rate as set forth in
Filing Documents
- d730224d20f.htm (20-F) — 3542KB
- d730224dex418.htm (EX-4.18) — 60KB
- d730224dex419.htm (EX-4.19) — 74KB
- d730224dex420.htm (EX-4.20) — 76KB
- d730224dex421.htm (EX-4.21) — 8KB
- d730224dex422.htm (EX-4.22) — 46KB
- d730224dex448.htm (EX-4.48) — 45KB
- d730224dex449.htm (EX-4.49) — 61KB
- d730224dex450.htm (EX-4.50) — 8KB
- d730224dex451.htm (EX-4.51) — 9KB
- d730224dex452.htm (EX-4.52) — 73KB
- d730224dex453.htm (EX-4.53) — 73KB
- d730224dex454.htm (EX-4.54) — 3KB
- d730224dex455.htm (EX-4.55) — 3KB
- d730224dex456.htm (EX-4.56) — 78KB
- d730224dex457.htm (EX-4.57) — 78KB
- d730224dex488.htm (EX-4.88) — 86KB
- d730224dex81.htm (EX-8.1) — 17KB
- d730224dex121.htm (EX-12.1) — 6KB
- d730224dex122.htm (EX-12.2) — 6KB
- d730224dex131.htm (EX-13.1) — 3KB
- d730224dex132.htm (EX-13.2) — 3KB
- d730224dex151.htm (EX-15.1) — 6KB
- d730224dex152.htm (EX-15.2) — 4KB
- d730224dex153.htm (EX-15.3) — 2KB
- d730224dex97.htm (EX-97) — 28KB
- g730224g69u42.jpg (GRAPHIC) — 192KB
- g730224g99n02.jpg (GRAPHIC) — 111KB
- g730224g99n03.jpg (GRAPHIC) — 94KB
- g730224g99n04.jpg (GRAPHIC) — 105KB
- 0001193125-24-115459.txt ( ) — 15081KB
- momo-20231231.xsd (EX-101.SCH) — 90KB
- momo-20231231_cal.xml (EX-101.CAL) — 73KB
- momo-20231231_def.xml (EX-101.DEF) — 433KB
- momo-20231231_lab.xml (EX-101.LAB) — 687KB
- momo-20231231_pre.xml (EX-101.PRE) — 587KB
- d730224d20f_htm.xml (XML) — 1955KB
Identity of Directors, Senior Management and Advisers
Item 1. Identity of Directors, Senior Management and Advisers 2
Offer Statistics and Expected Timetable
Item 2. Offer Statistics and Expected Timetable 2
Key Information
Item 3. Key Information 2
Information on the Company
Item 4. Information on the Company 60
Unresolved Staff Comments
Item 4A. Unresolved Staff Comments 96
Operating and Financial Review and Prospects
Item 5. Operating and Financial Review and Prospects 96
Directors, Senior Management and Employees
Item 6. Directors, Senior Management and Employees 116
Major Shareholders and Related Party Transactions
Item 7. Major Shareholders and Related Party Transactions 125
Financial Information
Item 8. Financial Information 128
The Offer and Listing
Item 9. The Offer and Listing 129
Additional Information
Item 10. Additional Information 130
Quantitative and Qualitative Disclosures about Market Risk
Item 11. Quantitative and Qualitative Disclosures about Market Risk 146
Description of Securities Other than Equity Securities
Item 12. Description of Securities Other than Equity Securities 147 PART II 148
Defaults, Dividend Arrearages and Delinquencies
Item 13. Defaults, Dividend Arrearages and Delinquencies 148
Material Modifications to the Rights of Security Holders and Use of Proceeds
Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 148
Controls and Procedures
Item 15. Controls and Procedures 148
Audit Committee Financial Expert
Item 16A. Audit Committee Financial Expert 150
Code of Ethics
Item 16B. Code of Ethics 150
Principal Accountant Fees and Services
Item 16C. Principal Accountant Fees and Services 151
Exemptions from the Listing Standards for Audit Committees
Item 16D. Exemptions from the Listing Standards for Audit Committees 152
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 152
Change in Registrant's Certifying Accountant
Item 16F. Change in Registrant's Certifying Accountant 152
Corporate Governance
Item 16G. Corporate Governance 152
Mine Safety Disclosure
Item 16H. Mine Safety Disclosure 153
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 153
Insider Trading Policies
Item 16J. Insider Trading Policies 153
Cybersecurity
Item 16K. Cybersecurity 153 PART III 154
Financial Statements
Item 17. Financial Statements 154
Financial Statements
Item 18. Financial Statements 154
Exhibits
Item 19. Exhibits 154
SIGNATURES
SIGNATURES 162 i Table of Contents INTRODUCTION In this annual report, except where the context otherwise requires and for purposes of this annual report only: "$," "dollars," "US$" or "U.S. dollars" refers to the legal currency of the United States; "ADSs" refers to our American depositary shares, each representing two Class A ordinary shares, par value US$0.0001 per share; "MAUs" refers to monthly active users. We define Tantan MAUs during a given calendar month as Tantan users who were daily active users for at least one day during the 30-day period counting back from the last day of such calendar month. Tantan daily active users are users who accessed our platform through mobile devices and utilized any of the functions on our platform on a given day; "Hello Group," "we," "us," "our company," or "our" refers to our holding company Hello Group Inc., previously named "Momo Inc.," its subsidiaries and in the context of describing our operations and consolidated financial information, the variable interest entities and their subsidiaries; "ordinary shares" refers to our Class A and Class B ordinary shares, par value US$0.0001 per share; and "RMB" or "Renminbi" refers to the legal currency of mainland China. FORWARD-LOOKING INFORMATION This annual report on Form 20-F contains forward-looking statements that reflect our current expectations and views of future events. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as "may," "could," "should," "would," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "likely to," "project," "continue," "potential" or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition,