On September 23, HoYoverse, a leading domestic cultural and creative tech enterprise, completed equity custody registration at the Shanghai Equity Custody Registration Center, sparking widespread capital market attention. In response to prevailing listing rumors, the company officially clarified that the registration is a routine standardization measure for unlisted joint-stock companies, and it has no plans for listing or financing at present.

Equity custody registration is a key measure for private enterprises to improve corporate governance, standardize equity structure and optimize internal management systems. It helps clarify shareholder rights and interests, laying a solid foundation for long-term stable development, and has become a normalized compliance practice for high-quality science and innovation enterprises. HoYoverse’s standardized equity upgrade also reflects the overall trend of standardized and compliant development among China’s cultural and creative tech enterprises.

As a leading domestic enterprise in two-dimensional cultural creation and interactive entertainment, HoYoverse boasts stable profitability, abundant cash flow and strong core competitiveness in its main business, eliminating the need for listing financing to support operational development. Industry analysis indicates that the company’s governance optimization is a self-upgrade adapted to scaled development rather than a pre-listing preparation. In the future, HoYoverse will continue to focus on product R&D and global market expansion, with no clear timetable for capital market layout.