<SEC-DOCUMENT>0001193125-25-281463.txt : 20251114
<SEC-HEADER>0001193125-25-281463.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114070003
ACCESSION NUMBER:		0001193125-25-281463
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Yimutian Inc.
		CENTRAL INDEX KEY:			0001991605
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-95336
		FILM NUMBER:		251481055

	BUSINESS ADDRESS:	
		STREET 1:		6/F, BUIDLING B-6, BLOCK A
		STREET 2:		NO. 66 XIXIAOKOU ROAD, HAIDIAN DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100192
		BUSINESS PHONE:		86 10 5708 6561

	MAIL ADDRESS:	
		STREET 1:		6/F, BUIDLING B-6, BLOCK A
		STREET 2:		NO. 66 XIXIAOKOU ROAD, HAIDIAN DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100192

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HSG Holding Ltd
		CENTRAL INDEX KEY:			0001470766
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		SUITE 3613, 36/F, TWO PACIFIC PLACE
		STREET 2:		88 QUEENSWAY
		CITY:			NA
		STATE:			K3
		ZIP:			NA
		BUSINESS PHONE:		650-854-3927

	MAIL ADDRESS:	
		STREET 1:		SUITE 3613, 36/F, TWO PACIFIC PLACE
		STREET 2:		88 QUEENSWAY
		CITY:			NA
		STATE:			K3
		ZIP:			NA

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SC CHINA HOLDING Ltd
		DATE OF NAME CHANGE:	20090821
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:xsd="http://www.w3.org/2001/XMLSchema" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001470766</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Class A Ordinary Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001991605</issuerCik>
        <issuerName>Yimutian Inc.</issuerName>
        <issuerCusip>985915107</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <street1 xmlns="http://www.sec.gov/edgar/common">6/F, Building B-6, Block A</street1>
          <street2 xmlns="http://www.sec.gov/edgar/common">NO. 66 XIXIAOKOU ROAD</street2>
          <city xmlns="http://www.sec.gov/edgar/common">HAIDIAN DISTRICT</city>
          <stateOrCountry xmlns="http://www.sec.gov/edgar/common">F4</stateOrCountry>
          <zipCode xmlns="http://www.sec.gov/edgar/common">100192</zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HSG CV IV Holdco, Ltd. ("HSG CV IV Holdco")</reportingPersonName>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>
Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HSG CV IV Senior Holdco, Ltd. ("HSG CV IV Senior Holdco")</reportingPersonName>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>
Row 6, 8 and 9. 430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco.

Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HongShan Capital Venture Fund IV, L.P. ("HongShan Capital Venture Fund IV")</reportingPersonName>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>
Row 6, 8 and 9. 430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.

Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HSG Venture IV Management, L.P. ("HSG Venture IV Management")</reportingPersonName>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>PN</typeOfReportingPerson>
      <comments>
Row 6, 8 and 9. 430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.  HSG Venture IV Management is the general partner of HongShan Capital Venture Fund IV.

Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.

</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>HSG Holding Limited ("HSG Holding")</reportingPersonName>
      <citizenshipOrOrganization>E9</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>
Row 6, 8 and 9. 430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.  HSG Venture IV Management is the general partner of HongShan Capital Venture Fund IV. HSG Holding is the general partner of HSG Venture IV Management.

Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>SNP China Enterprises Limited ("SNP China Enterprises")</reportingPersonName>
      <citizenshipOrOrganization>D8</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>OO</typeOfReportingPerson>
      <comments>
Row 6, 8 and 9. 430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.  HSG Venture IV Management is the general partner of HongShan Capital Venture Fund IV. HSG Holding is the general partner of HSG Venture IV Management.  HSG Holding is wholly owned by SNP China Enterprises.

Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.

</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Neil Nanpeng Shen ("NS")</reportingPersonName>
      <citizenshipOrOrganization>K3</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>0</soleVotingPower>
        <sharedVotingPower>430257574</sharedVotingPower>
        <soleDispositivePower>0</soleDispositivePower>
        <sharedDispositivePower>430257574</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>430257574</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>17.1</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>
Row 6, 8 and 9. 430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.  HSG Venture IV Management is the general partner of HongShan Capital Venture Fund IV. HSG Holding is the general partner of HSG Venture IV Management.  HSG Holding is wholly owned by SNP China Enterprises. NS wholly owns SNP China Enterprises.

Row 11. Based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.

</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Yimutian Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>6/F, Building B-6, Block A ZhongguancunDongsheng Technology Campus No. 66 Xixiaokou RoadHaidian District, Beijing 100192The People's Republic of China</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>
HSG CV IV Holdco, Ltd.
HSG CV IV Senior Holdco, Ltd.
HongShan Capital Venture Fund IV, L.P.
HSG Venture IV Management, L.P.
HSG Holding Limited
SNP China Enterprises Limited
Neil Nanpeng Shen

HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.  HSG Venture IV Management is the general partner of HongShan Capital Venture Fund IV. HSG Holding is the general partner of HSG Venture IV Management.  HSG Holding is wholly owned by SNP China Enterprises. NS wholly owns SNP China Enterprises.

</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>Suite 3613, 36/F, Two Pacific Place
88 Queensway
Hong Kong</principalBusinessOfficeOrResidenceAddress>
        <citizenship>HSG CV IV Holdco. HSG CV IV Senior Holdco. HongShan Capital Venture Fund IV; HSG Venture IV Management: Cayman Islands HSG Holding: Cayman Islands; SNP China Enterprises: British Virgin Islands; NS: Hong Kong SAR</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>430,257,574 Class A Ordinary Shares are directly owned by HSG CV IV Holdco.  HSG CV IV Senior Holdco is the sole shareholder of HSG CV IV Holdco. HongShan Capital Venture Fund IV is the sole shareholder of HSG CV IV Senior Holdco.  HSG Venture IV Management is the general partner of HongShan Capital Venture Fund IV. HSG Holding is the general partner of HSG Venture IV Management.  HSG Holding is wholly owned by SNP China Enterprises. NS wholly owns SNP China Enterprises.</amountBeneficiallyOwned>
        <classPercent>17.1%

The percentage is based on a total of 2,516,653,606 shares of Class A Ordinary Shares outstanding after giving effect to Yimutian Inc.'s initial public offering, as disclosed in its prospectus filed with the Securities and Exchange Commission on August 20, 2025.
</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>0</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>HSG CV IV Holdco, Ltd.: 430,257,574
HSG CV IV Senior Holdco, Ltd.: 430,257,574
HongShan Capital Venture Fund IV, L.P.: 430,257,574
HSG Venture IV Management, L.P: 430,257,574.
HSG Holding Limited: 430,257,574
SNP China Enterprises Limited: 430,257,574
Neil Nanpeng Shen: 430,257,574</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>0</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>HSG CV IV Holdco, Ltd.: 430,257,574
HSG CV IV Senior Holdco, Ltd.: 430,257,574
HongShan Capital Venture Fund IV, L.P.: 430,257,574
HSG Venture IV Management, L.P: 430,257,574.
HSG Holding Limited: 430,257,574
SNP China Enterprises Limited: 430,257,574
Neil Nanpeng Shen: 430,257,574</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>HSG CV IV Holdco, Ltd. ("HSG CV IV Holdco")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen/Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>HSG CV IV Senior Holdco, Ltd. ("HSG CV IV Senior Holdco")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen/Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>HongShan Capital Venture Fund IV, L.P. ("HongShan Capital Venture Fund IV")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen/Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>HSG Venture IV Management, L.P. ("HSG Venture IV Management")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen/Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>HSG Holding Limited ("HSG Holding")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen/Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>SNP China Enterprises Limited ("SNP China Enterprises")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen/Authorized Signatory</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Neil Nanpeng Shen ("NS")</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Neil Nanpeng Shen</signature>
        <title>Neil Nanpeng Shen</title>
        <date>11/14/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</SEC-DOCUMENT>
