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途虎養車遞表港交所，你怎麼看？
牛牛新股君
joined discussion · Jan 24, 2022 14:39 ·

IPO Express | Tuhu Car Maintenance goes public in Hong Kong, with investments from Tencent, Sequoia Capital, Baidu, and others.

On January 24, Futu News reported that, according to the Hong Kong Stock Exchange disclosure, Tuhu Car Care submitted its application to list on the main board of the Hong Kong Stock Exchange, with Goldman Sachs, CICC, BofA Securities, and UBS Group as joint sponsors.
Futu News on January 24th, according to the Hong Kong Stock Exchange disclosure, Tuhu Car Maintenance submitted its application to the Hong Kong Stock Exchange main board, with Goldman Sachs, CICC, BofA Securities, and UBS Group serving as joint sponsors. Tuhu Car Maintenance is a leading integrated online and offline car service platform in China. With a customer-centric model and efficient supply chain, it provides a one-stop, fully digital, on-demand service experience. As of September 30, 2021, the company's flagship application, 'Tuhu Car Maintenance,' and online interface have 72.8 million registered users. In the 12 months leading up to September 30, 2021, the company had 13.9 million active users, a 35.6% increase compared to the same period ending on September 30, 2020. According to ZOSS Consultancy report, Tuhu Car Maintenance had 10 million monthly active users as of September 2021, becoming the largest car owner community among China's car service providers. The company's service network continues to expand, with over 3,300 Tuhu workshops and over 33,000 partner stores nationwide, covering most prefecture-level cities. According to the Zhishizixun report, as of December 31, 2020, Tuhu is the leading independent car service brand in China in terms of the number of operating car service stores and brand awareness, with a Net Promoter Score (NPS) of 51.9. Tuhu Car Care has developed a comprehensive car service technology support system around the automotive service industry chain, which has the largest and most accurate car parts database in China, covering 239 brands and over 44,000 models.
Tuhu Car Care is a leading integrated online and offline car service platform in China. With a customer-centric model and efficient supply chain, it provides a one-stop, fully digital, on-demand service experience. As of September 30, 2021, the company's flagship application 'Tuhu Car Care' and online interface have 72.8 million registered users. In the past 12 months as of September 30, 2021, the company had 13.9 million active users, an increase of 35.6% from the same period ending on September 30, 2020.
According to the Zhishizixun report, Tuhu Car Care had 10 million monthly active users as of September 2021, making it the largest owner community aggregator among Chinese car service providers. The company's service network continues to expand, with over 3,300 Tuhu workshop stores and over 33,000 partner stores nationwide, covering the majority of prefecture-level cities.
Futu News on January 24th, according to the Hong Kong Stock Exchange disclosure, Tuhu Car Maintenance submitted its application to the Hong Kong Stock Exchange main board, with Goldman Sachs, CICC, BofA Securities, and UBS Group serving as joint sponsors. Tuhu Car Maintenance is a leading integrated online and offline car service platform in China. With a customer-centric model and efficient supply chain, it provides a one-stop, fully digital, on-demand service experience. As of September 30, 2021, the company's flagship application, 'Tuhu Car Maintenance,' and online interface have 72.8 million registered users. In the 12 months leading up to September 30, 2021, the company had 13.9 million active users, a 35.6% increase compared to the same period ending on September 30, 2020. According to ZOSS Consultancy report, Tuhu Car Maintenance had 10 million monthly active users as of September 2021, becoming the largest car owner community among China's car service providers. The company's service network continues to expand, with over 3,300 Tuhu workshops and over 33,000 partner stores nationwide, covering most prefecture-level cities. According to the Zhishizixun report, as of December 31, 2020, Tuhu is the leading independent car service brand in China in terms of the number of operating car service stores and brand awareness, with a Net Promoter Score (NPS) of 51.9. Tuhu Car Care has developed a comprehensive car service technology support system around the automotive service industry chain, which has the largest and most accurate car parts database in China, covering 239 brands and over 44,000 models.
According to the Zhishizixun report, as of December 31, 2020, Tuhu is the leading independent car service brand in China in terms of the number of operating car service stores and brand awareness, with a Net Promoter Score (NPS) of 51.9.
Tuhu Car Care has developed a comprehensive car service technology support system around the automotive service industry chain, which has the largest and most accurate car parts database in China, covering 239 brands and over 44,000 models, with a matching accuracy of up to 99.94%. According to the Zhishizixun report, in terms of daily active users, the company's proprietary store and technician management system, Blue Tiger, also ranks first in China.
Financial Overview
In 2019~2020, the company's revenue was 7.04 billion yuan and 8.75 billion yuan respectively, with revenue in the first nine months of 2021 reaching 8.44 billion yuan, a year-on-year increase of 42%.
In 2019~2020, the company incurred net losses of 3.43 billion yuan and 3.93 billion yuan, with net losses in the first nine months of 2020 and 2021 amounting to 2.72 billion yuan and 4.44 billion yuan respectively.
Futu News on January 24th, according to the Hong Kong Stock Exchange disclosure, Tuhu Car Maintenance submitted its application to the Hong Kong Stock Exchange main board, with Goldman Sachs, CICC, BofA Securities, and UBS Group serving as joint sponsors. Tuhu Car Maintenance is a leading integrated online and offline car service platform in China. With a customer-centric model and efficient supply chain, it provides a one-stop, fully digital, on-demand service experience. As of September 30, 2021, the company's flagship application, 'Tuhu Car Maintenance,' and online interface have 72.8 million registered users. In the 12 months leading up to September 30, 2021, the company had 13.9 million active users, a 35.6% increase compared to the same period ending on September 30, 2020. According to ZOSS Consultancy report, Tuhu Car Maintenance had 10 million monthly active users as of September 2021, becoming the largest car owner community among China's car service providers. The company's service network continues to expand, with over 3,300 Tuhu workshops and over 33,000 partner stores nationwide, covering most prefecture-level cities. According to the Zhishizixun report, as of December 31, 2020, Tuhu is the leading independent car service brand in China in terms of the number of operating car service stores and brand awareness, with a Net Promoter Score (NPS) of 51.9. Tuhu Car Care has developed a comprehensive car service technology support system around the automotive service industry chain, which has the largest and most accurate car parts database in China, covering 239 brands and over 44,000 models.
Industry overview.
According to the Zacks Consulting report, based on GMV calculation, the scale of China's car service market reached 1,026.8 billion yuan in 2020 and is expected to reach 1,650.8 billion yuan by 2025, with a compound annual growth rate of 10.0%.
Futu News on January 24th, according to the Hong Kong Stock Exchange disclosure, Tuhu Car Maintenance submitted its application to the Hong Kong Stock Exchange main board, with Goldman Sachs, CICC, BofA Securities, and UBS Group serving as joint sponsors. Tuhu Car Maintenance is a leading integrated online and offline car service platform in China. With a customer-centric model and efficient supply chain, it provides a one-stop, fully digital, on-demand service experience. As of September 30, 2021, the company's flagship application, 'Tuhu Car Maintenance,' and online interface have 72.8 million registered users. In the 12 months leading up to September 30, 2021, the company had 13.9 million active users, a 35.6% increase compared to the same period ending on September 30, 2020. According to ZOSS Consultancy report, Tuhu Car Maintenance had 10 million monthly active users as of September 2021, becoming the largest car owner community among China's car service providers. The company's service network continues to expand, with over 3,300 Tuhu workshops and over 33,000 partner stores nationwide, covering most prefecture-level cities. According to the Zhishizixun report, as of December 31, 2020, Tuhu is the leading independent car service brand in China in terms of the number of operating car service stores and brand awareness, with a Net Promoter Score (NPS) of 51.9. Tuhu Car Care has developed a comprehensive car service technology support system around the automotive service industry chain, which has the largest and most accurate car parts database in China, covering 239 brands and over 44,000 models.
Shareholder Structure
The prospectus shows that before the IPO,Tencent Holdings (00700.HK)Shareholding of 19.41%; Joy Capital holds 8.98%; Sequoia China holds 7.56%; Qiming Venture Partners holds 3.12%; Baidu (BIDU.US).Shareholding of 2.01%; CICC holds 2.32%.
Futu News on January 24th, according to the Hong Kong Stock Exchange disclosure, Tuhu Car Maintenance submitted its application to the Hong Kong Stock Exchange main board, with Goldman Sachs, CICC, BofA Securities, and UBS Group serving as joint sponsors. Tuhu Car Maintenance is a leading integrated online and offline car service platform in China. With a customer-centric model and efficient supply chain, it provides a one-stop, fully digital, on-demand service experience. As of September 30, 2021, the company's flagship application, 'Tuhu Car Maintenance,' and online interface have 72.8 million registered users. In the 12 months leading up to September 30, 2021, the company had 13.9 million active users, a 35.6% increase compared to the same period ending on September 30, 2020. According to ZOSS Consultancy report, Tuhu Car Maintenance had 10 million monthly active users as of September 2021, becoming the largest car owner community among China's car service providers. The company's service network continues to expand, with over 3,300 Tuhu workshops and over 33,000 partner stores nationwide, covering most prefecture-level cities. According to the Zhishizixun report, as of December 31, 2020, Tuhu is the leading independent car service brand in China in terms of the number of operating car service stores and brand awareness, with a Net Promoter Score (NPS) of 51.9. Tuhu Car Care has developed a comprehensive car service technology support system around the automotive service industry chain, which has the largest and most accurate car parts database in China, covering 239 brands and over 44,000 models.
Click to view the original prospectus
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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