奥克斯再闯港交所，家用空调营收占比长期高于85%

Core Viewpoint - AUX Electric Co., Ltd. has submitted a second listing application to the Hong Kong Stock Exchange, following its initial submission on January 15, 2023, aiming to become a publicly listed company in Hong Kong [1] Financial Performance - AUX's projected revenue for 2024 is approximately 29.8 billion RMB, with a compound annual growth rate (CAGR) of 23.4% from 2022 to 2024 [1] - The company's revenues for 2022, 2023, and 2024 are 19.528 billion RMB, 24.832 billion RMB, and 29.759 billion RMB respectively, with gross profits of 4.15 billion RMB, 5.422 billion RMB, and 6.24 billion RMB [1] - Net profits for the same years are 1.441 billion RMB, 2.487 billion RMB, and 2.91 billion RMB [1] - AUX is the fifth largest air conditioner supplier globally in 2024, holding a market share of 7.1% [1] Market Position and Competition - AUX's revenue primarily comes from household and central air conditioning, with household air conditioning accounting for 88.5%, 87.3%, and 87.1% of total revenue from 2022 to 2024 [2] - The sales volume of household air conditioners is projected to increase from 10.2 million units in 2022 to 17.1 million units in 2024, despite a decline in average selling prices [2] - AUX's low-price strategy, which once helped it gain market share, is becoming less effective due to intensified competition in the air conditioning market, particularly from major players like Gree and Midea [3] Historical Context and Listing Attempts - AUX has been attempting to go public for several years, having previously been approved for listing on the New Third Board in 2016 but withdrew a year later [4] - The company has undergone business restructuring and sought A-share listing guidance, completing this process in mid-2023 before shifting focus to a Hong Kong listing [4]