新股消息 二手手机回收服务提供商闪回科技三次递表港交所 上半年亏损2463.3万元

Core Viewpoint - Flashback Technology Limited has submitted its listing application to the Hong Kong Stock Exchange, aiming to capitalize on the growing demand for second-hand mobile phone recycling services in China [1][2]. Company Overview - Flashback Technology is a Chinese company specializing in the recycling of consumer electronics, particularly second-hand mobile phones, and is the third-largest mobile phone recycling service provider in China, with a market share of approximately 1.3% for both total transaction volume of recycled and sold second-hand mobile phones [1][2]. - The company operates two main brands: Flashback Recycling, which focuses on offline recycling through upstream procurement partners, and Flashback Quality, which sells procured second-hand electronics through its online platform and third-party e-commerce sites [2]. Market Potential - Despite facing intense competition in China, Flashback Technology anticipates significant growth potential in the mobile phone recycling industry. The recycling rate in China has increased from about 10% in 2020 to approximately 17.1% in 2024, but still lags behind developed countries like the US and Japan, where recycling rates range from 55% to 75% [2]. Financial Performance - The company reported revenues of approximately RMB 750 million, RMB 919 million, RMB 1.158 billion, RMB 1.297 billion, and RMB 809 million for the six months ending June 30 in 2021, 2022, 2023, 2024, and 2025, respectively. During the same periods, the net losses were RMB 48.7 million, RMB 99.1 million, RMB 98.3 million, RMB 66.4 million, and RMB 24.6 million [3].