博车网二度递表港交所 2024年国内事故车拍卖市场份额超30%

Core Insights - Boche Holding Limited has submitted its application for listing on the Hong Kong Stock Exchange, with CITIC Securities and Fosun International Capital as joint sponsors [1] - The company is the largest accident vehicle auction platform in China, holding a market share of approximately 31.4% in the accident vehicle auction industry as of 2024 [3] - Boche Holding also operates as a B2B second-hand vehicle auction platform, ranking third in the market with a share of about 12.0% [3] Industry Overview - The auction volume of accident vehicles in China is projected to grow from approximately 205,000 units in 2020 to 373,000 units in 2024, indicating significant growth potential compared to the U.S. market, which has an auction volume of nearly 7 million units in 2024 [4] - Factors driving growth in the accident vehicle auction industry include aging vehicle ownership, rising repair costs, increased frequency of claims due to the proliferation of electric vehicles, and heightened insurance awareness [4] Financial Performance - For the fiscal years ending July 31, the revenue figures for Boche Holding are as follows: approximately RMB 388.11 million in 2022, RMB 518.33 million in 2023, RMB 526.07 million in 2024, and RMB 290.45 million in 2025 [5][7] - The company reported losses of approximately RMB 180.25 million in 2022, RMB 121.47 million in 2023, RMB 36.44 million in 2024, and RMB 55.60 million in 2025 [5][7] - The gross profit for the same periods was approximately RMB 172.35 million in 2022, RMB 258.87 million in 2023, and RMB 244.06 million in 2024 [7]