博车网冲刺港股：靠拍卖事故车及二手车7个月营收2.9亿，亏5560万

Core Viewpoint - 博车网, established in 2014, is an auction platform for accident vehicles, facing challenges in valuing these vehicles due to their lack of standardization and the influence of various factors on market prices [1][3]. Financial Performance - 博车网 reported revenues of 388 million RMB, 518 million RMB, and 526 million RMB for the years 2022, 2023, and 2024 respectively, with corresponding gross profits of 172 million RMB, 258 million RMB, and 244 million RMB [5][6]. - The company incurred losses of 180 million RMB, 121 million RMB, and 36 million RMB for the same years, with operational profits of 272 thousand RMB, 44 million RMB, and 51 million RMB [5][8]. - For the first seven months of 2025, 博车网 achieved revenues of 290 million RMB, a slight increase from 283 million RMB in the same period of the previous year, with a gross profit of 114 million RMB [6][8]. Revenue Breakdown - In 2025, the revenue from accident vehicle auctions and related services accounted for 46.2% of total revenue, while used vehicle auctions contributed 19.4% [7][8]. - The total revenue for 2025 is projected to be 290 million RMB, with a breakdown showing 134 million RMB from accident vehicle services and 56 million RMB from used vehicle services [7]. Cash Flow and Assets - As of July 31, 2025, 博车网's total current assets amounted to 437 million RMB, while total current liabilities were 2.16 billion RMB [9][10]. - The company reported a cash and cash equivalents balance of 82.37 million RMB as of July 31, 2025 [10]. Valuation and Shareholding - 博车网's valuation reached 3.2 billion RMB following a series of financing rounds, with the latest round in February 2022 raising 100 million RMB [11][13]. - Key shareholders include 陈健鹏 with 25.53%, DeXXully with 5.32%, and TR Restore with 11.74% [14][17].