丰巢创始人兼CEO徐育斌被曝辞职，赴港上市招股书已失效

Core Viewpoint - The resignation of Xu Yubin, founder and CEO of Fengchao, due to health reasons, will not affect the normal operations of the company [1] Company Overview - Fengchao, headquartered in Shenzhen, Guangdong, provides logistics, community services, and advertising media solutions, primarily through smart lockers for last-mile delivery [3] - The company has received multiple rounds of financing since 2015, with investors including SF Express, Shentong, and Sequoia Capital [3] Financial Performance - Fengchao is the largest end logistics solution provider in China by revenue as of 2023, with 330,000 smart lockers covering 31 provinces [3] - The number of packages delivered by Fengchao from 2021 to 2023 was 6.204 billion, 5.823 billion, and 6.463 billion respectively, accounting for approximately 5%-6% of the national delivery volume [3] - The main revenue sources are from last-mile delivery services and consumer smart delivery services, with a shift towards increased demand for parcel sending services [4] - Despite being in a loss-making position from 2021 to 2023, the company turned profitable in the first five months of 2024 due to improved profitability in delivery services and rapid growth in consumer services [4] Controversies and Regulatory Issues - Fengchao faced controversy over charging storage fees for uncollected packages, generating approximately 807 million yuan from 1.615 billion delayed packages from 2021 to May 2024 [4] - The Hong Kong Stock Exchange has tightened its review process for new listings, and Fengchao was required to provide additional information regarding its business operations and compliance after submitting its IPO application [5] - As of February 2025, Fengchao's IPO application had expired after six months, but the company stated that it is still pursuing its listing in Hong Kong [5]