Core Insights - Xu Yubin, the founder and CEO of Fengchao, has officially resigned due to health reasons, marking the end of an era for the company [1][2][3] - Fengchao is currently facing significant challenges, including the expiration of its IPO application and uncertainty regarding its future direction [1][4] Company Overview - Xu Yubin started as an ordinary courier at SF Express and rose through the ranks due to his exceptional performance, eventually founding Fengchao in 2015 with the support of SF Express's chairman [1][2] - Fengchao was established to improve last-mile delivery efficiency through smart lockers, inspired by Xu's observations during a trip to South Korea [2][3] Financial Performance - Fengchao's revenue from 2021 to 2023 was reported as 25.26 billion, 28.91 billion, and 38.12 billion respectively, while net losses during the same period were 20.71 billion, 11.66 billion, and 5.41 billion [4] - The company achieved a net profit of 71.6 million in the first five months of the previous year, indicating a potential turnaround [4] IPO Challenges - Fengchao's IPO application submitted in August 2024 became invalid in February 2025 due to not passing the hearing within six months [3][4] - The company has faced scrutiny from regulatory bodies regarding its business practices and revenue sources, particularly concerning "retention fees" [3][4] Market Outlook - The departure of Xu Yubin raises questions about Fengchao's future operations and its potential for an IPO, with industry experts suggesting that the core issue is whether the company should pursue the listing at all [5]
创始人兼CEO徐育斌被曝因身体原因辞职 丰巢灵魂人物离场：“快递柜第一股”梦想搁浅？
Mei Ri Jing Ji Xin Wen·2025-10-15 12:03