Group 1: Company Overview - Xiamen Ketuo Communication Technology Co., Ltd. (referred to as Ketuo) has submitted a listing application to the Hong Kong Stock Exchange, with CICC and Minyin Capital as joint sponsors [1] - Ketuo is a smart parking space operator that integrates intelligent technology to connect the three key elements of urban parking: people, vehicles, and spaces [4] - Since its establishment in 2006, the company has developed into a comprehensive parking industry group, offering smart parking systems, management services, and parking lot operations [4] Group 2: Market Position and Growth Potential - As of the end of 2024, China is projected to have a total of 345.7 million vehicles, making it the country with the largest vehicle ownership globally [4] - The market size for parking space operations in China is expected to grow from RMB 864 billion in 2025 to RMB 1,196.6 billion by 2029, with a compound annual growth rate (CAGR) of 8.5% [4] - Ketuo holds a 3.3% market share in the smart parking space operation industry in China, ranking second in the sector based on revenue for 2024 [4] Group 3: Financial Performance - Ketuo's revenue for the years 2022, 2023, and 2024, as well as for the six months ending June 30, 2024, and 2025, were approximately RMB 649.23 million, RMB 738.02 million, RMB 799.51 million, RMB 341.95 million, and RMB 378.78 million respectively [5][6] - The company's net profit and total comprehensive income for the same periods were RMB 12.30 million, RMB 87.03 million, RMB 86.71 million, RMB 31.59 million, and RMB 25.90 million respectively [5][6] - A significant portion of Ketuo's revenue is derived from its smart parking system business, while its management services and parking lot operations rely on its smart parking hardware and software products [5]
科拓股份二度递表港交所 专注于智慧停车空间运营
Zhi Tong Cai Jing·2025-10-31 13:42