腾讯、俞敏洪等知名资本都投了！厦门一公司冲刺IPO：停车生意做到中国第二，还“出海”到了泰国、新加坡等国，累计服务车辆突破3亿

Core Viewpoint - Keta Co., Ltd., China's second-largest smart parking space operator, has submitted its fourth IPO application to the Hong Kong Stock Exchange after previous attempts in 2017, 2021, and an unsuccessful filing in April 2025 [1][2]. Company Overview - Founded in 2006, Keta ranks second in China's smart parking space operation industry with a market share of 3.3% based on 2024 revenue [2]. - As of June 30, 2025, Keta operates 19,341 parking lots, serving a total of over 68,000 parking projects globally, with services covering 60 countries and regions [2][3]. - The company reported an average of 2.1 million temporary parking orders per day in 2024, generating an annual transaction volume exceeding 7.5 billion yuan [2]. Financial Performance - Keta's revenue for 2022, 2023, and 2024 was approximately 649 million yuan, 738 million yuan, and 800 million yuan, respectively, with gross margins of about 43.07%, 46.44%, and 45.89% [5]. - The net profit for 2022 was 12.3 million yuan, increasing to 87 million yuan in 2023, but stabilizing at 86.7 million yuan in 2024, indicating a trend of revenue growth without corresponding profit increases [5]. Business Model and Competitive Advantage - Keta's business structure features a core smart parking system supported by parking lot management and value-added services, with the smart parking system contributing over 60% of revenue [4]. - The company pioneered the "cardless era" in parking management with its video-based payment system in 2012 and has maintained a leading position in technology application through partnerships, such as with Tencent [3]. Management and Ownership - The founding team consists of Sun Longxi and He Jin, who hold significant shares in the company, with Sun owning 30% and He 70% initially [6]. - The management team is characterized by a blend of technical and business expertise, with both founders serving as co-controlling shareholders [6]. Capital and Funding - Keta has attracted notable investments, including 130 million yuan from Tencent, which holds an 8.46% stake, and 3.7% from Hongtai Aplus, co-founded by prominent figures like Yu Minhong [7]. - The IPO proceeds are intended for technology development, market expansion in coastal regions, and enhancing marketing and service networks [7]. Global Expansion Plans - Keta's operations have successfully localized license plate recognition and electronic payment systems in key overseas markets, including Thailand and Singapore, indicating a feasible global expansion strategy [8].