共享按摩设备商乐摩科技通过港交所聆讯 已投放超50万张按摩椅

Core Viewpoint - LeMo Technology Service Co., Ltd. is preparing for its IPO on the Hong Kong Stock Exchange, with CITIC Securities and Shenwan Hongyuan as joint sponsors. The company previously filed under the name Fujian LeMo IoT Technology Co., Ltd. [1] Company Overview - LeMo Technology provides massage services through machine-operated devices located in high-traffic public areas across China. The company ranks first among machine massage service providers in China by transaction volume, with market shares of 33.9%, 37.3%, and 42.9% for the years 2022 to 2024, respectively. By revenue, it is projected to hold over 50% market share in 2024 [3][4]. Market Position - As of December 31, 2024, there are over 10,000 massage service providers in China, with more than 50 being machine massage service providers. The machine massage service market is expected to reach RMB 2.7 billion in 2024, representing approximately 0.5% of the overall massage market, which is projected at RMB 536.2 billion. LeMo's market share in the overall massage market is about 0.2% [3][4]. Service Network Expansion - The number of service outlets increased from 21,727 on December 31, 2022, to 45,993 by December 31, 2024, reflecting a compound annual growth rate (CAGR) of approximately 45.49%. As of November 15, 2025, LeMo has established over 48,000 service outlets and deployed more than 533,000 massage machines across 31 provincial-level regions and 337 cities in China [4]. Consumer Reach - The company has a strong market presence, with over 174 million identifiable consumers and more than 40 million registered members as of November 15, 2025. The company has achieved significant milestones in service outlet coverage, including 5,318 outlets in commercial complexes over 30,000 square meters, 904 cinemas with annual box office exceeding RMB 5 million, and 24 airports with annual traffic over 10 million [4]. Financial Performance - LeMo's revenue for the fiscal years 2022, 2023, 2024, and the eight months ending August 31, 2025, were approximately RMB 330.15 million, RMB 586.84 million, RMB 797.99 million, and RMB 630.73 million, respectively. The net profit for the same periods was RMB 6.48 million, RMB 87.34 million, RMB 85.81 million, and RMB 88.55 million [6][7].