Core Viewpoint - Lemo Services Co., Ltd (乐摩科技) is preparing for an IPO in Hong Kong, marking a significant milestone for the shared economy sector, which has faced criticism for being a "money-burning black hole" [3]. Company Overview - Lemo Services provides massage services through machine-operated devices located in high-traffic public areas across China [4]. - The company has established over 48,000 service points and deployed more than 533,000 massage machines, covering all 31 provincial-level administrative regions and 337 cities in China [5]. Market Position - According to Frost & Sullivan, Lemo Services ranked first among machine massage service providers in China by transaction volume from 2022 to 2024, with market shares of 33.9%, 37.3%, and 42.9% respectively [4]. - By 2024, Lemo Services is projected to hold over 50% market share in terms of revenue within the Chinese machine massage market, which is valued at approximately RMB 2.7 billion [4]. Financial Performance - The company's total revenue for the years ending December 31 for 2022, 2023, and 2024 was RMB 330 million, RMB 587 million, and RMB 798 million respectively, showing year-on-year growth rates of 77.75%, 35.98%, and 13.80% [6]. - Gross profit for the same periods was RMB 85.34 million, RMB 245 million, and RMB 288 million, with net profits of RMB 6.48 million, RMB 87.34 million, and RMB 85.81 million respectively [6]. Future Plans - The funds raised from the IPO will be used to expand service point coverage, enhance technology, improve brand presence, and support operational funding [12].
50万张按摩椅,撑起一个IPO!CFO曾在多家上市公司任职
Sou Hu Cai Jing·2025-11-19 10:22