综合出行平台活力集团递表港交所 平台注册用户累计超2.17亿名

Core Viewpoint - The company, Huoli Group, is a well-known integrated travel platform in China, providing a full suite of multi-modal travel products and services, with significant growth in revenue and user base projected in the coming years [3][4]. Company Overview - Huoli Group offers travel-related services through flagship applications, including Flight Butler and High-speed Rail Butler, catering to both individual travelers and corporate clients [3]. - The company ranks eighth in the Chinese integrated internet travel service market, holding approximately 1.4% market share, with a GMV of RMB 29,542 billion projected for 2024 [3][13]. - The online train ticket booking market in China is expected to reach a GMV of RMB 5,929 billion in 2024, with Huoli Group being the third-largest third-party platform, capturing about 2.4% of the market [3]. Financial Performance - Revenue for Huoli Group has shown significant growth, with figures of approximately RMB 280 million in 2022, RMB 501.6 million in 2023, and projected RMB 646.98 million in 2024 [5][8]. - The company reported profits of RMB -758,000 in 2022, RMB 59.31 million in 2023, and RMB 51.15 million in 2024, indicating a positive trend in profitability [6][8]. - Gross profit margins have improved from 47.1% in 2022 to 57.1% in the first half of 2025 [9][10]. Market Overview - The Chinese integrated internet travel service market has rebounded post-COVID-19, with a projected revenue increase from RMB 670 billion in 2019 to RMB 992.2 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.2% [10][13]. - The GMV for the integrated internet travel service market is expected to grow from RMB 19,957 billion in 2019 to RMB 29,542 billion in 2024, with a CAGR of 8.2% [13][16]. - By 2029, the market is projected to reach RMB 54,044 billion, with the online transportation booking market expected to hit RMB 40,866 billion [13][16].