Core Viewpoint - LeMo Technology (02539) experienced a significant decline in stock price, dropping nearly 10% to a new low of 46 HKD, with a trading volume of 14.137 million HKD [1] Company Overview - LeMo Technology is a provider of machine massage services, launching the "LeMo Bar" brand in 2016, offering services in commercial complexes, cinemas, and transportation hubs such as airports and high-speed rail stations [1] - According to Frost & Sullivan, LeMo Technology ranked first among all machine massage service providers in mainland China by transaction value for three consecutive years from 2022 to 2024, with market shares of 33.9%, 37.3%, and 42.9% respectively [1] - By revenue, the company is also projected to hold the top position in the mainland machine massage market in 2024, with a market share exceeding 50% [1] Operational Metrics - The average daily transaction volume per massage device decreased from 2.95 in 2023 to 2.04 in 2024 [1] - The company attributed this decline to a significant increase in the number of massage devices, which rose by approximately 90% from 2023 to 2024, leading to a dilution of transaction volume per device [1] - Newly installed devices require a ramp-up period to reach normal utilization rates, contributing to the reduced transaction volume [1]
乐摩科技午后跌幅扩大近10% 股价刷新上市以来新低