Company Overview - Pinecone Wisdom Inc. is a leading shared electric bike service provider in China, ranked fourth in the overall market and the largest operator in peripheral development areas based on the number of bikes deployed and transaction volume by 2024 [2] - As of September 30, 2025, the company has deployed 454,627 shared electric bikes across 422 cities and counties, with registered users increasing from 99 million at the end of 2023 to 128.3 million by September 30, 2025 [2] - The core business model includes providing platform services for operational partners, advertising services through the Pinecone Travel app, and selling bikes and spare parts [2] Financial Performance - The company reported revenues of approximately 953 million RMB for the fiscal year 2023, 963 million RMB for 2024, and 746 million RMB for the nine months ending September 30, 2025 [3] - Annual losses were recorded at approximately 192 million RMB for 2023, 151 million RMB for 2024, and 59.98 million RMB for the nine months ending September 30, 2025 [4] - Gross profits were reported as 151 million RMB for 2023, 182 million RMB for 2024, and 181 million RMB for the nine months ending September 30, 2025 [5] Industry Overview - The shared electric bike industry in China is experiencing significant growth, with market size increasing from 2.2 billion RMB in 2019 to an estimated 16.6 billion RMB by 2024, reflecting a compound annual growth rate (CAGR) of 49.7% [6] - The transaction volume in peripheral development areas is projected to grow from 1 billion RMB in 2019 to 4.4 billion RMB by 2024, with a CAGR of 33.6% [6] - In urban areas, the transaction volume is expected to rise from 1.2 billion RMB in 2019 to 12.2 billion RMB by 2024, with a CAGR of 59.8% [7] - By 2032, the transaction volume in urban areas is forecasted to reach approximately 75.1 billion RMB, with a CAGR of 25.5% from 2024 to 2032 [8]
新股消息 Pinecone Wisdom Inc.递表港交所 为中国共享电单车服务供货商