共享电单车松果出行递表港交所

Core Viewpoint - Pinecone Wisdom Inc. (referred to as "Pinecone") has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with Huatai International as the sole sponsor [1] Company Overview - Pinecone was established in 2017 and focuses on shared electric bike services, which extend travel distances compared to shared bicycles, effectively meeting short to medium-distance travel needs [1] - The company plays a crucial role in urban transportation systems by connecting public transport hubs with final destinations, addressing the "last mile" of travel [1] Market Position - According to a report by ZhiShi Consulting, Pinecone is the largest shared electric bike operator in China's peripheral development areas and ranks fourth in the overall Chinese market based on transaction volume and the number of bikes deployed by the end of 2024 [1] - As of September 2025, Pinecone's services will cover 422 cities and counties nationwide, with over 455,000 electric bikes deployed and 128 million registered users [1] Financial Performance - Revenue for Pinecone is projected to be 953 million yuan in 2023 and 963 million yuan in 2024, with revenue for the first three quarters of 2025 at 746 million yuan, remaining stable compared to 745 million yuan in the same period of 2024 [1] - Losses for the years 2023, 2024, and the first three quarters of 2025 are reported at 192 million yuan, 151 million yuan, and 60 million yuan respectively, indicating a continuous narrowing of losses [2] - The adjusted net profit for the first three quarters of 2025, calculated according to non-International Financial Reporting Standards, is 26 million yuan [2]