粤十数智递表港交所 在中国数智化冷链农产品销售市场中排名前十

Company Overview - The company, Shenzhen Yue Ten Smart Co., Ltd., focuses on the digitalization of cold chain agricultural product sales, supported by its self-developed digital platform [3][4] - It ranks among the top ten in China's digital cold chain agricultural product sales market based on projected revenue for 2024 [3] - The business model consists of two core data-driven segments: cold chain agricultural product sales and comprehensive cold chain digital solutions [3] Business Model - The company recognized the structural shift towards digital transformation in agricultural product distribution and cold chain operations early on [4] - Since its establishment in 2019, it has developed the Yue Ten Smart Cold Chain Cloud Platform, evolving from providing digital information systems to a comprehensive cold chain solution [4] - As of January 19, 2026, over 750 domestic cold chain operators have implemented the company's solutions, covering approximately 30 provinces and regions in China [4] Sales and Customer Engagement - The company has sold cold chain agricultural products to over 1,000 customers, leveraging accumulated data for precise demand forecasting and inventory management [6] - The customer repurchase rate for the cold chain agricultural product sales business reached 51.0% in 2024 [7] Financial Performance - Revenue for the fiscal years ending December 31, 2023, 2024, and the nine months ending September 30, 2025, is approximately RMB 1.25 billion, RMB 2.98 billion, and RMB 3.99 billion respectively [8] - Gross margins for the same periods are 1.8%, 2.7%, and 3.0% [9] - Total losses and comprehensive expenses for the fiscal years are approximately RMB 28.27 million, RMB 219.03 million, and RMB 1.76 billion respectively [10] Industry Overview - The total revenue of China's agricultural cold chain market is projected to grow from RMB 360.2 billion in 2020 to RMB 511.1 billion in 2024, with a compound annual growth rate (CAGR) of 9.1% [12] - The cold chain agricultural product sales market is expected to increase from RMB 2.49 trillion in 2020 to RMB 3.48 trillion in 2024, with a CAGR of 8.7% [12] - The digital cold chain agricultural product sales market is anticipated to expand from RMB 274 billion in 2020 to RMB 522 billion in 2024, reflecting a CAGR of 17.5% [15]