新股消息 | 鑫谊麟禾科技递表港交所 为前五大线上MRO采购服务提供商

Core Viewpoint - Shanghai Xinyi Linhe Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, positioning itself as a leading online MRO procurement service provider in China, with a significant market presence and a growing customer network [1][3]. Company Overview - Established in 2013, the company integrates a digital trading platform with MRO product manufacturing capabilities, enhancing transaction efficiency within the MRO supply chain [3]. - The business model combines a proprietary digital platform and manufacturing capabilities, creating a self-reinforcing operational model [3]. - The digital platform includes a nationwide self-operated platform and a suite of proprietary mobile applications for regional partners, facilitating online order reception and standardized fulfillment services [3]. Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenues of approximately RMB 504.55 million, with projected revenues of RMB 877.38 million for 2024 and RMB 1.12 billion for the nine months ending September 30, 2025 [6][7]. - The company incurred net losses of approximately RMB 652.53 million in 2023, RMB 773.63 million in 2024, and RMB 489.35 million for the nine months ending September 30, 2025 [8]. - Gross margins were reported at 20.0% for 2023, 23.7% for 2024, and 19.5% for the nine months ending September 30, 2025 [10]. Industry Overview - The global MRO procurement services market is projected to grow from RMB 7.1 trillion in 2020 to RMB 9.0 trillion by 2024, with a compound annual growth rate (CAGR) of 6.2% [11]. - The Chinese MRO procurement services market is expected to expand from RMB 3.0 trillion in 2020 to RMB 3.7 trillion by 2024, with a CAGR of 5.6% [11]. - The online MRO procurement services market in China is anticipated to grow from RMB 0.2 trillion in 2020 to RMB 0.4 trillion by 2024, with a CAGR of 20.8% [13].