优乐赛通过港交所聆讯 为中国循环包装服务第二大提供商

Core Insights - Suzhou Youlesai Shared Services Co., Ltd. (Youlesai) is set to list on the Hong Kong Stock Exchange, with CITIC Construction Investment International as its sole sponsor [1] - According to Frost & Sullivan, Youlesai is the second-largest provider of circular packaging services in China, holding a market share of 1.5%, and the largest provider in the automotive shared operation service market with a market share of 8.2% [1] Company Overview - Youlesai focuses on providing circular packaging services primarily for automotive parts manufacturers and OEMs [4] - The company offers shared operations, managing pallets, crates, and containers for clients, including storage, distribution, and return handling through third-party logistics providers [4][6] - In addition to shared operations, Youlesai provides leasing services, warehousing management, and sales of containers to clients who prefer to manage their own packaging [4][6] Business Segments - The core business segments of Youlesai include container services and container sales, with most revenue generated from shared operation services [4][6] - Container services encompass a full range of solutions for standardized circular containers, allowing clients to borrow and return containers as needed [6] - The container sales segment offers circular container products, such as large collapsible turnover boxes and small turnover boxes, primarily serving small and medium-sized enterprises in the automotive industry [6] Network and Infrastructure - Youlesai has established a comprehensive network and infrastructure for circular packaging services, covering over 100 cities, including major locations like Shanghai, Wuxi, Guangzhou, Wuhan, and Chongqing, as well as international locations in Indonesia and South Korea [6] - The company operates a network of 78 warehouses to manage containers and provide services to clients, with strategic expansions in Thailand and Hong Kong to support international clients and accelerate global growth [6] Financial Performance - For the fiscal years ending December 31 and the eight months ending August 31, Youlesai reported revenues of approximately RMB 648 million, RMB 794 million, RMB 838 million, and RMB 533 million for 2022, 2023, 2024, and 2025 respectively [7][8] - The company recorded profits of approximately RMB 31.2 million, RMB 64.1 million, RMB 50.7 million, and RMB 26.9 million for the same periods [7][8]