新股消息 | 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 Viewpoint - Suzhou Youlesai Shared Services Co., Ltd. is set to list on the Hong Kong Stock Exchange, with CITIC Construction Investment International as its sole sponsor. The company 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][4]. Company Overview - Youlesai focuses on providing circular packaging services primarily for automotive parts manufacturers and OEMs. 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]. - The company operates two core business segments: container services and container sales, with most revenue generated from shared operation services within the container services segment [4][6]. Business Model - The container services segment includes shared operations, leasing services, and other value-added services. Shared operations provide a comprehensive solution for standardized circular containers, allowing clients to borrow and return containers as needed [6]. - Leasing services offer fixed-term rentals where the company provides containers while clients manage their logistics operations. Additional services include logistics transportation, warehousing management, and management of clients' own containers [6]. Market Presence - As of August 31, 2025, Youlesai's service network spans over 100 cities, including major locations like Shanghai, Wuxi, Guangzhou, Wuhan, and Chongqing, as well as international locations in Indonesia and South Korea. The company has established subsidiaries in Thailand and Hong Kong to support potential international clients and accelerate global expansion [6]. - The strategic layout in Thailand enables the company to serve OEMs and major electric vehicle manufacturers globally, addressing the growing demand in the electric vehicle sector [6]. Financial Performance - For the fiscal years ending December 31, 2022, 2023, and 2024, and for the eight months ending August 31, 2025, the company reported revenues of approximately RMB 648 million, RMB 794 million, RMB 838 million, and RMB 533 million, respectively. The net profits for the same periods were approximately RMB 31.2 million, RMB 64.1 million, RMB 50.7 million, and RMB 26.9 million [7][8].