快驴科技冲刺上市，营收16亿，利润800万

Core Viewpoint - Shandong Kuailu Technology Development Co., Ltd. (Kuailu Technology) has submitted its IPO application to the Hong Kong Stock Exchange, aiming to raise funds for five strategic directions, including expanding service networks and enhancing product offerings [1]. Group 1: Company Overview - Kuailu Technology, established in 2014, provides customized solutions for short-distance green travel, primarily serving light electric vehicle users and large commercial logistics [3]. - As of 2024, Kuailu Technology holds a 2.2% market share in the short-distance green travel technology service sector in mainland China, ranking first in the industry [3]. Group 2: Financial Performance - The company's revenue for the years 2022, 2023, and 2024 was approximately RMB 1.31 billion, RMB 1.22 billion, and RMB 1.63 billion, respectively, with a year-on-year decline of 6.7% in 2023 and a projected growth of 33.4% in 2024 [4][5]. - Net profits for the same years were RMB 6.29 million, RMB 2.30 million, and RMB 7.99 million, indicating a concerning profitability trend with net profit margins of only 0.5%, 0.2%, and 0.5% [4][5]. - Operating cash flow for the years was RMB 0.28 billion, RMB 0.72 billion, and RMB 0.84 billion, totaling RMB 1.84 billion over three years, while the total net profit was approximately RMB 16.58 million [6][7]. Group 3: Supply Chain and Dependency - Kuailu Technology's primary revenue source is the sale of lead-acid batteries, which accounted for 99.4%, 99.4%, and 99.1% of total revenue during the reporting period, with the Jinchaowei brand dominating the sales [12]. - The company heavily relies on its largest supplier, Chaowei Group, which constituted 98.5%, 87.0%, and 99.2% of total procurement amounts over the same periods, raising concerns about operational stability due to this supplier concentration [14].