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Wealth Broker观察|量化派开启港股IPO认购!预计中签率低上涨率大
Sou Hu Cai Jing· 2025-11-19 10:40
Group 1 - The core viewpoint of the news is that Quantitative Party has successfully transitioned from a financial facilitation model to an e-commerce and automotive retail platform, enhancing revenue sustainability and regulatory flexibility [1] - The company has shifted its focus to the e-commerce platform "Yang Xiaomei" and the automotive retail platform "Consumption Map," which provide stable cash flow through advertising and platform services [1] - Quantitative Party's revenue is projected to reach nearly 1 billion yuan in 2024, with a net profit of 126 million yuan in the first five months of 2025, indicating significant growth potential in its new business model [4] Group 2 - The competitive landscape for Yang Xiaomei includes large comprehensive platforms and regional strong platforms, while Consumption Map faces competition from third-party lead platforms and automaker digital channels [5] - The company has shown significant improvement in revenue and net profit in 2024-2025, but the sustainability of advertising and transaction commissions, as well as customer retention and lead conversion rates, require long-term validation [5] - The stock's entry fee is moderate at 4949.42 HKD, and the lack of many new stocks for subscription may lead to a low probability of winning shares, with expectations of price increases [2][4]