据招股书显示，粤十数智是一家由数智化驱动的从事冷链农产品销售的企业，公司通过自研的数字平台，在采购、存储、物流及贸易环节系统性地植入了数 智化能力，构建起了由数据驱动的运营模式，从而可提升整个冷链流通环节的效率、透明度及协同效应。 弗若斯特沙利文表示，若按2024年的冷链农产品销售收入计，粤十数智在中国冷链数智农产品销售市场中排名第八位，市场份额为0.6%。 且从业绩来看，粤十数智实现了高速成长。2023、2024年，粤十数智的收入分别为12.54亿、29.81亿元，期内经调整的净利润分别为-604.3万、2969.1万元。 至2025年前三季度，粤十数智的收入为39.94亿元，同比增长116.71%，期内的经调整净利润为5094.9万元，同比增长82.6%。 此外，粤十数智在经过长达7轮融资之后，中粮资本（002423）、中国供销社控股实体、广垦太证基金投资者、东方国资实体、深圳高新投、贵阳服务外包 基金、无锡梁溪产业基金等国资均已是粤十数智的股东，截至目前持股比例分别为7.55%、6.49%、6.20%、2.10%、1.31%、0.38%、0.95%。 对于业绩高速成长且坐拥强大国资股东阵营的粤十数智，市 ...

被评为"2025年中国隐形独角兽企业500强"的粤十数智开始冲击资本市场。 智通财经APP观察到，深圳粤十数智股份有限公司(以下简称：粤十数智)已于1月26日向港交所主板递交了上市申请书，申万宏源香港为其独家保荐人。 据招股书显示，粤十数智是一家由数智化驱动的从事冷链农产品销售的企业，公司通过自研的数字平台，在采购、存储、物流及贸易环节系统性地植入了数 智化能力，构建起了由数据驱动的运营模式，从而可提升整个冷链流通环节的效率、透明度及协同效应。 弗若斯特沙利文表示，若按2024年的冷链农产品销售收入计，粤十数智在中国冷链数智农产品销售市场中排名第八位，市场份额为0.6%。 且从业绩来看，粤十数智实现了高速成长。2023、2024年，粤十数智的收入分别为12.54亿、29.81亿元，期内经调整的净利润分别为-604.3万、2969.1万元。 至2025年前三季度，粤十数智的收入为39.94亿元，同比增长116.71%，期内的经调整净利润为5094.9万元，同比增长82.6%。 此外，粤十数智在经过长达7轮融资之后，中粮资本、中国供销社控股实体、广垦太证基金投资者、东方国资实体、深圳高新投、贵阳服务外包基金、无锡 ...

Company Overview - The company, Shenzhen Yue Ten Smart Co., Ltd., focuses on the digitalization of cold chain agricultural product sales, supported by its self-developed digital platform [3][4] - It ranks among the top ten in China's digital cold chain agricultural product sales market based on projected revenue for 2024 [3] - The business model consists of two core data-driven segments: cold chain agricultural product sales and comprehensive cold chain digital solutions [3] Business Model - The company recognized the structural shift towards digital transformation in agricultural product distribution and cold chain operations early on [4] - Since its establishment in 2019, it has developed the Yue Ten Smart Cold Chain Cloud Platform, evolving from providing digital information systems to a comprehensive cold chain solution [4] - As of January 19, 2026, over 750 domestic cold chain operators have implemented the company's solutions, covering approximately 30 provinces and regions in China [4] Sales and Customer Engagement - The company has sold cold chain agricultural products to over 1,000 customers, leveraging accumulated data for precise demand forecasting and inventory management [6] - The customer repurchase rate for the cold chain agricultural product sales business reached 51.0% in 2024 [7] Financial Performance - Revenue for the fiscal years ending December 31, 2023, 2024, and the nine months ending September 30, 2025, is approximately RMB 1.25 billion, RMB 2.98 billion, and RMB 3.99 billion respectively [8] - Gross margins for the same periods are 1.8%, 2.7%, and 3.0% [9] - Total losses and comprehensive expenses for the fiscal years are approximately RMB 28.27 million, RMB 219.03 million, and RMB 1.76 billion respectively [10] Industry Overview - The total revenue of China's agricultural cold chain market is projected to grow from RMB 360.2 billion in 2020 to RMB 511.1 billion in 2024, with a compound annual growth rate (CAGR) of 9.1% [12] - The cold chain agricultural product sales market is expected to increase from RMB 2.49 trillion in 2020 to RMB 3.48 trillion in 2024, with a CAGR of 8.7% [12] - The digital cold chain agricultural product sales market is anticipated to expand from RMB 274 billion in 2020 to RMB 522 billion in 2024, reflecting a CAGR of 17.5% [15]

Company Overview - The company, Shenzhen Yue Shi Smart Co., Ltd. (Yue Shi Smart), is primarily engaged in the sales of cold chain agricultural products, supported by its self-developed digital platform [3] - The company ranks among the top ten in China's digital cold chain agricultural product sales market based on projected revenue for 2024 [3] - It operates a dual-core data-driven business model, focusing on cold chain agricultural product sales and providing comprehensive cold chain digital solutions [3] Business Model - The company recognized the structural shift towards digital transformation in agricultural product circulation and cold chain operations early on [4] - Since its establishment in 2019, it has developed the Yue Shi Smart Cold Chain Cloud Platform, evolving from providing digital information systems to a comprehensive cold chain digital solution [4] - As of January 19, 2026, over 750 domestic cold chain operators have implemented the company's solutions, covering approximately 30 provinces, autonomous regions, and municipalities in China [4] Financial Performance - The company's revenue for the fiscal years ending December 31, 2023, 2024, and the nine months ending September 30, 2025, is approximately RMB 1.25 billion, RMB 2.98 billion, and RMB 3.99 billion, respectively [8] - The gross profit margins for the same periods are 1.8%, 2.7%, and 3.0% [9] - The total losses and comprehensive expenses for the fiscal years are approximately RMB 28.27 million, RMB 219.03 million, and RMB 1.76 billion [10] Industry Overview - The total revenue of China's agricultural product cold chain market is projected to grow from RMB 360.2 billion in 2020 to RMB 511.1 billion in 2024, with a compound annual growth rate (CAGR) of 9.1% [12] - The cold chain agricultural product sales market is expected to increase from RMB 2490.9 billion in 2020 to RMB 3479.9 billion in 2024, with a CAGR of 8.7% [12] - The digital cold chain agricultural product sales market is anticipated to expand from RMB 274.0 billion in 2020 to RMB 522.0 billion in 2024, reflecting a CAGR of 17.5% [15]