According to Futu News on May 24,$QUNABOX GROUP (00917.HK)$Today's dark market opened higher. It is now up 84% to HK$46, with a turnover of HK$4.203,800 and a total market value of HK$12.084 billion.

Market Source: Futu Securities Securities>

Company Overview

Established in 2013, Quzhi Group is a Chinese marketing service provider for outdoor marketing of FMCG products. The model is to develop and operate vending machines, equipped with various modules to achieve technology-driven interactive functions, including scent emission, motion recognition, and voice interaction, to provide consumers with effective interactive machine marketing services.

As of December 31, 2023, Quzhi Group operated 7,543 vending machines in 22 cities across the country, most of which were located in commercial properties. By attracting consumers to visit and interact and turning them into users of the company's online platform Quina, it integrates offline and online channels. Quizhi Group had approximately 15.9 million annual active users in 2023. According to Insight Consulting, during the track record period, Quzhi Group provided about 1,400 SKUs of FMCG marketing services to 472 brand customers, including products from 74 emerging brands in China's top 100 emerging brands in the beverage, food, and daily necessities industries.

According to Insight Consulting, in terms of revenue in 2023, the company is the fourth largest FMCG outdoor marketing service provider in China, with a market share of about 1.2%, while the market share of the largest market participant is 14.3%.

Financial Overview

In terms of financial conditions, Quzhi Group's revenue in 2021, 2022, and 2023 was RMB 502.4 million, RMB 553.6 million, and RMB 1,06.7 billion respectively. The compound growth rate from 2021 to 2023 reached 41.56%. The gross profit was RMB 345.5 million, RMB 334.6 million, and RMB 535.3 million respectively. The compound growth rate from 2021 to 2023 was 24.47%.

Edit/Joe