According to Futu News on May 27,$QUNABOX GROUP (00917.HK)$It opened up 32.00% on the first day. As of the press report, it had a turnover of HK$39.0191,000 and a total market value of HK$8.669 billion.

Market source: Futu Securities

According to previous information, in Futu's undermarket trading on the previous trading day, Quzhi Group closed higher, closing up 38.20% to HK$34.55, with a turnover of HK$6.7838 million, with a total market value of HK$9.076 billion; 200 shares per lot, without handling fees, earned HK$1,910 per lot.

Furthermore, according to previous public information, Quzhi Group was subscribed 12.05 times during the public sale phase, and the final number of shares distributed to the public sale was 1.974,400 shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 5,765 valid applications were received, and the number of applications processed was 4,206. The approximate percentage of H shares allocated in first-hand lots was 60.02% of the total number of applications.

Futu Information collates the relevant data as shown below:

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%.

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