国内二手车交易龙头：根据灼识咨询的资料，就2022年的交易量而言，公司是全国最大的二手车交易服务提供商。作为一家连接二手车买家及卖家的交易媒介，公司透过旗下交易平台以同步拍及在线拍两种拍卖形式促成二手车交易。2022年，通过公司的交易平台交易的二手车约为160,000辆，在中国二手车交易服务提供商的市场份额为12.6%。2023年，通过公司的交易平台交易的二手车约为176,000辆。同时公司也是全国线下拍场数量最多、线下服务地理覆盖最广的二手车交易服务提供商。截至2023年12月31日，公司在中国的74个城市战略性地设立79个拍场，而所提供的线下服务覆盖全国317个城市。According to Futu News on May 30th,$AUTOSTREETS (02443.HK)$Today's dark market opened higher, closing up 44.31% to HK$14.72, with a turnover of HK$4.6974 million, with a total market value of HK$12.257 billion; 200 shares per lot earned HK$904 per lot without handling fees.
Market Source: Futu Securities Securities>
Investment highlights
Domestic used car trading leader: According to Insight Consulting data, in terms of 2022 transaction volume, the company is the largest used car trading service provider in the country. As a trading medium connecting used car buyers and sellers, the company facilitates used car transactions through its trading platform in the form of simultaneous and online auctions. In 2022, approximately 160,000 used cars were traded through the company's trading platform, and the market share of used car trading service providers in China was 12.6%. In 2023, approximately 176,000 used cars were traded through the company's trading platform. At the same time, the company is also a used car trading service provider with the largest number of offline auctions in the country and the widest geographical coverage of offline services. As of December 31, 2023, the company has strategically set up 79 studios in 74 cities in China, and the offline services provided cover 317 cities across the country.
Online and offline integrated auction services: The company's core advantage is the “driveway shooting model”. It uses used car auction technology products such as online trading platforms and simultaneous satellite information transmission equipment to provide a full range of auction services to users of auction houses around the world, and provides customers with value-added services such as car licensing, inspection, refurbishment, financing, and training. Online and offline integrated used car auction services effectively solve industry pain points, facilitate immediate, transparent and efficient used car transactions between buyers and sellers all over the country, and completely change the used car trading experience through a variety of services, a nationwide auction network and technology.
Risk warning
Industry risks: The company's business is affected by various industry risks related to the used car industry in China, including the overall development and evolution of the Chinese automobile industry. New car sales and price fluctuations may affect used car sales and prices, etc. If it is unable to adapt well to changes in the industry, the company's business and operating performance will be adversely affected.
Business risk: If the number of used cars disposed of by the company's sellers is drastically reduced, the company fails to obtain or lose a large number of sellers, the company's relationship with sellers or their business operations adversely changes, or its upstream used car supply is disrupted due to other reasons, the company's business and operating performance will be adversely affected.
Edit/Afina
