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新股消息 | 闪回科技港股IPO招股书失效 为中国第三大手机回收服务商

New Stock News | Flashback Technology's Hong Kong IPO prospectus is invalidated, making it the third largest mobile phone recycling service provider in China.

Zhitong Finance ·  Aug 26 10:30

Flashback Technology is a Chinese company engaged in providing aftermarket trading services for consumer electronics products.

The Zhitong Finance App learned that the Hong Kong stock prospectus submitted by Flashback Technology Co., Ltd. (Flashback Technology for short) was 6 months old and expired on August 26, 2024. At the time of submission, Clean Science Capital was its sole sponsor.

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According to the prospectus submitted on February 26, Flashback Technology is a Chinese company engaged in providing aftermarket trading services for consumer electronics products, and is in a leading position in the Chinese mobile phone recycling service market. According to Frost & Sullivan, in terms of total recycling transactions from the consumer side in 2022, the company is the largest mobile phone recycling service provider in China focusing on offline trade-in. It is also the third largest mobile phone recycling service provider in China, with market shares of about 8.4% and 1.5%, respectively.

On the financial side, for the nine months ended September 30 in 2021, 2022, and 2023, Flashback Technology's revenue was approximately RMB 0.75 billion, RMB 0.919 billion, and RMB 0.836 billion, respectively. Losses for the same year/period were approximately RMB 48.708 million, RMB 99.084 million and RMB 99.114 million respectively.

The translation is provided by third-party software.


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