Jinwu Financial News | According to the Hong Kong Stock Exchange's disclosure on September 17, Flashback Technology once again submitted a listing application to the Hong Kong Stock Exchange, and Qingke Capital is the sole sponsor. The company submitted the statement on February 26, 2024.

The company is a Chinese company engaged in providing aftermarket trading services for consumer electronics products, focusing on the mobile phone recycling service market. According to Frost & Sullivan, in terms of total recycling transactions from the consumer side in 2023, the company is the largest mobile phone recycling service provider in China and the third largest mobile phone recycling service provider in China, with market shares of about 7.4% and 1.4% respectively. According to Frost & Sullivan data, in 2023, the company was also the third largest mobile phone recycling service provider in China based on the sales amount of mobile phones collected from consumers.

On the financial side, the company recorded revenue of 0.75 billion yuan (RMB, same below), 0.919 billion yuan, 1.158 billion yuan, and 0.577 billion yuan respectively in 2021-2023 and the six months ended June 30, 2024. The owners of the corresponding company should have accounted for losses of 48.708 million yuan, 99.084 million yuan, 98.268 million yuan and 39.764 million yuan during the same period.