news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

electric eel finance / text

on the stage of the capital market, every company seeking to go public is a traveler with dreams and challenges. recently, the highly anticipated flashback technology has once again made an impact on the hong kong stock market, trying to raise funds through a public offering to support the continued development of its business. however, the road for this technology company has not been smooth sailing, and the continuous loss of net profit has become a major test it must face.

"electric eel finance" noted that flashback technology disclosed in its prospectus that the company is a chinese company engaged in providing aftermarket trading services for consumer electronic products, focusing on the mobile phone recycling service market. according to frost & sullivan, based on the total amount of recycling transactions from consumers in 2023, the company is china's largest offline mobile phone recycling service provider for trade-ins, and also china's third largest mobile phone recycling service provider, with market shares of approximately 7.4% and 1.4%, respectively. according to frost & sullivan, in 2023, based on the sales amount of mobile phones recycled from consumers, the company is also china's third largest mobile phone recycling service provider.

the prospectus shows that flashback technology's revenue increased from approximately rmb 749.7 million for the year ended december 31, 2021 to approximately rmb 919.1 million for the year ended december 31, 2022, and further increased to approximately rmb 1,158.4 million for the year ended december 31, 2023, with a compound annual growth rate of approximately 26%.