Flash Delivery successfully landed on NASDAQ and rose 9.15% on its first day of trading
六月清晨搅
发表于 2024-10-6 13:04:33
168
0
0
Red Star Capital Bureau reported on October 6th that on October 4th, Flash Delivery (FLX. US) successfully landed on NASDAQ. On the first day of listing, Flash Delivery opened at $16.5 per share and closed at $18.01 per share, up 9.15%. After ten years of commercial operation, the Flash Delivery Station has reached a new level.
According to data from third-party iResearch Consulting, based on 2023 revenue, Flash Delivery is the largest independent on-demand express delivery service provider in China, with a market share of approximately 33.9%. In the same year, Flash Delivery achieved a turnaround from losses to profits.
China's largest independent on-demand express delivery service provider
As one of the earliest companies to enter the same city instant delivery industry, the biggest feature of Flash Delivery is "one-on-one express delivery". The entire service process from picking up the package from the sender to delivering the item to the recipient is handled by one Flash Delivery person, and each Flash Delivery person can only accept one order at a time. This has created differentiated competition for Flash Delivery.
According to the prospectus, in 2021-2023 and the first half of 2024, the revenue of Flash Delivery was 3.04 billion yuan, 4.003 billion yuan, 4.529 billion yuan, and 2.284 billion yuan, respectively, with a slight slowdown in revenue growth.
Before 2023, Flash Delivery had sustained losses. From 2021 to 2022, Flash Delivery incurred net losses of 291 million yuan and 180 million yuan respectively. In 2023, it turned losses into profits and achieved net profits of 110 million yuan and 124 million yuan in the first half of 2023 and 2024, respectively.
According to data from third-party iResearch Consulting, based on 2023 revenue, Flash Delivery is the largest independent on-demand express delivery service provider in China, with a market share of approximately 33.9%.
However, it is worth mentioning that the IPO prospectus of Flash Delivery states that achieving profitability in 2023 is mainly due to the increase in government subsidies determined by relevant government departments at their discretion.
In terms of cost expenditure, the salary and rewards of flash delivery riders account for the largest proportion. In 2021-2023 and the first half of 2024, the revenue was 2.551 billion yuan, 3.614 billion yuan, 3.975 billion yuan, and 1.951 billion yuan, respectively, accounting for 90.5%, 90.3%, 87.8%, and 85.4% of the total revenue. At the same time, although the gross profit margin of Flash Delivery has continued to increase in the past three years, it is still in single digits.
The same city instant delivery market is still growing
The local instant delivery industry market is still growing and competition is intensifying.
According to the prospectus, it is expected that the independent on-demand express delivery market in China will grow at a compound annual growth rate of 27.8% from 2023 to 2028, surpassing the overall on-demand delivery market's compound annual growth rate of 19.1%. By 2028, the overall on-demand delivery market in China will increase to 809.6 billion yuan, and the independent on-demand express delivery market in China will increase to 53.237 billion yuan.
In the past three years, the number of fulfilled orders for Flash Delivery has increased from 159 million in 2021 to 213 million in 2022, then to 271 million in 2023, and from 125 million in the first half of 2023 to 138 million in the first half of 2024.
According to the revenue divided by the number of orders, the average revenue per order for Flash Delivery in 2021-2023 and the first half of 2024 was 19.2 yuan, 18.8 yuan, 16.7 yuan, and 16.5 yuan, respectively, showing a decreasing trend year by year.
Flash Delivery admitted in its prospectus that its business growth is highly dependent on the future growth of China's on-demand delivery industry. The on-demand express delivery market is fiercely competitive, characterized by continuous market changes and rapid technological development, which has spawned new market entrants and financially strong competitors, and introduced new business models that have caused disruptive changes to its business.
At present, SF Express, Meituan Delivery, and Dada Group (DADA.US) are all accelerating their layout.
Edited by Deng Lingyao from China National Radio, The Paper, and 21st Century Business Herald
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- The Nasdaq China Golden Dragon Index closed up 0.59%, with most popular Chinese concept stocks rising
- The Nasdaq China Golden Dragon Index closed down 4.45%, with popular Chinese concept stocks falling overall
- The Nasdaq China Golden Dragon Index closed down 1.09%, with most popular Chinese concept stocks falling
- The Nasdaq Golden Dragon Index fell nearly 2%, while NetEase's performance went against the trend and rose over 7%
- The NASDAQ China Golden Dragon Index fell nearly 2%, Bilibili fell over 12%, and NetEase rose over 10% against the trend
- The Nasdaq China Golden Dragon Index closed up 1.71%, with most popular Chinese concept stocks rising
- The Nasdaq China Golden Dragon Index closed up 1.71%, with most popular Chinese concept stocks rising
- Supermicro Computer's US stock rose 40% after closing, as it submitted a compliance plan to NASDAQ
- Global markets: US stocks fluctuate, Tesla rises over 5%, Nasdaq China Golden Dragon Index closes up 1.71%
- The Nasdaq China Golden Dragon Index closed down 1%, with most popular Chinese concept stocks falling
-
知名做空机构香橼研究(Citron Research)周四(11月21日)在社交媒体平台X上发布消息称,该公司已决定做空“比特币大户”微策略(Microstrategy)这家公司,并认为该公司已经将自己变身成为一家比特币投资基金 ...
- caffycat
- 昨天 11:18
- 支持
- 反对
- 回复
- 收藏
-
每经AI快讯,11月20日,文远知行宣布旗下自动驾驶环卫车S6与无人扫路机S1分别在新加坡滨海湾海岸大道与滨海艺术中心正式投入运营。据介绍,这是新加坡首个商业化运营的自动驾驶环卫项目。 ...
- star8699
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
上证报中国证券网讯(记者王子霖)11月20日,斗鱼发布2024年第三季度未经审计的财务报告。本季度斗鱼依托丰富的游戏内容生态,充分发挥主播资源和新业务潜力,持续为用户提供高质量的直播内容及游戏服务,进一步 ...
- goodfriendboy
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
人民网北京11月22日电 (记者栗翘楚、任妍)2024广州车展,在新能源汽车占据“半壁江山”的同时,正加速向智能网联新能源汽车全面过渡,随着“端到端”成为新宠,智能驾驶解决方案成为本届广州车展各大车企竞 ...
- 3233340
- 昨天 17:06
- 支持
- 反对
- 回复
- 收藏