There are more than 3,300 factory stores, and Tuhu Car launched an application for listing on the Hong Kong Stock Exchange

On January 24, Tuhu Yangche, which is all over the streets, submitted a listing application on the Hong Kong Stock Exchange, and this third-party car service platform, which has achieved the largest scale in China, has also opened its own road of capitalization.

As a digital automotive aftermarket service provider, Tuhu Has opened more than 3,300 stores across the country, including 100 in Chongqing, which is an alternative to private car users in Chongqing.

Public data from Tuhu's listing prospectus shows that its revenue has risen at a rate of 20% to 40% in the past two years, with revenue up 24.3% year-on-year in 2020 compared with 2019, with a cumulative revenue of 8.8 billion yuan; and revenue in the first three quarters of 2021, an increase of 41.8% year-on-year, reaching 8.4 billion yuan. It can be predicted that the total revenue of Tuhu Car is expected to exceed the mark of 10 billion yuan in 2021.

From the public channel inquiry, while the revenue is rising steadily, the gross profit level of Tuhu car breeding is also continuously improving. In 2019, 2020 and the first three quarters of 2021, the gross profit margin of Tuhu Car was 7.4%, 12.3% and 15.5%, respectively, showing a continuous upward trend.

"My car's daily maintenance and washing work is carried out in the Tuhu car shop, one is convenient, there are chain stores near my community, the brand endorsement is still very trusting, the price is not expensive than in the store is much cheaper, or genuine; there is service in place, whether it is a large parts replacement or the most concise quick washing, you can feel the staff's care, responsibility, experience is very good." A Mr. Xu, who was carrying out daily maintenance in the store, told the upstream reporter.

It is understood that Tuhu Yangche in Chongqing has crossed various regions and penetrated deeply into various communities, bringing many conveniences to consumers. From a series of car maintenance services, including tire replacement, car maintenance, car maintenance, beauty car washing, car product modification, emergency rescue, etc., through online ordering and offline installation, consumers can enjoy authentic and professional one-stop service experience.

As an innovative service platform that deeply integrates online and offline, Tuhu Has also created a set of digital industry solutions covering all aspects of automotive services to improve the efficiency of the entire automotive service industry. It can be said that Tuhu Yangche is optimizing the operation and management capabilities of small and micro entrepreneurs through its digital solutions, helping small and medium-sized youth to achieve common prosperity and efficiently fulfilling corporate social responsibilities.