New stock news | Boche.com submits application to Hong Kong Stock Exchange, ranking first in the domestic accident car auction industry.

According to the disclosure of the Hong Kong Stock Exchange on February 21, Boche Holding Limited (Cayman) (hereinafter referred to as "Boche.com") filed for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC and FOSUN INTL Capital acting as joint sponsors. The prospectus shows that Boche.com is the largest accident vehicle auction platform. According to data from Zero Insight Consultancy, based on trading volume in 2023, Boche.com ranks first in the Chinese accident vehicle auction industry with a market share of approximately 31.3%. Leveraging the company's valuation infrastructure and Wuxi Online Offline Communication Information Technology Co., Ltd.'s integrated auction model, the company's accident vehicle auction platform effectively connects upstream accident vehicle sources (mainly insurance companies) with downstream accident vehicle buyers (mainly certified repair shops and licensed automotive dismantling plants). Since its establishment in 2014, Boche.com has been committed to improving the operational efficiency and transaction transparency of the accident vehicle auction industry. With a large, real-time accident vehicle transaction data and innovative proprietary E-Pricing and E-Value systems, Boche.com is able to quickly provide valuations for each accident vehicle, providing valuable insights for both accident vehicle sources and buyers. In addition, Boche.com's accident vehicle auction platform enhances transparency and transaction efficiency between vehicle sources and buyers, speeding up the identification of accident vehicle values and providing a better trading experience for all participants. In addition to accident vehicle auctions, Boche.com also connects upstream used vehicle sources with downstream used vehicle buyers, facilitating used vehicle transactions through auctions. According to data from Zero Insight Consultancy, based on auction volume in 2023, Boche.com is the largest institutional used vehicle auction platform in China and the third largest B2B used vehicle auction platform. To better facilitate auctions, the company also provides a full range of supporting services to meet the diverse and evolving needs of vehicle sources and buyers. The company's supporting services cover the entire auction process, aiming to optimize the transaction process for accident and used vehicles, reduce transaction cycles, and improve user experience. According to data from Zero Insight Consultancy, Boche.com is the only accident vehicle auction platform that can provide a full range of auction and supporting services covering the entire accident vehicle auction process. Financially, for the nine months ended September 30, 2022, 2023, and 2024, Boche.com's revenues were approximately RMB 3.88 billion, RMB 5.18 billion, and RMB 4.04 billion respectively; during the same period, the company achieved gross profits of RMB 1.72 billion, RMB 2.59 billion, and RMB 1.91 billion respectively.