New stock news | Speedy Donkey Technology submits listing application to Hong Kong Stock Exchange as a comprehensive service provider for short-distance green travel technology in mainland China.

According to the disclosure of the Hong Kong Stock Exchange on May 19, Shandong Gallop Technology Development Co., Ltd. (referred to as: Gallop Technology) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with BOCOM INTL as the exclusive sponsor. The prospectus shows that, according to Frost & Sullivan, based on revenue in 2024, Gallop Technology is a comprehensive service provider for short-range green travel technology in mainland China (with a market share of 2.2%). The company collaborates with regional service providers and cooperative stores nationwide to create a short-range green travel service platform that serves light electric vehicle users, large commercial logistics and distribution service providers, and urban green shared travel users. With the company's platform, professional team, and advantages in upstream and downstream industry relationships, the company provides customized solutions (including batteries and components, technical support, and training) to meet the diverse short-range green travel needs of customers. The company's business is centered around an ecological system, which is based on the three pillars of "Gallop Travel", "Gallop Select", and "Gallop Education", and includes three major services and supporting digital platforms, namely "Gallop Maintenance", "Gallop Fast Repair", and "Flash Share", through which the company and its business partners provide diversified products and services. Through the online platform, the company actively collaborates with local cooperative stores to increase product visibility, attract customers, generate revenue, and promote the steady development of short-range green travel technology. Comprehensive services for short-range green travel technology are a key link in meeting consumers' needs for the use of light electric vehicles, including vehicle maintenance, battery replacement, and power supply. According to Frost & Sullivan, the market size of comprehensive services for short-range green travel technology in mainland China is expected to increase from 439 billion RMB in 2020 to 722 billion RMB in 2024, with a compound annual growth rate of 13.3%. The market is expected to continue to grow from 831 billion RMB in 2025 to 1271 billion RMB in 2029, with a compound annual growth rate of 11.2%. The company's revenue breakdown by product and brand is as follows: In terms of finances, in the fiscal years of 2022, 2023, and 2024, Gallop Technology achieved revenues of approximately 1.311 billion RMB, 1.223 billion RMB, and 1.631 billion RMB respectively. During the same periods, the net profits and comprehensive income totaled 6.293 million RMB, 2.295 million RMB, and 7.993 million RMB respectively.