Digital Freight Platform Victoria Express intends to go to Hong Kong to go public. In 2021, GTV is 38 billion yuan online

On June 30, Capital State learned that Hefei Weitian Express Information Technology Co., Ltd. (Weitian Express Information) was delivered to the Hong Kong Stock Exchange on June 29. It is intended to be listed on the motherboard. Haitong International is an exclusive sponsor.

According to the information of Burning Consultation, during the Track Record, according to the online GTV, the company operates one of China's largest digital freight platforms. The company's platform provides a full -link digital freight service and solution for logistics companies and cargo -owned enterprises, as well as truck drivers. From the starting stage of digital freight business to December 31, 2021, the company has provided services for more than 9,600 consignments and 2.3 million truck drivers. It has completed a total of more than 28.7 million consignment orders on the company's platform.

In 2021, the total amount of freight (including VAT) (including VAT) was settled on the corporate platform through transactions based on Chinese law as a legal carrier. For the four months ended April 30, 2022, the total online GTV of the transportation orders on the company's platform was 11.6 billion, compared with the four months ended April 30, 2021, the online GTV of the transportation order was completed on the platform. Fall 2.9%.

As of December 31, 2021, Weitian Express Information had more than 2.7 million registered users.

During the track record period, more than 99%of the company's income comes from digital freight business, and the remaining income comes from other businesses such as commodity sales and advertising services in Kaga services.

The company's business is mainly composed of three parts: digital freight business, card friend zone, and cards. From 2019 to 2021, the active users of the Card Friends Zone APP are 294,500, 248,900 and 199,000.

The company's revenue increased from 3.6 billion yuan in 2019 to 6.3 billion yuan in 2021, with a compound annual growth rate of 33.0%. In 2019, 2020 and 2021, the company recorded a net loss of 3.3 million yuan, a net profit of 26.1 million yuan, and a net profit of 50.7 million yuan.

In the prospectus, Weitian Express Information stated that in November and December 2020, the China Information and Communication Research Institute of the Ministry of Industry and Credit Ministry received several notices, claiming that the company might violate relevant regulations and regulations on privacy, because Several third -party software development tool packs linked to the Kayou Zone APP are found in improper collection and processing user information (such as the MAC address of the user device without user authorization without user authorization at the initial operation of the APP). In December 2020, the Kayou Zone APP was temporarily stopped by the Ministry of Industry and Information Technology to download on several major APP platforms. To cope with the suspension, the company takes detailed measures to improve the compliance in privacy protection.

After the comprehensive rectification, the suspension of the APP APP of the Kajian Zone was lifted in January 2021.

The company intends to use the IPO fundraising funds to further upgrade and strengthen digital freight business in order to meet customers' more in -depth needs in more diversified business scenarios, and improve the user experience of digital freight business; to further expand the card card Youdi Band and Kajia suit; used to enhance research and development strength and strengthen technical capabilities; for recruiting additional sales, marketing and operating personnel, the talent reserves are consistent with business growth, as the company is expected to recruit about 500 new new new new newly recruiting at the end of 2023 Employees, thereby supporting the expansion of digital freight business; for operating funds and other general companies.

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