August 13, 2022
On Monday, the Shanghai Sci-Tech Innovation Board (STAR Marketplace) checklist committee launched a press release,

On Monday, the Shanghai Sci-Tech Innovation Board (STAR Marketplace) checklist committee launched a press release, appearing that Yonyou Auto Data Generation (Shanghai) Co., Ltd. has been authorized for an IPO. Guotai Junan Securities will function sponsor establishment, and it plans to lift 563 million yuan throughout the transaction ($89.2 million).

To be had knowledge displays that the corporate was once established in 2003, and its major industry makes a speciality of advertising and marketing and aftermarket services and products of the car trade. It is likely one of the main enterprises of tool merchandise and cloud provider suppliers on this sub-sector in China. After being bought in 2010 via Yonyou, a number one home cloud services and products and endeavor useful resource making plans (ERP) answers supplier, the corporate persisted to perform the above industry independently. In 2021, Yonyou made up our minds to spin off Yonyou Auto and record it at the STAR Marketplace.

In line with its prospectus, Yonyou plans to lift 563 million yuan, of which 362 million yuan shall be used for the automobile corporate’s advertising and marketing gadget improve venture, 128 million yuan shall be used for the automobile proprietor services and products platform improve venture, and 73.14 million yuan shall be used for a knowledge research platform.

From 2018 to June, 2021, Yonyou Auto’s running source of revenue was once 487 million yuan in 2018, 487 million yuan in 2019, 476 million yuan in 2020 and 265 million yuan in 2021 from January to June. The web benefit attributed to guardian corporate proprietor’s after deduction of non-recurring was once 67.808 million yuan in 2018, 75.6046 million yuan in 2019, 70.867 million yuan in 2020 and 57.9279 million yuan in 2021 from January to June.

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Yonyou Auto expects to reach running source of revenue of between 575 million yuan and 598 million yuan in fiscal 12 months 2021, an building up of 20.85%-25.58% in comparison to the similar length remaining 12 months. It estimated that web earnings shall be between 116 million yuan and 128 million yuan, an building up of 36.45%-50.64% in comparison to remaining 12 months.

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The corporate principally supplies virtual clever transformation answers, cloud services and products, tool {and professional} services and products within the fields of promoting and aftermarket services and products for purchasers together with automakers, sellers and repair stations within the car trade. It builds a virtual ecosystem platform integrating the car trade chain and throughout industries to empower the virtual transformation. Right through the reporting length, the corporate additionally equipped merchandise or services and products within the box of promoting and aftermarket services and products to shoppers within the building equipment and bike industries.