Tuhu Auto ServicesTuhu Auto Services (Tuhu) (09690.HK), as the " No.1 stock in the independent automotive after-sales service market," disclosed its full-year performance for 2023, marking the company's first complete report since its listing and the first time it achieved a full-year profit after previously incurring losses. In 2023, several key indicators reached record highs. The company's annual revenue in 2023 reached 13.6 billion yuan, a 17.8% year-on-year increase. The strength is also evident in the company's profitability, as in 2023, based on returning to profit, the company's adjusted net profit reached 480 million yuan. The company's gross profit margin significantly increased to a historic high, rising from 3.9% in 2019 to 24.7% in 2023, with an annual gross profit of 3.36 billion yuan. Achieving a full-year profit for the first time is another milestone for Tuhu since its listing on the Hong Kong Stock Exchange on September 26 last year. This not only signifies the success of Tuhu Car Care's innovative business model but also serves as evidence of its leading position and strong capabilities in the industry.Yuanxin TechnologyThe 8th China Healthcare Summit 2023 (CHS2023) was successfully held in Beijing, where the conference released the "CHS2023 China Healthcare Industry Upgrade List" series. After the preliminary collection and selection process, Yuanxin Technology won two major awards: the group was successfully selected as 2023 TOP10 China Internet Medical Enterprises; and its subsidiary, Yuanxin Hui Bao, was successfully selected as one of the Top 10 Diversified Payment Enterprises in China in 2023. Yuanxin Hui Bao is the insurance technology service brand under the Yuanxin Technology Group. As a comprehensive commercial insurance service provider, Yuanxin Hui Bao deeply cultivates four major advantageous service areas: inclusive insurance, drug insurance, health management, and claims investigation. It closely follows market trends and helps build a multi-level medical security system.SUPERMONKEYSUPERMONKEY recently announced a new cooperative model with existing gyms in different cities. The cooperative model involves SUPERMONKEY partnering with local service providers in different cities to serve local users. The partners provide space, while SUPERMONKEY offers self-developed group courses, coach training, as well as WeChat mini-programs and apps to help users complete online reservations on a pay-per-use/monthly basis. Currently, SUPERMONKEY has established cooperative stores in Fuzhou and Xiamen and is set to collaborate with multiple gyms in these two cities. Earlier, SUPERMONKEY announced the launch of self-developed group course training services and also ventured into comprehensive gym services in Shanghai. FoF InvestmentIn the first quarter of 2024, the portfolio invested by Starquest Capital's GP in consumption is in process of IPO.Hongshan's portfolio company AmerSports (NYSE:AS), a sports equipment supplier, was listed on New York Stock Exchange on February 1st, 2024 at the offering price of 13 dollars per share, raising a total of 1.3 billion dollars of funds. The closing price on the first day of listing rose 3.08% from the offering price, with a market capitalization of more than 6 billion dollars.Over the past three months, a number of portfolio companies of Starquest GPs' have completed the next round of financing in Technological Enterprise Services and Healthcare.Technological Enterprise ServicesLinear Capital's portfolio company Corecontrol, an integrated smart factory solutions provider, completed nearly 100 million yuan in series B financing, led by Ally Capital with Yima Capital following. ZhenFund's portfolio company Feysh Technology, a next-generation source code and application security provider, completed tens of millions of yuan in series pre-A+ financing, led by Xiangcheng financial holdings with BSTIG following; Orienspace, a rocket developer, completed nearly 600 million yuan in series B financing, led by Broad Vision Funds, Shenyin&Wanguo Investment, Hongtai Aplus, and Xinding Capital, with existing shareholders Hike Capital, Minyin International, and Pagoda Innovation following; Arcomicro, a millimeter wave radio frequency circuit developer, completed new financing, jointly invested by Bosch Investment and Sino King Capital. Highlight Capital portfolio company Siforward, an intelligent soc chip designer, completed nearly 100 million yuan in series pre-A and pre-A+ financing, invested by Cowin Capital, SEE Fund, and Highlight Capital. Gaorong Capital's portfolio company AaltoSemi, a high-end packaging substrate product manufacturer, completed series A++ financing, invested by BYD, Yuexiu Fund, Riverhead Capital, and Gaoyuan Capital, with existing shareholders following; Zenosic, a high-performance programmable network chip developer, completed nearly 200 million yuan series A+ financing, led by Longqiu Capital, with Ruiyue Investment, Ningmeng Investment, Junsan Capital, G&O Capital, and Hofon Capital following.HealthcareHighlight Capital's portfolio company Anlongbio, a gene therapy technology developer, completed tens of millions of yuan in series A+ financing, jointly invested by Taikun Fund and Shunchuang Industry Investment Fund. Industry RecognitionStarquest Capital was awarded as the "2024 Consumer Sector Institutional Investor".The "2024 China Consumer Annual Gala" jointly organized by PwC, Frost & Sullivan, and the China Consumer CXO Innovation Center, was successfully held at the Hyatt Regency Shanghai Global Harbor on March 8, 2024. Forbes provided special media support for the event. During the gala, the "2024 Forbes China Consumer Annual Awards Ceremony" and the "2024 Sullivan China Consumer Annual Awards Ceremony" were grandly held. Starquest Capital was honored with the "2024 Consumer Sector Institutional Investor" award at this year's China Consumer Sector Award Ceremony. ESG InsightIn February 2024, Mr. Frankie Fang, Managing Partner of Starquest Capital, was invited to participate in an AVCJ interview. He shared his views on "China PE fundraising: GPs seek flexibility in Renminbi funds." Mr. Fang pointed out that the mindset that "Renminbi funds will ultimately come to resemble foreign currency funds in structure" is already evolving, Starquest Capital is now combining its near-term performance matrix with long-term capital appreciation goals.
5月 19 · 已讀1分鐘
