Manbang group's IPO prospectus submitted to US SEC, with annual revenue of 2.58 billion yuan in 2020
On May 28, Beijing time, manbang group, the world's leading digital freight transport platform, submitted its IPO application documents to the US SEC and planned to be listed on the New York Stock Exchange with the stock code "YMM" and underwriters including Morgan Stanley, CICC and Goldman Sachs. According to the documents, in 2020, manbang's GTV (platform total transaction volume) reached 173.8 billion yuan, with 71.7 million orders, revenue of 2.58 billion yuan, gross profit rate of 49%, and net profit of 281 million yuan under non GAAP. In the first quarter of 2021, manbang GTV reached 51.5 billion yuan, a year-on-year increase of 108%; The revenue was 867 million yuan, a year-on-year increase of 97.7%, and the net profit under non GAAP increased 324.4% to 113 million yuan.
This text is a result of machine translation.
Related companies：
In-depth
Industrials
China's Photovoltaic Revolution: Past, Present and Future
The country is one of the sunniest places on earth, making it an ideal candidate for massive, commercial adoption of solar power. After the early days of exponential growth, fueled in large part by government subsidies, the industry has transitioned from a period of production overcapacity into relative maturity. But as the country phased out subsidies, leaving the sector to compete on its own, how will it develop in the coming years to help China meet its "dual carbon goals"
May 07, 2022 08:32 AM
Apr 28, 2022 08:00 PM
Dec 19, 2020 07:42 AM
Dec 09, 2020 10:23 AM
Research
Real Estate, Consumer Discretionary, IndustrialsTech for Global, Globalization Footprints of the Established and the New
May 29, 2020 08:30 PM
Briefing Yesterday 11:50 AM
· Industrials
National Development and Reform Commission: focus on three areas and actively expand effective investment
Briefing Apr 25, 2022 05:46 PM
St Huifeng: pre profit of 15 million yuan to 22.5 million yuan in the first quarter, reversing losses year-on-year
Briefing Jul 05, 2021 11:47 AM
· Technology
Man Bang: actively cooperate with the review work to further improve the network security system and technical ability
Briefing Jul 05, 2021 11:34 AM
· Technology
Boss direct employment: actively cooperate with network security review to ensure data security
Briefing Jun 25, 2021 07:46 PM
· Industrials
Full Truck Alliance with successful US IPO and market value of CNY 130B
See more
Read next
In-depth
Technology
A Closer Look at China’s Cloud Service Market, Guessing Who Will Succeed? [1/2]
Jun 27, 2022 05:09 PM
In-depth
Healthcare
Exclusive Interview with Xu Qian, Managing Partner of Redhill Capital
Jun 27, 2022 12:24 PM
EqualOcean is an information service provider and investment research company that aims to become a global platform for industrial innovation. Founded in February 2014 and headquartered in Beijing, with a client network covering over 50 countries, the firm provides comprehensive professional services, including industry research, investment analysis, innovation consulting, data products, corporate branding and international strategy.