Another day, another former highflyer that once harbored big hopes for the vast China market is now finding those dreams in tatters.
线上同城物流平台快狗打车控股有限公司（2246.HK）曾经是市场明日之星，2022年在香港上市时市值一度冲上140亿港元；四年过去，市值跌至不足1亿港元，股价相对上市定价跌99%，投资者损失不菲。
This time, the former dreamer is Gogox Holdings Ltd. (2246.HK), a Hong Kong mainstay that was once a rising star as it aimed to bring its local delivery services to the adjacent Mainland Chinese market. After listing in Hong Kong four years ago, its market cap briefly surged as high to HK$14 billion ($1.8 billion) on that China dream. But fast forward to the present, where that dream – and the company’s stock price – have both crashed, bringing down its market value to less than HK$100 million.
回看公司过去几年业绩，上市四年亏足四年，2022年至2025年分别亏损12.05亿元、11亿元、1.93亿元及1.61亿元，股价的挫幅又显得颇有道理。
Now, the company has announced it will sell its China business for a song, handing it over to a local Hong Kong businessman for a token price of just 1 yuan, or about $0.15.
即使今年中期业绩，股东亏损仍达7,086万元，收入下跌10.9%至2.93亿元，现金及等价物同比跌了47%，仅余6,794万元，经营活动的现金录得净流出1,717.7万元，公司的经营及财务状况并不乐观，中国内地业务更是拖公司后腿的主因。