2 After the failure of listing in Hong Kong , Tuba rabbit terminates the gem IPO, The founder responded

source ： Straight through IPO（ID:zhitongIPO） author ： Wang Fei

6 month 28 Tuba rabbit, who just updated the prospectus on the th , Suddenly withdraw from the gem IPO apply . 

And this also means , Following 2018 After the failure of the Hong Kong Stock Exchange in , Tuba rabbit broke his halberd again in Shenzhen Stock Exchange . 

Wang Guochun, co-founder of Tuba rabbit, responded on his microblog ：“ The company voluntarily withdrew this time IPO, It is mainly based on the comprehensive consideration of the current overall market environment and other factors , Not other factors , At present, the company is doing well , In the future, it will restart at the right time .” 

source ： Micro-blog screenshots  

Disclosure of information , Tuba rabbit Group Co., Ltd. was established in 2008 year 7 month , The legal representative is wangguobin . Tuba rabbit takes the Internet home decoration platform business as the core , Rely on the Internet 、 Big data technology , On line turn 、 Connect home decoration service providers and owners in an intelligent way , Build industrial Internet , Recommend from information 、 Transaction insurance disabled 、 Quality supervision 、 Evaluation feedback and other perspectives , Provide participants in the home decoration industry with full process services that penetrate into all aspects of home decoration . 

By 2021 end of the year , Tuba rabbit business has covered 352 city , The platform has accumulated registration 13.3 10000 home decoration enterprises . 

Tuba rabbit was born this year 6 Updated in 2021 The annual performance report shows ,2019-2021 year , The company realizes the business income separately 6.80 Billion 、6.15 Billion 、6.55 One hundred million yuan , The net profit attributable to the parent is 7982.13 ten thousand 、8662.69 ten thousand 、7032.73 Ten thousand yuan , The deduction of non net profit is 6997.82 ten thousand 、7627.38 ten thousand 、5107.36 Ten thousand yuan . 

source ： Tuba rabbit announcement  

2020 year , Tuba rabbit's revenue fell year-on-year 9.54%, The main reason is attributed to the outbreak of COVID-19 . thereafter , The company adjusts its business strategy in a timely manner , Voluntarily terminated the self owned home decoration business . 

about 2021 The non net profit deducted in the year decreased year on year 33.04%, Tuba rabbit said , Mainly because the company increased the number of customers in the current period 、 Investment in brand advertising , At the same time, due to personnel growth 、 Salary level adjustment , The salary of employees has increased . 

Relevant reports show ,2019-2021 year , Tuba rabbit's traffic and customer fees are as high as 2.06 Billion 、2.15 Billion 、2.40 One hundred million yuan , The proportion in the income is 30.31%、35.00%、36.66%. 

Announcement shows that , The revenue of Tuba rabbit mainly comes from online platform business , For three consecutive years 95% above . among ,2021 In, the revenue of this business was 6.54 Billion , Proportion in total revenue ga the height is 99.88%. 

It is worth mentioning that , As the core platform, information service revenue is growing rapidly due to the advertising business , The proportion decreased year by year ,2021 Years for 5.41 One hundred million yuan , The proportion in the revenue will be 82.59%.2021 The advertising business increased year on year 100.51%, reach 1.13 One hundred million yuan , The proportion of revenue exceeded double digits for the first time , reach 17.29%. 

source ： Tuba rabbit announcement  

It is worth noting that , Tuba 2019 The self operated home decoration business income in was 2098.32 Ten thousand yuan , The proportion of revenue is only 3.08%, This may be the fundamental reason for the company to make business adjustments . 

Announcement shows that ,2019-2021 year , The R & D investment of Tuba rabbit is 6763.16 ten thousand 、6549.40 ten thousand 、7742.81 Ten thousand yuan , The proportion of business income is respectively 9.94%、10.64%、11.82%. As of the end of the reporting period , The company has acquired 103 Patents and 67 Software copyright . 

Since its establishment 14 During the year , Tuba rabbit completed 3 Round of funding , The main investor is Jingwei venture capital 、 Sequoia China 、58 Same city . 

Announcement shows that , Wang Guobin, founder of Tuba rabbit, directly holds shares 49.06%, And indirectly hold the company through home satisfaction consultation 0.0008% Shares of , Is the controlling shareholder of the company . His wife, Xie Shuying, was satisfied with the consultation through the house 、 Jicai Jia consulting 、 Figure satisfaction consulting and tuba rabbit consulting indirectly hold companies 1.57% shares . The two hold shares in total 50.63%, It is the joint actual controller of the company . 

The above three investment institutions hold shares respectively 20.59%、14.90%、10.00%. 

source ： Tuba rabbit announcement  

It is worth noting that , Due to the demolition of overseas red chip structure and related restructuring , To reflect the relevant special rights enjoyed by overseas investors at the level of Tuba rabbit holdings , Relevant parties on 2020 year 9 month 24 Several agreements were signed on the th , The agreement includes the preemptive right 、 Anti dilution protection 、 Drag along rights 、 Repurchase rights 、 The right to information 、 Preferential rights such as preferential dividends . 

source ： Tuba rabbit announcement  

All shareholders of the issuer jointly agree ： If the company's application for listing is withdrawn 、 return 、 revoke 、 Termination of review 、 It is not approved or registered, or the listing of the company has not been successfully achieved , Pre emptive rights only 、 Right of first refusal and right of CO sale 、 Repurchase rights 、 The right to information 、 Priority in liquidation 、 The right to appoint directors 、 The prohibition of horizontal competition totals 7 Shareholders' preferred rights , For founders （ Guobin Wang ） Automatic recovery . The agreement stipulates that , In any case , The company is not required to undertake the obligations under the terms of repurchase rights or other shareholders' priority rights as an obligor . 

In relevant blog posts , Wangguochun thinks , The success of the enterprise , It is based on whether it can continuously create value for users , Not in IPO As a measure ,IPO It is only a link in the process of enterprise development . 

It's just , Rely heavily on traffic to get customers 、 Deduction of non net profit fell by more than 33%, Put on 14 In front of the old Tuba rabbit , It seems to be a long and bumpy road .