天风证券发研报指，车后服务市场空间广阔，途虎下沉市场增长势头迅猛，营收规模有望随着门店数量的提升持续扩大，门店触达提高，服务强化复购，采购议价形成前端价格优势，产品结构持续改善，自有产品逐年占比提升，有望带来毛利率每年1~2pct提升，规模、产品、服务形成综合品牌竞争优势。Tuhu-W (09690) rose more than 6% at the end of trading, up 5.56% to HK$21.85, with a turnover of 25.3611 million Hong Kong dollars.
According to the Wise Finance app, Tuhu-W (09690) rose more than 6% at the end of trading, up 5.56% to HK$21.85, with a turnover of 25.3611 million Hong Kong dollars.
On the news front, on November 5th, the 7th China International Import Expo opened in Shanghai. Tuhu Car Care joined hands with four world-renowned global automotive service brands: Saudi Aramco-owned Valvoline, TotalEnergies, Champion under Dreyer & Reinbold, and Dunlop under Sumitomo Rubber, all made appearances together. It is understood that as the only automotive aftermarket service platform at this import expo, Tuhu Car Care will set up five different brand days, focusing on 'new products, new trends, new services,' deeply showcasing its strategic cooperation achievements with major international automotive service brands, and launching a series of eye-catching product and service upgrades to accelerate the development of new quality production in the automotive aftermarket.
Tianfeng Securities issued a research report pointing out that the car aftersales service market has vast space, Tuhu's rapid growth in sinking markets, revenue scale is expected to continue to expand with the increase in the number of stores, store reach improvement, service enhancement for repurchases, procurement negotiation forming a front-end price advantage, continuous improvement in product structure, annual increase in the proportion of proprietary products, expected to bring an annual increase in gross margin of 1-2 percentage points, scale, products, services forming comprehensive brand competitive advantages.
