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GOGOX
02246.HK
Gogox Holdings Limited, an investment holding company, provides logistic and delivery solutions in Mainland China, Hong Kong, Korea, Singapore, and internationally. It operates online intra-city logistics platform under the Kuaigou Dache and GoGoX brand names. The company’s platform connects transacting user and logistic and delivery service provider in the Mainland China, Hong Kong, Singapore, Korea, and other Asian countries. It is also involved in the provision of information technology, insurance brokerage and consultancy, technical, cargo compensation facilitation, and development and consultation services; motor vehicle repair and maintenance; fuel card arrangement; computer programming activities; rental; and property holding activities.
560.63 B
02246.HKMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
D
Air Freight and LogisticsIndustry
Industry Ranking23/26
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreE
    • ROE-76.18%E
    • Profit Margin-33.67%E
    • Gross Margin28.41%C
  • Growth ScoreD
    • Revenue YoY-5.68%D
    • Net Profit YoY58.49%B
    • Total Assets YoY-32.89%E
    • Net Assets YoY-52.18%E
  • Cash ScoreD
    • Cash Flow Margin-297.02%D
    • OCF YoY-5.68%D
  • Operating ScoreA
    • Turnover1.08A
  • Debt ScoreD
    • Gearing Ratio61.79%D

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Institutional View & Shareholder

Analyst Ratings

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    News
    View More

    In "China News," the China Road Transport Association named GOGOX, stating that it has not implemented real-name verification for cargo owners as promised

    The China Road Transport Association issued a notice stating that GOGOX has not implemented real-name certification for cargo owners as promised. According to the "Self-Discipline Convention," four platform companies committed to no longer provide services to cargo owners who have not registered with real names starting from November 1. Currently, Manbang Group, Huo La La, and Didi Delivery have complied with the requirements, but only GOGOX has not completed the real-name certification. The association recommends that GOGOX promptly implement the "Self-Discipline Convention" to protect the legal rights and interests of truck drivers

    etnet·
    HK
    02246
    +2.04%
    etnet·
    HK
    02246
    +2.04%

    Companies Like Gogox Holdings (HKG:2246) Could Be Quite Risky

    Gogox Holdings (HKG:2246) faces significant risks due to its high cash burn rate, which reached CN¥208m against a market cap of CN¥188m, indicating potential funding distress. With a cash runway of only 9 months as of June 2025 and a 134% increase in cash burn despite a 5.8% decline in revenue, investors should be cautious. The company's ability to raise additional funds through share issuance or debt is questionable, raising concerns about its financial stability and growth prospects.

    Simplywall·
    HK
    02246
    +2.04%
    Simplywall·
    HK
    02246
    +2.04%

    GOGOX Holdings Reports 17.3% Decline in Gross Profit and 37.0% Widening of Net Loss for H1 2025; Adjusted Net Loss Rises 120%

    GOGOX Holdings Ltd. reported a 17.3% decline in gross profit to RMB93.3 million and a 37.0% increase in net loss to RMB113.6 million for H1 2025. The adjusted net loss rose 120% to RMB74.5 million, while adjusted EBITDA was negative RMB63.8 million. The company continues to enhance its digital platform for intra-city logistics in Asia but did not provide any outlook or guidance in its interim results.

    Reuters·
    HK
    02246
    +2.04%
    Reuters·
    HK
    02246
    +2.04%

    Ministry of Transport: In response to issues such as platform fees, four major online freight platform companies have implemented corresponding preferential measures

    Li Yang, the Deputy Minister of Transport, stated at a press conference that in response to the issues raised by truck drivers regarding outstanding payments and platform fees, four major online freight platforms (Full Truck Alliance, Lalamove, DiDi Delivery, GOGOX) have implemented corresponding preferential measures and publicly announced initiatives to reduce platform fees. In addition, the Ministry of Transport has organized a self-discipline convention, committing to safeguard the legitimate rights and interests of truck drivers

    Zhitong·
    NA
    LALA
    0.00%
    US
    DIDIY
    -2.36%
    US
    YMM
    +1.55%
    Zhitong·
    NA
    LALA
    0.00%
    US
    DIDIY
    -2.36%
    US
    YMM
    +1.55%

    Ministry of Human Resources and Social Security: The pilot scope of occupational injury protection for new employment form personnel has been expanded to 17 provinces

    Li Zhong, Deputy Minister of Human Resources and Social Security, stated at a press conference that the pilot program for occupational injury protection for new employment forms has been expanded to 17 provinces. Since 2022, the pilot covers industries such as food delivery and ride-hailing, with 20 million new employees insured. This protection is innovatively designed without the premise of a labor relationship, focusing on orders and adopting methods such as daily insurance and per-order billing to ensure rights protection

    Zhitong·
    US
    MPNGY
    +1.62%
    HK
    03690
    +0.97%
    US
    DIDIY
    -2.36%
    Zhitong·
    US
    MPNGY
    +1.62%
    HK
    03690
    +0.97%
    US
    DIDIY
    -2.36%
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