Daily topics EH car rental industry to the market next week will be the next gold mine

A5 (www.admin5.com) station network November 4th news today, a car to the U.S. Securities and Exchange Commission (SEC) submitted a F-1/A supplement plan to $12-14 per share issuance of 10 million shares of ADS (American Depositary Shares), financing $130 million. According to the calculation of the issue price range of intermediate value, EHI all diluted the value of $745 million.

in October 3rd, had been declared "listed no timetable" EHI, formally submitted IPO application to the U.S. Securities and Exchange Commission, plans to go listed on the NYSE, financing $200 million. Just half a month earlier, a car’s main competitor in the domestic auto rental listing in Hongkong, HK $3 billion 450 million of financing, become the domestic car first shares.

a car was founded in January 2006, mainly to provide comprehensive services for personal and business users, headquartered in Shanghai, as of June 30, 2014, the creation of more than and 700 direct service outlets in the country’s more than and 90 City, now has 100 kinds of models, the size of the team a total of more than 15000 taiwan.

with the development of business, a car company operating income growth, losses are narrowing. From a car to the prospectus, the past 10 consecutive quarters of revenue has maintained a steady growth year on year. The second quarter of 2014, a car rental hi net loss of 2 million 850 thousand, compared with the previous quarter minus 84%, minus 94% compared to the same period last year, the highest in nearly 3 years since the minimum loss record.

December 2013, EHI from Ctrip, including investment in a new round of financing, including Ctrip investment amounting to $94 million 50 thousand, the shareholding ratio of 20%. In April this year, Ctrip again invested $13 million 20 thousand to hire a car at the same time, Ctrip stake to expand to 23%.

IResearch

Research Institute statistics show that in 2013 China’s online car rental market transactions reached 3 billion 420 million yuan, an increase of 69.5%. Expected in the next four years, online revenue growth of more than 20%. China online car rental market will usher in the outbreak of growth. Analysts generally believe that the rental market is still in a China primary stage, the future with the further development of the tourism market, and further opened the driver’s license number and hold the amount of private cars, car rental industry will become the next gold mine, and far undecided.

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