6html On March 29html, the Hong Kong Stock Exchange released documents showing that Deutsche Bank Tianxia Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange, with CITIC Construction International as the exclusive sponsor. 
In the next few years, the heavy commercial vehicle market will continue to be driven by positive factors such as the elimination of old National III models, the phased implementation of National VI emission standards , and the construction of new infrastructure, which will in turn promote the expansion of the service market after the industrial chain.
The commercial vehicle industry chain service market 2021html has a market size of 9,53500 million in three years. The prospectus predicts that the scale of the commercial vehicle service market will continue to expand at a growth rate of 46.9% in the next few years, mainly due to the high prosperity of the commercial vehicle market itself, among which the Internet of Vehicles industry has the fastest growth rate.
Although the R&D and manufacturing of core products in the automotive industry chain still receive much attention, as large durable consumer goods, the importance of additional automotive products and services is self-evident. At the same time, as the number of automobiles continues to grow, automotive aftermarket services Already walked to the front desk.
For Deutsche Bank Tianxia, it already has a certain first-mover advantage in customer acquisition, and it is expected to develop better than the overall growth of the industry in the future.
Performance has grown steadily, and the gross profit margin of the Internet of Vehicles business is as high as 41.7%
Operating income: In 2019-2021html, Deutsche Bank Tianxia recorded revenue of 28.900 million yuan, 32.600 million yuan, 31.3 million yuan, and
gross respectively. Profit: In the three years from 2019 to 2021html, Deutsche Bank Tianxia recorded gross profits of .4700 million, 6.500 million, and 7.300 million respectively.
2021html In 3 years, the supply chain finance sector contributed more than half of the profits, and the logistics sector’s gross profit margin was low. It is worth noting that the gross profit margin of the Internet of Vehicles and related technology application solutions business was as high as 75%.
Looking specifically at the sub-business categories, the logistics and supply chain services segment contributes a relatively large share of revenue and is still the company's main source of income, but its gross profit margin is low.
This business contributed 73.5%, 69.1%, 64.1% to revenue in 2019-2021 respectively. In the past three years, the revenue share has dropped close to 10%. Correspondingly, high gross profit The proportion of business in Internet of Vehicles is also gradually increasing.
