猛兽财经获悉，来自浙江杭州的微巴士，近期已向美国证券交易委员会（SEC）提交招股书，申请在纳斯达克IPO上市，股票代码WETO，微巴士此次纳斯达克IPO计划募资2000万美元。

公司业务

总部位于中国杭州的微巴士成立于2019年，旨在打造全球一站式定制包车行业全流程服务平台，通过数字化技术赋能定制包车出行场景运营，业务计价、需求管理、调度派单、服务监管、财务结算、车队和司机导游管理等多个环节；通过平台化数字化高效运营能力和标准化服务品质流程和强大供应商整合能力，推进产业中人力，资产和资金的周转效率提升，加快产业升级。

管理层由创始人兼董事长郑加华领导，他自公司成立以来一直在公司工作，此前曾任湖州新翰睿置业有限公司董事长。

用户可以通过微巴士平台进行目的地商旅包车，大客户通勤班车，周边短途出游，城际专线预订以及全球中文包车服务预定，针对不同出现场景，服务车型覆盖5-55座，我们提供多样化的产品和服务，吸引国内和全球日益增长的出行群体。微巴士始终以助力全球集约出行行业产业升级为己任，致力于打造“数据+平台+算法+运营”的全球中文包车及定制旅行平台，为客户营造安全、高效、智能和丰富出游服务场景。

截至2022年12月31日，微巴士已从投资者那里获得780万美元的投资。

行业概况

根据GlobalData的市场研究报告，中国国内旅游市场在2021年估计为21亿美元，预计到2025年将达到28亿美元。

这表示这一行业的市场规模2022年至2025年的预测复合年增长率为3.0%。

这一预期增长的主要驱动力是中国道路基础设施的改善，"尤其是在广大农村地区"。

此外，由于对"疫情"限制已基本取消，旅行需求可能会大幅回升。

中美两国的集体出行行业高度分散，因此微巴士面临着来自大量市场参与者的激烈竞争。


财务情况

根据招股书，微巴士的财务业绩情况如下：

（1）不断增长的总收入

（2）毛利增速放缓，毛利率下降

（3）经营损失增加

（4）经营现金流在减少

合并财务和经营数据：

总收入

截止2021财年、2022财年(财政年度结算日期为每年6月30日)和截至2022财年12月31日，微巴士的总收入分别为：1500301美元、18840360美元、13588280美元，

毛利率

截止2021财年、2022财年(财政年度结算日期为每年6月30日)和截至2022财年12月31日，微巴士的毛利率分别为：13.53%、6.81%、4.91%。

毛利润（亏损）

截止2021财年、2022财年(财政年度结算日期为每年6月30日)和截至2022财年12月31日，微巴士的毛利润分别为：1108644美元（毛利润率：-73.9%）、1059443美元（毛利润率：-5.6%）、697521美元（毛利润率：-5.1%）。

综合收益（亏损）

截止2021财年、2022财年(财政年度结算日期为每年6月30日)和截至2022财年12月31日，微巴士的综合收益分别为：1101925美元（净利润率：-8.1%）、954330美元（净利润率：-7.0%）、444052美元（净利润率：-3.3%）。

经营现金流

截止2021财年、2022财年(财政年度结算日期为每年6月30日)和截至2022财年12月31日，微巴士的经营现金流分别为：934393美元、526587美元、68151美元。

合并资产负债表情况

现金流明细

截至2022年12月31日，微巴士拥有140万美元现金和210万美元总负债。

截至2022年12月31日的12个月内，微巴士的自由现金流为85432美元。

公司架构

根据招股书，微巴士的公司架构如下（包括微巴士的附属公司、可变利益实体及其附属公司）：

公司历史：

根据招股书，微巴士的公司历史如下：

我们于2022年2月10日在开曼群岛注册成立。微巴士国际有限公司(“微巴士国际”)是我们的全资子公司，于2022年2月16日在英属维尔京群岛注册成立。微巴士香港有限公司(“微巴士香港”)是微巴国际的全资子公司，于2022年2月22日在香港注册成立。Zhejiang Xinjieni Technology Co是微巴士香港的全资子公司，于2022年8月31日根据中国法律成立。我们的可变利益实体浙江优巴科技有限公司(以下简称优巴科技)于2019年8月16日根据中华人民共和国法律在浙江省杭州市成立。微巴士旅行社有限公司是优巴科技的全资子公司，于2020年8月27日在浙江省杭州市根据中华人民共和国法律成立。微巴士于2022年3月通过Wetour Travel Tech LLC(“Wetour”)将业务扩展到美国，Wetour是一家根据特拉华州法律在特拉华州成立的有限责任公司。

2022年9月7日，公司完成重组，根据重组，Zhejiang Xinjieni Technology Co 获得了优巴科技50%的股权，并与优巴科技以及个人注册股东就50%的VIE权益达成了一系列合同安排。此类协议在“公司历史和结构-与VIE和个人注册股东的合同安排”中有所描述。微巴士是一家控股公司，除持有优巴国际股份外，不从事任何业务经营;优巴国际是一家直通实体，不从事任何业务经营。外商独资企业从事优巴科技和微巴士旅行社的运营管理业务。

截至本招股书日期，我们通过VIE及其子公司开展业务运营，其中包括优巴科技及其在中国的子公司微巴士，以及我们在美国的全资子公司Wetour。

控制的子公司

管理层

根据招股书，微巴士的高管和董事的相关信息如下：

(1)审计委员会成员

(2)薪酬委员会成员

(3)提名委员会成员

*个人已接受任命并同意在注册声明的生效日期担任该职位。

**作为关键员工而非Webus的执行官或董事披露

郑家华，本公司董事会主席

Mr. Zheng Jiahua has been the chairman of the Board since Webus inception. He is the founder of the VIE and its subsidiary. Prior to founding the VIE, between 2011 and 2018, Mr. Zheng was the chairman of the board of Huzhou Xinhanrui Real Estate Co., Ltd., a company engages in real estate investment, where he was in charge of the company’s development strategies. Mr. Zheng has over 30 years of business experience with extensive resources both locally and regionally. He is particularly well versed in business strategies, corporate and government relations and crisis management. Mr. Zheng received his high school diploma from Yuhuang Huanghu High School in 1991. Mr. Zheng Jiahua is the father of our CEO Mr. Zheng Nan.

郑楠，首席执行官兼董事提名人

Mr. Zheng Nan has been the CEO of Webus since February 2023.He accepted the appointment as the director of Webus effective upon the effective date of the registration statement. Mr. Zheng has been the CEO of the VIE since January 2021 and is responsible for the VIE’s operation, product offerings and management. From June 2019 to March 2020, Mr. Zheng was the Chief Operating Officer of Uway Inc., a college student career service platform he founded in June 2019 when he was about to start college. Uway Inc. built the “Linker” platform to provide flexible employment information for students on campus. Mr. Zheng completed his middle school in China and received his high school diploma in the United States. He is a senior student at Babson College in Wellesley, Massachusetts. His education in the United States, entrepreneur endeavor and extensive global traveling experience enable him an in-depth understanding of packaged tour service and customized chartered bus service. Mr. Zheng Nan is the son of our Chairman Mr. Zheng Jiahua.

王世杰，首席财务官

Mr. Wang Shijie has been the CFO of Webus since February 2023. Mr. Wang has been the Chief Financial Officer of the VIE since September 2022. Mr. Wang has 8 years of accounting management and financial reporting experience. From April 2018 to August 2021, Mr. Wang was the Financial Manager and Operation Platform Manager of Hangzhou Liyixiang Digital Technology Co. Ltd., a digital technology company, where he was in charge of the company’s accounting management, financial reporting and general management of the platform’s operation. From January 2014 to April 2018, he was the Division Chief of General Management Division under the Financial Department at Zhongyuan University of Technology where he was responsible for the university’s accounting management and financial reporting. Mr. Wang received his Master’s degree in business administration from Zhongyuan University of Technology and Bachelor’s degree in auditing from Zhengzhou University. He holds a Certificate of Intermediate Accountant.

吴春云，优巴科技总经理

Mr. Wu Chunyun has been appointed as the General Manager of the VIE in August 2019 and is responsible for the company’s day-to-day operation and technology innovation. From July 2017 to August 2019, Mr. Wu served as CEO of Zhejiang Yinuo Technologies Co., Ltd., a one-stop chartered bus service provider. He oversaw the company’s product design and strategic development. Mr. Wu started his career at Alcatel-Lucent (formerly known as Lucent Technologies) and has extensive experience in digitalization and developing SaaS++ platforms. Mr. Wu received his bachelor’s degree in Radio Engineering and Wireless Communication from the Beijing University of Posts and Telecommunications in July 1996.

陈钇舟 联合首席运营官

Mr. Chen Yizhou has been the Co-COO of Webus since Febuary 2023. Mr. Chen has been the co-COO of the VIE since November 2020. From March 2016 to March 2020, Mr. Chen was the project manager and regional business manager of Zhejiang Hengsheng Changyun Technology Co., Ltd., an online transportation platform, where he was responsible for the company’s passenger transportation business. From July 2009 to March 2016, Mr. Chen was the Division Chief of Marketing Department of gotobus.com’s China Region. Gotobus.com is an online inter-city bus ticket booking platform serving the United States, Mexico, Canada and Europe. Mr. Chen received his bachelor’s degree in accounting from Dongguk University in the Republic of Korea. Mr. Chen has over 15 years of experience in bus transportation industry and has great resources in CMS and tourism industry.

何文新，联合首席运营官

Mr. He Wenxin has been the Co-COO of webus since February 2023. Mr. He has been the co-COO of the VIE since June 2021. From September 2017 to August 2020, he was the general manager and sales manager of Hangzhou office of Shenzhen Kuaibangxing Technology Co., Ltd. The company is headquartered in Seattle, Washington with offices in Beijing and Hangzhou, offering SaaS ++ platform to small and medium sized travel agencies. Mr. He received his bachelor’s degree in international trade from Zhejiang Sci-Tech University Science and Art College.

中介机构

Network 1 Securities是微巴士此次纳斯达克IPO上市的唯一的承销商，该公司在过去12个月内主导的IPO自IPO以来产生了负的平均回报率（47.8%）。这是所有主要承销商在这一时期的最低水平。

锦天城律师事务所是微巴士此次纳斯达克IPO上市的中国法律顾问。