Lingxing drives into congested Hong Kong ride-hailing IPO lane
领行科技入局港股网约车赛道 薄利模式与平台依赖成隐忧

The state-backed mobility platform has national scale and a rare profit, but its razor-thin margins and heavy reliance on aggregators could scare off some investors
这家具国资背景的智慧出行平台已具全国规模，并实现行业少见盈利，但利润率极为微薄，且高度依赖聚合平台，或令部分投资者却步。