每经记者｜黄婉银 每经编辑｜马子卿 6月25日，"厨房小家电制造商"香江电器（HK02619，股价2.52港元，市值6.88亿港元）正式在港交所挂牌上市。 当日开盘后，香江电器股价高开低走，截至当日收盘，跌幅达11.89%，股价报2.52港元。香江电器每股发售价2.86港元，共发售约6822万股，每手1000股， 净筹约1.56亿港元。 上市仪式结束后，潘允在接受每经记者独家采访时表示，为进一步扩大海外市场，香江电器在东南亚的工厂目前分布在印尼和泰国，主要面向北美市场销 售。 募资主要用于泰国建厂 面向北美市场 公开发售阶段，香江电器获852.38倍认购，经重新分配后，公开发售的股份最终数目为3411万股，占发售股份总数的约50%。国际配售阶段，香江电器获 1.08倍认购，经重新分配后，国际发售股份最终数目为3411万股，相当于发售股份总数的50%。 香江电器成立于2012年，总部位于湖北黄冈蕲春县李时珍工业园，旗下产品涵盖厨房小家电及非电器类产品，主要以ODM（原始设计制造商）、OEM（原 始设备制造商）模式运营，客户包括沃尔玛、飞利浦等知名企业。 潘允在致辞中表示，香江电器已经从一家区域型企业逐步成长为集 ...

中国经济网北京6月25日讯湖北香江电器股份有限公司(以下简称"香江电器"，02619.HK)今日在港交所 上市，开盘即破发，报2.65港元。截至今日收盘，香江电器报2.52港元，跌幅11.89%。 香江电器是生活家居用品制造商，专注电器类家居用品及非电器类家居用品的研发、设计、生产与销 售。 最终发售价及配发结果公告显示，香江电器发售股份数目为68,220,000股股份，其中，最终香港公开发 售股份数目(重新分配后)为34,110,000股股份，最终国际发售股份数目(重新分配后)为34,110,000股股 份。香江电器于上市时已发行股份数目为272,879,509股股份。 | 價格資料 | | | --- | --- | | 最終發售價 | 2.860 港 元 | | 發售價範圍 | 2.860 港 元-3.350 港元 | | 發售股份及股本 | | | 發售股份數目 | 68,220,000 | | 最終香港公開發售股份數目(垂新分配後) | 34,110,000 | | 最終國際發售股份數目(垂新分配 後) | 34,110,000 | | 於上市時已發行股份數目 | 272,879,509 | | 超 ...

香江电器是生活家居用品制造商，其大部分收益来自厨房小家电的销售。公司以ODM/OEM模式营运，客户包括沃尔玛、 Telebrands、Sensio、飞利浦等。据弗若斯特沙利文报告，以2024年出口额计算，公司为中国厨房小家电行业的第十大企业，拥有 0.8%的市场份额。 公司专注电器类家居用品及非电器类家居用品的研发、设计、生产与销售。其中，香江电器的电器类家居用品包括电烤炉、空气 炸锅、电热水壶、搅拌机、打蛋器、电动开罐器、电子秤、加湿器、激光灯等，同时公司还提供花园水管、锅具等非电器类家居 用品。 具体来看，2022财年、2023财年、2024财年（简称"报告期"），香江电器来自电器类家居用品的营收占比在80%左右，占比较 大，非电器类家居用品的营收占比相对较低。 | | 2022財政年度 | | 2023財政年度 | | 2024財政年度 | | | --- | --- | --- | --- | --- | --- | --- | | | 人民幣千元 | 96 | 人民幣千元 | % | 人民幣千元 | % | | 電器類家居用品 | | | | | | | | 一雷熱類家電 | 459.013 | 4 ...

来源|贝多财经 湖北又增加一家上市公司。 6月25日，湖北香江电器股份有限公司（下称"香江电器"，HK:02619）在港交所上市。本次上市，香江 电器的发行价为2.86港元/股，全球发售约6822万H股，募资总额约为1.95亿港元，募资净额约1.56亿港 元。 上市首日，香江电器的开盘价为2.65港元/股，市值约7.2亿港元。而按发行价计算，香江电器的市值约 为7.8亿港元。本次上市，香江电器引入了3名基石投资者，合共认购该公司人民币8000万元的股份。 天眼查App信息显示，香江电器成立于2012年7月，位于湖北省黄冈市。目前，该公司的注册资本约为 2.05亿元，法定代表人为潘允，主要股东包括潘允、蕲春华钰科技管理中心（有限合伙）等。 据招股书介绍，香江电器是一家生活家居用品制造商。目前，香江电器主要以ODM/OEM模式运营，客 户群包括沃尔玛、Telebrands、SEB Asia Ltd （「SEB」）、Sensio、Hamilton Beach及飞利浦等。 具体而言，香江电器专注电器类家居用品及非电器类家居用品的研发、设计、生产与销售，尤其是厨房 小家电。根据弗若斯特沙利文报告，以2024年出口额计算 ...

Group 1: Stock Market Movements - HSBC Holdings (00005) rose nearly 3% after the English and Welsh High Court confirmed the cancellation of the company's share premium account of $14.8 billion and capital redemption reserve of $1.755 billion [1] - Hong Kong property stocks saw gains, with New World Development (00017) up 7.74%, Hang Lung Properties (00101) up 5.04%, Hysan Development (00012) up 4.18%, and Cheung Kong Property (01113) up 2.16% [1] - Education stocks continued their strong performance, with New Oriental - S (09901) up 7.25%, Excellence Education Group (03978) up 5.37%, Tianli International Holdings (01773) up 2.93%, and Xijiao International Holdings (01765) up 1.65% [2] - Gaming stocks maintained their upward trend, with Melco International Development (00200) up 4.75%, Sands China (01928) up 3.69%, Wynn Macau (01128) up 2.12%, and SJM Holdings (00880) up 1.68% [3] - Semiconductor stocks continued to rise, with Hua Hong Semiconductor (01347) up 4.85%, SMIC (00981) up 2.52%, and Jingmen Semiconductor (02878) up 2.25% [3] Group 2: Company Announcements and Developments - Giant Bio (02367) fell over 5% after acknowledging limitations in its existing quality standards and testing methods [1] - China Electric Power Technology (00085) dropped nearly 13% due to a decline in profit expectations attributed to weak demand in the smart card market [1] - CATL (03750) rose over 3% following the establishment of "Shanghai Zhaofu Intelligent Technology Co., Ltd." with a registered capital of 1.288 billion RMB, focusing on L4 autonomous driving technology [2] - JD Logistics (02618) surged over 9% as it began recruiting full-time delivery riders for its food delivery service [2] - NIO (NIO.US) announced the launch of its BaaS battery rental scheme ahead of schedule, contributing to a rise of over 2% in its stock [5] Group 3: Market Reactions and Future Outlook - Three Flowers Intelligent Control (02050) rose over 5% after announcing expected revenue of approximately 15.044 billion to 17.779 billion RMB for the first half of 2025, representing a year-on-year growth of 10% to 30% [3] - Guotai Junan International (01788) soared over 100% after receiving approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services [3] - Dragon Power Technology (02465) rose over 5% due to ongoing positive developments in the solid-state battery industry [3]

据港交所披露，上周（6月16日至6月22日）共有20家公司递表，6家公司通过聆讯，12家公司招股，1家 新股上市。 20家公司递表 1）新奥天然气股份有限公司（简称"新奥股份"） 6月16日，新奥股份向港交所递表，中金公司担任其独家保荐人。 据招股书介绍，新奥股份前身为威远生化，1994年1月3日在A股上市，2004年5月新奥集团通过收购接 管公司控制权。公司是中国最大的民营天然气企业，覆盖天然气的全产业链。按2024年的零售气量计， 新奥股份为最大的民营企业，且按该零售气量计，2024年，公司位列第三，市场份额约为6.1%。按 2024年的零售气量计，新奥股份为最大的民营企业，且按该零售气量计，2024年，公司位列第三，市场 份额约为6.1%。 财务方面，2022年至2024年，新奥股份实现收入分别约为人民币1500.20亿元、1411.15亿元、1349.46亿 元；同期，年度溢利分别为人民币110.73亿元、125.30亿元、99.44亿元。 2）深圳市沃尔核材股份有限公司（简称"沃尔核材"） 6月16日，沃尔核材向港交所递表，中信建投国际、招商证券国际担任其联席保荐人。 据招股书介绍，沃尔核材是高速数 ...

Summary of Key Points Core Viewpoint The article provides an overview of the recent activities in the Hong Kong stock market, highlighting the number of companies that have submitted applications for listing, those that have passed the hearing, and details about their financial performance and market positions. Group 1: New Applications - A total of 19 companies submitted applications to the Hong Kong Stock Exchange from June 16 to June 22 [3] - New Hope Group (600803.SH) is the largest private natural gas company in China, with a market share of approximately 6.1% in 2024 [3] - Wolong Technology (002130.SZ) is the second-largest high-speed copper cable manufacturer globally, holding a 24.9% market share [4] - Beijing Geekplus Technology Co., Ltd. is the largest provider of AMR solutions globally, maintaining its leading position for six consecutive years [5] - Banu International Holdings is the largest hot pot brand in China by revenue, with a market share of 3.1% [6] - Hope Sea Inc. is the largest comprehensive electronic product import supply chain solution provider in China, with an import GMV of approximately RMB 34.8 billion in 2024 [7] - Guangzhou Shiyuan Electronic Technology Co., Ltd. ranks first in the Chinese market for interactive smart panels with a 25.0% market share [8] - Anmai Biotechnology Co., Ltd. ranks second globally in T-cell connector therapy, with total transaction values exceeding USD 2.1 billion [9] - Beijing Haizhi Technology Group focuses on industrial-grade AI solutions, ranking fifth in the Chinese market [10] - Suzhou Jiyi Technology Co., Ltd. ranks second in digital retail operations in China [11] - Drip Irrigation International Investment Co., Ltd. is the first global exchange group based on revenue-sharing models [12] - Zhaowei Electromechanical (003021.SZ) provides integrated micro-drive systems, with revenues projected to grow [13] - Meige Intelligent (002881.SZ) ranks fourth globally in wireless communication modules, holding a 6.4% market share [14] - Yuxin Technology (300674.SZ) is a leading fintech solution provider in China, with significant market shares in various sectors [15] - Shanghai Zhuoyue Ruixin Digital Technology Co., Ltd. ranks second in the digital education market for higher education in China [16] - Zhaoyi Innovation (603986.SH) is the second-largest NOR Flash provider globally, with an 18.5% market share [17] - Changchun Changguang Chenxin Microelectronics Co., Ltd. specializes in high-performance CMOS image sensors [18] - Weichai Lovol Smart Agriculture Technology Co., Ltd. is a leading provider of smart agricultural solutions in China [19] - PPIO is an independent distributed cloud computing service provider [20] - Xiangkang Holdings is a major technical apparel manufacturer for high-end brands [22] Group 2: Companies Passing Hearings - Four companies passed the listing hearing this week, including Fuwai Group, which is a pan-Asian life insurance company with projected insurance revenue growth [24] - Fengcai Technology focuses on chip design for BLDC motor control, ranking sixth in the Chinese market [25] - Xunzhong Communication Technology Co., Ltd. is the third-largest cloud communication service provider in China [26] - Cloudbreak Pharma Inc. is a clinical-stage ophthalmic biotech company with two core products [27] Group 3: Recent IPOs - Haitan Flavor Industry (03288.HK) raised approximately HKD 10.1 billion in its IPO, with a slight decline in stock price post-listing [28] - Sanhua Intelligent (02050.HK) had a strong subscription rate for its IPO [29] - Baize Medical (02609.HK) and other companies also reported significant subscription rates for their IPOs [30][31][32][33]

Group 1: IPO Information - Five companies are currently seeking IPOs on the Hong Kong Stock Exchange, with a rush to complete before June 30 to avoid additional reporting requirements [1] - Xiangjiang Electric (02619.HK) is offering 6,822 shares, with a price range of HKD 2.86 to 3.35, aiming for a market capitalization of HKD 780 million to 914 million [1] - The company has a price-to-earnings ratio of 6 times and plans to list on June 25, with cornerstone investors subscribing to 40.46% of the offering [1] Group 2: Company Overview - Xiangjiang Electric, established in 2012, operates primarily in the ODM/OEM model, producing kitchen appliances and non-electrical products [2] - The company ranks as the tenth largest in China's kitchen small appliance industry, holding a market share of 0.8% [2] - Notably, it has significant market shares in specific product categories, such as 24.6% in electric kettles in the U.S. and 59.6% in Canada [2] Group 3: Financial Performance - Revenue projections for Xiangjiang Electric show growth from RMB 1.1 billion in 2022 to RMB 1.5 billion in 2024, with net profits increasing from RMB 0.82 billion to RMB 1.40 billion [3][4] - The majority of revenue comes from electrical home appliances, which accounted for 79.2% of total revenue in 2024 [4] Group 4: Revenue Sources and Risks - 97.3% of the company's revenue is derived from the ODM/OEM model, with major clients including Walmart and Philips [5] - The company faces challenges with pricing power, as evidenced by a 3.2% drop in average prices for electric products amid rising material costs [5] - Xiangjiang Electric is expanding its production capacity overseas to mitigate tariff risks, with factories planned in Indonesia and Thailand [6][7] Group 5: Market Context and Valuation - The global small appliance market is projected to reach USD 183.5 billion in 2024, with kitchen appliances being the largest segment [8] - Xiangjiang Electric's IPO valuation is estimated at HKD 780 million to 914 million, which is lower than the average PE ratio of 8 times for Hong Kong manufacturing firms [8] - The company’s reliance on the ODM model poses sustainability challenges, necessitating a shift towards developing proprietary brands or acquiring smaller brands [8] Group 6: Subscription and Market Sentiment - The IPO is expected to be oversubscribed, with a potential subscription ratio of 34 times, indicating strong market interest [9] - However, the overall sentiment towards the stock is cautious, with some analysts suggesting a lack of compelling investment highlights [9]