Group 1 - The core viewpoint of the article is that LeShuShi has successfully listed on the Hong Kong Stock Exchange, experiencing a significant price increase on its debut [1][2] - The stock opened at HKD 34.98, reached a high of HKD 36.80, and was trading at HKD 34.46 with a 31.53% increase by 10:13 AM [1][2] - The total trading volume was 25.6264 million shares, with a total transaction value of HKD 907 million [2] Group 2 - LeShuShi is a multinational hygiene products company focusing on markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, pull-ups, sanitary napkins, and wet wipes [3] - The company generates most of its revenue from sales to African customers [3] - According to Frost & Sullivan, LeShuShi ranks first in the African baby diaper and sanitary napkin markets by sales volume for 2024, with market shares of 20.3% and 15.6% respectively [3] - In terms of revenue for 2024, the company ranks second in the African baby diaper and sanitary napkin markets, with market shares of 17.2% and 11.9% respectively [3]

Group 1 - Softcare Limited is set to be listed on the Hong Kong Stock Exchange on November 10, 2025, under the stock code HK:02698 [1] - The company focuses on emerging markets in Africa, Latin America, and Central Asia, specializing in the development, manufacturing, and sales of hygiene products such as baby diapers, pull-ups, sanitary napkins, and wet wipes [1] - A significant portion of Softcare's revenue is generated from sales to African customers, establishing it as a leading player in the hygiene products industry across multiple African countries [1]

Core Viewpoint - LeShuShi Limited (02698.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 34.98 and closing at HKD 33, marking a 25.95% increase from its final offering price of HKD 26.20 [1][3]. Group 1: IPO Details - The total number of shares offered by LeShuShi was 90,884,000, with 9,088,400 shares available for public offering in Hong Kong and 81,795,600 shares for international offering [2]. - The total amount raised from the IPO was HKD 2,381.16 million, with net proceeds amounting to HKD 2,228.72 million after deducting estimated listing expenses of HKD 152.44 million [3][4]. Group 2: Use of Proceeds - The funds raised will be used to expand overall production capacity and upgrade production lines, as well as for marketing and promotional activities in Africa, Latin America, and Central Asia from 2026 to 2029 [4]. - Additional allocations include strategic acquisitions in the hygiene products sector, upgrading the company's CRM system, and hiring management consulting firms for market analysis and strategy execution in new markets such as Peru, Mexico, El Salvador, and Kazakhstan [4]. Group 3: Financial Performance - LeShuShi reported revenues of USD 320 million, USD 411 million, USD 454 million, and USD 161 million for the years 2022, 2023, 2024, and the first four months of 2025, respectively [9]. - The corresponding profits for the same periods were USD 18.39 million, USD 64.68 million, USD 95.11 million, and USD 31.10 million [9][10].

Core Insights - Baby brand Le Shushi Limited (2698.HK) debuted on the Hong Kong Stock Exchange, opening at HKD 34.98, a 33.5% increase from the offer price, and closing at HKD 34.46, up 31.5% [1] Group 1: IPO Details - Le Shushi issued a total of 90.884 million shares, with the offer price range set between HKD 24.2 and HKD 26.2, ultimately pricing at the high end [1] - The public offering was oversubscribed by approximately 1,813 times, while the international placement was oversubscribed by 33.3 times, raising a net amount of HKD 2.229 billion [1] Group 2: Use of Proceeds - Approximately 71.4% of the raised funds will be allocated for capacity expansion and production line upgrades [2] - 11.6% of the funds will be used for marketing and promotion [2] - 4.7% will be directed towards strategic acquisitions [2] Group 3: Product Focus - Le Shushi primarily sells its self-manufactured baby diapers, baby pull-ups, and female hygiene products in regions such as Africa, Latin America, and Central Asia [1]

Core Viewpoint - LeShuShi successfully listed on the Hong Kong Stock Exchange, focusing on emerging markets in Africa, Latin America, and Central Asia, primarily in the hygiene products sector [2][3] Company Overview - LeShuShi is a multinational hygiene products company engaged in the development, manufacturing, and sales of baby diapers, pull-ups, sanitary napkins, and wet wipes [2][3] - The company ranks first in market share for baby diapers and sanitary napkins in Africa, with shares of 20.3% and 15.6% respectively, based on 2024 sales volume [4] Financial Performance - Revenue increased significantly from $320 million in 2022 to $411 million in 2023, marking a growth of 28.6%, and projected to reach $454 million in 2024, a further increase of 10.5% [8] - Net profit surged from $18.4 million in 2022 to $64.7 million in 2023, a growth of 251.7%, and is expected to rise to $95.1 million in 2024, an increase of 47.0% [8] - Gross profit for the periods was $73.5 million, $144 million, $160 million, and $54.2 million, with corresponding gross margins of 23.0%, 34.9%, 35.2%, and 33.6% [8] Market Position and Strategy - LeShuShi employs a multi-brand strategy, with its core brand Softcare positioned as a mid-to-high-end brand targeting consumers seeking quality products [4] - The company has established a broad sales network across over 30 countries in Africa, Latin America, and Central Asia, with 18 sales branches and over 2,800 wholesalers and retailers [5] - The company has a strong manufacturing presence in Africa, with eight factories and 51 production lines, aiming for an annual production capacity of 6.301 billion baby diapers and 2.854 billion sanitary napkins by 2025 [6] Market Growth Potential - The emerging markets targeted by LeShuShi exhibit significant population growth and consumption upgrades, with Africa's newborn population projected to grow at a CAGR of 1.8% from 2020 to 2024 [9] - The market penetration rates for baby diapers and sanitary napkins in Africa are approximately 20% and 30% respectively, indicating substantial growth potential compared to developed markets [9] Use of IPO Proceeds - Approximately 71.4% of the IPO proceeds will be used to expand overall production capacity and upgrade production lines, while 11.6% will be allocated for marketing activities in targeted regions [10]

Group 1 - The Hong Kong stock market opened slightly higher, with the Hang Seng Index at 26,319.40 points, up 77.57 points, a gain of 0.30% [1] - The Hang Seng Tech Index rose to 5,858.41 points, increasing by 21.05 points, a gain of 0.36% [2] - New stock "Leisure Comfort" (02698.HK), known as the "King of African Diapers," opened over 33% higher and reached a maximum increase of 36% during early trading [3] Group 2 - Leisure Comfort reported a trading volume of 16.83 million shares, with a highest price of 35.78 and a lowest price of 34.10, resulting in a total transaction value of 594 million HKD [4] - The company specializes in developing, manufacturing, and selling hygiene products, including baby diapers and sanitary napkins, primarily in emerging markets such as Africa, Latin America, and Central Asia [4] - According to Frost & Sullivan, Leisure Comfort ranks first in market share for baby diapers (20.3%) and sanitary napkins (15.6%) in Africa based on 2024 sales volume [4] Group 3 - New consumption stocks are experiencing a rebound, with "Hushang Auntie" rising over 13% and "Pop Mart" increasing over 4% [5] - Technology stocks are mostly performing well, with Tencent rising over 2% and other companies like Alibaba and Xiaomi increasing over 1% [7] - Lithium battery stocks opened higher, with Tianqi Lithium and Ganfeng Lithium both rising over 5% [7]

（文章来源：每日经济新闻） 每经AI快讯，乐舒适(02698.HK)首挂上市，截至发稿，涨33.51%，报34.98港元，成交额4.83亿港元。 ...

Core Viewpoint - LeShuShi (02698) has successfully listed its shares at a price of HKD 26.20, raising approximately HKD 22.29 billion in net proceeds, with shares currently trading at HKD 34.98, reflecting a 33.51% increase [1] Company Overview - LeShuShi is a multinational hygiene products company focused on rapidly developing emerging markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, pull-ups, sanitary napkins, and wet wipes [1] - The company operates under several brands, including Softcare, Veesper, Maya, Cuettie, and Clincleer, with product sales covering over 30 countries in West, East, and Central Africa [1] Market Position - According to Frost & Sullivan, LeShuShi ranks first in the African market for baby diapers and sanitary napkins by sales volume in 2024, holding market shares of 20.3% and 15.6% respectively [1] - In terms of revenue for 2024, the company ranks second in the African baby diaper and sanitary napkin markets, with market shares of 17.2% and 11.9% respectively [1]

Core Viewpoint - LeShuShi (2698.HK) debuted on the Hong Kong Stock Exchange with a significant opening increase of 33.51%, trading at HKD 34.98, following an IPO pricing of HKD 26.20 [1] Company Overview - LeShuShi is a multinational hygiene products company focused on rapidly developing emerging markets in Africa and Latin America, primarily engaged in the development, manufacturing, and sales of baby diapers, pull-ups, sanitary napkins, and wet wipes [1] - The majority of the company's revenue during the track record period was generated from sales to African customers [1] Market Position - According to Frost & Sullivan, LeShuShi ranks first in the African market for baby diapers and sanitary napkins, with market shares of 20.3% and 15.6%, respectively, based on 2024 sales volume [1] Financial Performance - The company's projected revenues for 2022, 2023, and 2024 are USD 320 million, USD 411.4 million, and USD 454.4 million, respectively [1] - Net profits for the same period are expected to be USD 18.4 million, USD 64.7 million, and USD 95.1 million, respectively [1]

中国10月CPI由降转涨，高于预期，"反内卷"行业价格积极改善。港股三大指数高开，恒指涨0.3%，国 指涨0.26%，恒生科技指数涨0.36%。大型科技股走势分化，阿里巴巴涨近2%，腾讯涨约1%，京东、百 度小幅走低；生物医药板块涨幅居前，其中，君实生物高开超3%，锂电池股、汽车股活跃，天齐锂 业、赣锋锂业齐涨。另外，黄金股、苹果概念股、内险股多数下跌。新股乐舒适高开33.51%。(格隆汇) ...