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 ...

Core Viewpoint - IFBH Limited, a Thai coconut water company, has opted for a listing on the Hong Kong Stock Exchange instead of Singapore, aiming to enhance brand visibility in mainland China and Hong Kong, where 97% of its revenue is generated [1][4]. Summary by Sections 1. IPO Information - Company Name: IFBH (06603.HK) [1] - Industry: Food and Beverage [1] - Offering Period: June 20 to June 25 [1] - Total Shares Issued: 41.67 million shares, with 10% for public sale and 90% for international placement [1] - Offering Price: HKD 25.3 to 27.8 [1] - Market Capitalization: HKD 6.747 billion to 7.413 billion [1] - Price-to-Earnings Ratio: 27 times [1] - Minimum Subscription Amount: HKD 5,616 [1] - Listing Date: June 30 [1] - Sponsor: CITIC [1] - Cornerstone Investors: 11 cornerstone investors subscribed for 28% of the offering [1] 2. Company Overview - IFBH was established in 2013 and focuses on coconut water, with two main brands: "if" for natural coconut water and "Innococo" for sports drinks [1]. - The company entered the mainland China market in 2017 and has maintained the top market position in coconut water beverages for five consecutive years, with a market share of approximately 34% in 2024 [4][7]. - In Hong Kong, IFBH has also been the market leader for nine years, holding a market share of about 60% in 2024 [4]. 3. Financial Performance - Revenue for 2023 and 2024 is projected at USD 87.44 million and USD 157.65 million, respectively, indicating a year-on-year growth of 80.3% [5][6]. - Net profit for the same periods is expected to be USD 16.75 million and USD 33.32 million, reflecting a year-on-year increase of 98.8% [5][6]. - Coconut water beverages account for 95.6% of total revenue in 2024, with mainland China contributing 92.4% of the income [7]. 4. Operational Model - IFBH operates on a light-asset model, outsourcing production to Thai factories and relying on distributors for sales, with only two distributors in mainland China [9][10]. - This "three-no" structure (no self-built factories, no inventory pressure, no complex branches) allows for low-cost and rapid expansion [10]. 5. Market Potential - The coconut water beverage market in mainland China is experiencing explosive growth, with a projected market size increase from USD 50 million in 2019 to USD 1 billion in 2024, representing a compound annual growth rate of 82.9% [12]. - IFBH's positioning as a provider of "100% pure natural Thai coconut juice" aligns with consumer demand for clean labels and natural health beverages [12]. 6. Competitive Landscape - The competitive environment is intensifying with local brands and new entrants vying for market share, including established players like Coconut Tree and Wahaha [12]. - IFBH's gross margin is 36.7%, compared to competitors like Nongfu Spring at 58% and Master Kong at 44.8% [13]. 7. IPO Details - IFBH's IPO will raise approximately HKD 1.1 billion, with cornerstone investors committing to HKD 310 million [14]. - The company is expected to be included in the Hong Kong Stock Connect program, enhancing its market accessibility [14].

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]

| 2球發售的發售股份數目 | | : 41,666,800股股份(視乎超額配股權行使 | | --- | --- | --- | | | | 與合而定) | | 香港發售股份數目 | | : 4.166.800股股份(包括148.200股幅量 | | | | 預留股份,可予更新分配) | | 國際發售股份數目 | .. | 37,500,000股股份(可予重新分配及 | | | | 視乎超額配股權行使與否而定) | | 最高發售價 | .. | 每股股份27.80港元,另加1.0%經紀佣金、 | | | | 0.0027%證監會交易徵費、0.00565%。 | | | | 聯交所交易費及0.00015% 會財局交易徵 | | | | 費(須於申請時以港元繳足,多繳款項可 | | | | 予退還) | | #6 #7 01 28 | | 60777 | 椰子水饮料品牌if母公司IFBH(06603.HK)，于今日(6月20日)起至下周三(6月25日)招股，预计2025年6月 30日在港交所挂牌上市，中信证券独家保荐。 | | 椰子水饮料品牌if母公司IFBH(06603.HK)香港上市招股资料 | | --- ...