Company Overview - Baima Tea Industry (06980) has successfully listed, pricing each share at HKD 50 and issuing 9 million shares, resulting in a net proceeds of approximately HKD 390 million [1] - As of the latest report, the stock has surged by 60.2%, trading at HKD 80.1 with a transaction volume of HKD 106 million [1] Market Position - Baima Tea is recognized as a leading tea supplier in China, covering all six major categories of tea as well as tea-related products [1] - The company ranks first in high-end tea sales revenue in China for 2024 and also leads in the number of tea chain specialty stores [1] - Baima Tea holds the top position in sales revenue for Tieguanyin tea for over 10 years, Wuyi Rock tea for 5 years, and black tea for 4 years [1] Industry Growth - The high-end tea market in China is experiencing rapid growth, with the market size increasing from approximately RMB 89 billion in 2020 to about RMB 103.1 billion in 2024, reflecting a compound annual growth rate (CAGR) of approximately 3.7% [2] - The market is projected to reach around RMB 135.3 billion by 2029, with a CAGR of about 5.6% from 2024 to 2029 [2] - Baima Tea has established a strong market position due to its advantages in brand value, tea-making skills, product development, operational scale, channel management, regional expansion, supply chain management, digital sales platforms, and talent [2]

每经AI快讯，10月28日，港股八马茶业上市首日开盘涨60.2%，报80.1港元。 ...

Company Overview - Baima Tea Industry (06980) has successfully listed, pricing each share at HKD 50 and issuing 9 million shares, resulting in a net proceeds of approximately HKD 390 million [1] - As of the report, the stock has surged by 60.2%, trading at HKD 80.1 with a transaction volume of HKD 106 million [1] Market Position - Baima Tea Industry is recognized as a leading tea supplier in China, covering all six major categories of tea as well as tea-related products [1] - The company ranks first in the high-end tea sales revenue in China for 2024 and also leads in the number of tea chain specialty stores [1] - In terms of sales revenue for specific tea types, Baima Tea has maintained the top position in Iron Goddess of Mercy tea for over 10 years, Wuyi Rock tea for 5 years, and black tea for 4 years as of 2024 [1] Industry Growth - The high-end tea market in China is experiencing rapid growth, with the market size increasing from approximately RMB 89 billion in 2020 to about RMB 103.1 billion in 2024, reflecting a compound annual growth rate (CAGR) of approximately 3.7% [2] - Projections indicate that the market will reach around RMB 135.3 billion by 2029, with a CAGR of about 5.6% from 2024 to 2029 [2] - The company has established a strong market position as the "national sales leader in high-end Chinese tea" due to its advantages in brand value, tea-making skills, product development, operational scale, channel management, regional expansion, supply chain management, digital sales platforms, and talent [2]

Group 1 - The company has announced the results of its share allocation, with a total of 9 million H-shares being globally offered [1] - The offering price per share is set at HKD 50, resulting in a net fundraising of approximately HKD 390 million [1] - The H-shares will commence trading on the Hong Kong Stock Exchange on October 28, 2025, at 9:00 AM Hong Kong time [1] Group 2 - The Hong Kong public offering received a subscription rate of 2,680.04 times, indicating strong demand [1] - The international offering was subscribed 13.58 times, reflecting significant interest from global investors [1]

Core Viewpoint - Baima Tea Industry has shown strong market interest ahead of its Hong Kong IPO, with significant oversubscription and a notable increase in share price during the dark market trading phase [1][4]. Group 1: IPO Details - Baima Tea Industry's IPO has been oversubscribed nearly 2000 times, setting a record in the Hong Kong tea industry [3][4]. - The company plans to issue 9 million H-shares at an offering price of 50 HKD per share, aiming to raise approximately 450 million HKD [4]. - The company has received backing from several prominent investors, including IDG Capital and Tian Tu Capital, among others [4][6]. Group 2: Market Position - Baima Tea Industry ranks first in China's high-end tea market with a market share of 1.7% and leads in both the Oolong and black tea segments [10]. - The company operates 3,504 offline specialty stores, making it the largest tea enterprise in China [10]. Group 3: Financial Performance - The company is projected to experience revenue growth of 16.8% and 1.0% for 2023 and 2024, respectively, with net profit growth of 24.0% and 9.0% [10]. - However, Baima Tea Industry is expected to face a decline in revenue and net profit in the first half of 2025, with estimates of -4.2% and -18.0%, respectively, due to weak external demand [10].

假设全球发售于香港时间2025年10月28日(星期二)上午八时正或之前成为无条件，预期H股将于2025年 10月28日(星期二)上午九时正开始在联交所买卖。H股将以每手买卖单位100股H股进行买卖，而H股的 股份代号将为6980。 格隆汇10月27日丨八马茶业(06980.HK)公告，公司全球发售9,000,000股H股，每股H股50.00港元，所得 款项净额3.89亿港元。香港公开发售股份数目占全球发售股份数目10%，获认购2680.04倍；国际发售股 份数目占全球发售股份90%，获认购倍13.58倍。 ...

智通财经APP讯，八马茶业(06980)公布配发结果，公司全球发售900万股H股，香港公开发售占10%， 国际发售占90%。每股发售价50港元，全球发售净筹约3.9亿港元。每手100股H股，预期H股将于2025 年10月28日(星期二)上午9时正(香港时间)开始在联交所买卖 其中，香港公开发售获2680.04倍认购，国际发售获13.58倍认购。 ...

Group 1 - The company, Eight Horses Tea (06980), announced the results of its share allocation, with a global offering of 9 million H-shares [1] - The offering price per share is set at HKD 50, resulting in a net fundraising of approximately HKD 390 million [1] - The Hong Kong public offering accounted for 10% of the total shares, while the international offering made up 90% [1] Group 2 - The Hong Kong public offering was oversubscribed by 2,680.04 times, indicating strong demand [1] - The international offering was oversubscribed by 13.58 times, reflecting significant interest from global investors [1] - The H-shares are expected to commence trading on the Hong Kong Stock Exchange on October 28, 2025, at 9:00 AM Hong Kong time [1]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示概不就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 除本公告另有界定者外，本公告所用詞彙與八馬茶業股份有限公司（「本公司」）所刊發日期為 2025年10月20日的招股章程（「招股章程」）所界定者具有相同涵義。 本公告僅供參考，並不構成勸誘任何人士收購、購買或認購任何本公司證券的要約或邀請。本 公告並非招股章程。有意投資者於決定是否投資於發售股份前，務請細閱招股章程中有關下文 所述本公司及全球發售的詳情。任何有關發售股份的投資決定應僅依據招股章程所列資料作 出。 Bama Tea Co., Ltd. 八馬茶業股份有限公司 （於中華人民共和國註冊成立的股份有限公司） 本公告不會直接或間接於或向美國（包括其領土及屬地、美國任何州以及哥倫比亞特區）發佈、 刊發及派發。本公告並非且不旨在構成或組成在美國或任何其他司法管轄區要約出售任何證券 或招攬購買或認購任何證券的一部分。發售股份不曾亦不會根據1933年美國證券 ...

Core Viewpoint - The article discusses the recent performance of four companies entering the Hong Kong stock market, highlighting the contrasting outcomes of their dark pool trading, particularly noting the unexpected decline of SANY Heavy Industry while others saw significant gains. Group 1: Company Performance - SANY Heavy Industry experienced a decline of 2.44% in the dark pool trading, marking it as the worst performer among the four companies [2][3][12] - In contrast, Dipo Technology, Bama Tea, and Cambridge Technology saw substantial increases in their stock prices, with gains of 94.67%, 78.80%, and 36.90% respectively [4][5][9] - Dipo Technology achieved an oversubscription rate of 7590 times, making it the "super subscription king" in the history of the Hong Kong main board [6][9] Group 2: Company Profiles - Dipo Technology focuses on providing enterprise-level AI application solutions, with a projected market size of RMB 239.4 billion by 2029, growing at a CAGR of 44.0% from 2024 to 2029 [9][10] - Cambridge Technology specializes in the design and sale of connectivity and data transmission devices, ranking fifth globally in the optical and wireless connectivity device market with a 4.1% market share [10][11] - Bama Tea is recognized as the largest high-end tea supplier in China, leading in sales and store count within the high-end tea market [13][14] Group 3: Market Context - The article indicates a strong market preference for AI-related companies, as evidenced by the performance of Dipo Technology and Cambridge Technology [9][10] - SANY Heavy Industry's unexpected decline is notable given its established position as a leading engineering machinery company with a market cap nearing RMB 200 billion [15]