沪上阿姨(02589)拟全球发售241.134万股H股，引入盈峰控股、华置为基石投资者

Group 1 - The company, known as "沪上阿姨," plans to conduct an IPO from April 28 to May 2, 2025, offering 2.41134 million H-shares, with 10% allocated for Hong Kong and 90% for international sales, and an over-allotment option of up to 15% [1] - As of December 31, 2023, the company operates the fourth largest network of fresh tea beverage stores in China, with a significant presence in lower-tier markets, and has been recognized as the fastest-growing brand among the top five fresh tea beverage brands by store count and GMV growth rate [2] - The company has expanded its product offerings since its inception in 2013, including the introduction of "五谷奶茶" and fresh fruit tea, leading to nationwide expansion with 9,176 stores across major cities and provinces by December 31, 2024 [2] Group 2 - The company's revenue primarily comes from franchise and self-operated stores, including sales of goods and franchise service fees, which are linked to the purchasing amounts of franchisees [3] - The company experienced significant growth, with the total number of stores increasing from 5,307 in 2022 to 7,789 in 2023 (a 46.8% increase) and further to 9,176 in 2024 (a 17.8% increase), while GMV rose from 6.068 billion yuan in 2022 to 9.7318 billion yuan in 2023 (a 60.4% increase) [4] - The company's total revenue increased from 2.199 billion yuan in 2022 to 3.3482 billion yuan in 2023 (a 52.3% increase), with a stable revenue of 3.2846 billion yuan in 2024, and gross profit rose from 586.3 million yuan in 2022 to 1.0174 billion yuan in 2023 (a 73.5% increase) [4] Group 3 - The company estimates that if the share price is set at 103.37 HKD, the net proceeds from the global offering will be approximately 172.7 million HKD, with allocations for digital capabilities, R&D, supply chain enhancements, brand expansion, marketing activities, and working capital [5] - The company has entered cornerstone investment agreements with 盈峰控股 and 华置, with cornerstone investors expected to subscribe to 685,200 H-shares, representing approximately 28.42% of the offering [5]