IFBH港股IPO：国内椰子水饮料市场份额第一，仅46名全职员工

Group 1 - IFBH Limited has submitted an IPO application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor [1] - IFBH is a Thai food and beverage company specializing in coconut water and plant-based snacks, with over 80% year-on-year growth in revenue and net profit projected for 2024 [2][3] - The company is heavily reliant on the Chinese market, which contributes over 90% of its revenue [2][5] Group 2 - IFBH is the second-largest company in the global coconut water market by retail value, holding a market share of 34% in mainland China and 60% in Hong Kong in 2024 [3] - In 2023, IFBH reported revenue of $87.44 million and a net profit of $16.75 million, with projections for 2024 showing revenue increasing to $157.65 million and net profit rising to $33.32 million [4] - The company operates on a light asset model, relying on third-party manufacturers, logistics providers, and distributors, with only 46 full-time employees as of 2024 [4] Group 3 - The top five customers of IFBH accounted for 97.9% and 97.6% of sales in 2023 and 2024, respectively, indicating a high dependency on a few key clients [5] - The revenue contribution from mainland China was 91.4% in 2023 and is expected to be 92.4% in 2024, while contributions from Hong Kong and other markets remain below 10% [6] - The funds raised from the IPO will be used to enhance warehousing and distribution capabilities, expand into Australia, the Americas, and Southeast Asia, strengthen brand presence in mainland China, and for general corporate purposes [9]