Group 1: New Listings and Market Performance - New Qian Group officially listed on the Hong Kong Stock Exchange on June 10, with a closing price increase of 21.43% after an initial jump of 60% [1] - The company priced its shares at HKD 18.9, issuing 10.5854 million shares, and primarily produces high-intensity sweeteners like sucralose, serving major clients such as Coca-Cola and Nestlé [1] - The strong debut reflects positive market expectations for the food additive industry, particularly for sugar substitutes, enhancing the company's brand influence and market share [1] Group 2: Upcoming Listings - Cao Cao Travel, a ride-hailing platform incubated by Geely Group, passed the hearing for listing on the Hong Kong main board on June 9 [2] - The company reported revenues of RMB 7.631 billion, RMB 10.668 billion, and RMB 14.657 billion for 2022 to 2024, with losses of RMB 2.007 billion, RMB 1.981 billion, and RMB 1.246 billion respectively [2] - The anticipated listing aims to provide additional funding to support technological innovation and service upgrades in a competitive market [2] Group 3: Financial Performance of Existing Companies - Saint Bella, the largest postpartum care and recovery group in Asia, also passed the hearing for listing on June 9 [3] - The company projected revenues of RMB 472 million, RMB 560 million, and RMB 799 million from 2022 to 2024, with net profits of approximately RMB -45 million, RMB 21 million, and RMB 42 million [3] - The steady revenue growth and improving net profit indicate the viability of its business model and market potential, with the listing expected to enhance service range and brand influence [3] Group 4: Financial Challenges - Yau Lee Group announced an expected net loss of HKD 100 million to HKD 130 million for the fiscal year ending March 31, 2025, marking a shift from profit to loss [4] - The loss is attributed to negative adjustments in contract prices for public housing projects, reducing contract value and adversely affecting the gross margin of the construction business [4] - The downturn in the Hong Kong property market has led to unrealized revaluation losses on commercial investment properties, highlighting risks in the construction and real estate sectors [4]
新琪安上市首日涨超21%；曹操出行通过港交所聆讯丨港交所早参