Group 1 - Several A-share giants, including CATL, Hengrui Medicine, and Sanhua Intelligent Control, have successfully listed in Hong Kong this year [2] - Anjiu Food, a leading company from A-shares, has initiated its IPO in the Hong Kong market, with the subscription period from June 25 to June 30, and expected listing on July 4 [3] - Anjiu Food plans to globally offer 39.9947 million shares, with 10% allocated for public offering in Hong Kong and 90% for international offering, aiming to raise approximately HKD 2.64 billion [3] Group 2 - The maximum offer price for Anjiu Food is HKD 66.00 per share, which represents a discount of about 21.7% compared to its A-share price of RMB 77.00 (approximately HKD 84.3) [4] - Anjiu Food is the largest frozen food company in China, with a market share of 6.6% as of 2024, leading in various segments such as frozen prepared foods and frozen dishes [4] - The company's revenue projections for 2022 to 2024 are RMB 12.106 billion, RMB 13.965 billion, and RMB 15.030 billion, respectively, with net profits of RMB 1.118 billion, RMB 1.501 billion, and RMB 1.514 billion [5] Group 3 - In Q1 2024, Anjiu Food's revenue decreased by 3.8% year-on-year to RMB 3.581 billion, attributed to a weak consumption environment and timing differences in the Lunar New Year [5] - The company plans to use the funds raised from the IPO for expanding sales and distribution networks, enhancing procurement capabilities, digitalizing operations, and product development [5] - There was notable opposition from minority shareholders regarding Anjiu Food's listing in Hong Kong, and the stock faced a drop on its first trading day [6]