Group 1: Core Insights - Eight Horses Tea has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, with a maximum issuance of 29,133,400 shares and a total of 43,987,000 shares from existing shareholders to be converted for trading [1][3] - The company ranks first in the Chinese tea market by the number of specialty tea stores and in the high-end tea market by sales revenue, showcasing its strong market position [1][2] Group 2: Financial Performance - During the reporting period from 2022 to the first three quarters of 2024, Eight Horses Tea achieved revenues of 1.818 billion, 2.122 billion, and 1.647 billion yuan, with net profits of 166 million, 206 million, and 208 million yuan, respectively [2] - The company maintains a stable gross margin of 52%-55% and a net asset return rate around 24%, significantly above industry averages [2] Group 3: IPO Details - The IPO will involve a total of 73,120,400 shares available for trading, representing 25.1% of the total share capital post-IPO [3] - The company must complete the issuance and listing by July 17, 2026, or it will need to reapply [3] Group 4: Historical Context - Eight Horses Tea has attempted to go public multiple times, including plans for the SME board in 2013, New Third Board in 2015, and A-share applications in 2021 and 2023, before shifting focus to the Hong Kong market [4][5]
中国高端茶市场领导者八马茶业获备案通知书,冲刺港股IPO
Sou Hu Cai Jing·2025-07-24 10:29