HAI TIAN(SH:603288) Zhong Guo Jing Ji Wang·2025-08-05 09:28Core Viewpoint - Haitian Flavor Industry's H-shares have fallen to a new closing low since its listing, indicating a challenging market reception and investor sentiment [1]. Group 1: Stock Performance - Haitian Flavor Industry's stock closed at HKD 33.36, down 1.71%, marking a new low since its listing [1]. - The stock has dropped 8.1% from its final offering price of HKD 36.30 [3]. Group 2: IPO Details - The total number of H-shares offered globally was 279,031,700, with 55,279,900 shares allocated for the Hong Kong offering and 223,751,800 shares for international offering [1]. - The total proceeds from the IPO amounted to HKD 10,128.9 million, with a net amount of HKD 10,009.6 million after deducting estimated listing expenses [2]. Group 3: Use of Proceeds - Approximately 20% of the net proceeds will be allocated for product development and advanced technology research and process upgrades [3]. - About 30% will be used for capacity expansion, adoption of new technologies, and digital upgrades of the supply chain [3]. - Another 20% is designated for enhancing global brand image, expanding sales channels, and improving overseas supply chain capabilities [3]. - 20% will be used to strengthen the sales network and enhance its penetration capabilities [3]. - The remaining 10% will be allocated for working capital and general corporate purposes [3]. Group 4: Key Investors - Key cornerstone investors include Hillhouse HHLR Advisors, GIC Private Limited, RBC Global Asset Management, and Sequoia China [3].