新股消息 | 乐舒适再度递表港交所 在非洲婴儿纸尿裤和卫生巾市场均排名第一

Core Viewpoint - Leshu Shi Limited has submitted a listing application to the Hong Kong Stock Exchange, with CICC, CITIC Securities, and GF Securities (Hong Kong) as joint sponsors. The company previously submitted an application on January 27, 2025 [1]. Group 1: Company Overview - Leshu Shi is a multinational hygiene products company focused on emerging markets in Africa, Latin America, and Central Asia, primarily engaged in the development, manufacturing, and sales of baby diapers, baby pull-ups, sanitary napkins, and wet wipes [4]. - The company offers various hygiene products under different brands, with its core brand Softcare positioned as a mid-to-high-end brand targeting consumers seeking high-quality products. Softcare has become a well-known brand in many African countries and holds a leading market position [4]. Group 2: Market Position and Performance - According to Frost & Sullivan, as of 2024, the company ranks first in Africa's baby diaper and sanitary napkin markets by sales volume, with market shares of 20.3% and 15.6%, respectively. By revenue, it ranks second in these markets with shares of 17.2% and 11.9% [5]. - The company has established a broad sales network across over 30 countries in Africa, Latin America, and Central Asia, which is considered a competitive advantage. As of April 30, 2025, it has set up 18 sales branches in 12 countries, covering over 2,800 wholesalers, distributors, supermarkets, and other retailers [7]. Group 3: Financial Performance - The company's revenue for the fiscal years 2022, 2023, and 2024, as well as for the four months ending April 30 for 2024 and 2025, were approximately $320 million, $411 million, $454 million, $140 million, and $161 million, respectively. The corresponding profits for these periods were $18.39 million, $64.68 million, $95.11 million, $27.66 million, and $31.10 million [8]. - The sales volume of baby diapers and sanitary napkins reached approximately 4.123 billion and 1.634 billion units in 2024, reflecting compound annual growth rates of 17.3% and 30.6% since 2022 [7].