宜品集团递表港交所，聚焦羊奶粉与特医食品双赛道

Core Viewpoint - Yipin Nutrition Technology (Qingdao) Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, focusing on goat milk powder and special medical purpose formula foods, targeting consumers with special nutritional needs [1][2] Group 1: Company Overview - Yipin Group's product offerings include infant goat milk powder, special medical purpose formula foods, infant cow milk powder, and specialized milk powder for children and adults [1] - The company ranks second in the overall goat milk powder market in China with a market share of 14.0% and also holds the second position in the infant goat milk powder segment with a market share of 17.6% [1] - In the specialized medical food sector, Yipin Group ranks fifth overall and second among domestic brands, with a market share of 4.5% [1] Group 2: Financial Performance - Yipin Group's revenue for the years 2022 to 2024 is projected to be 1.4 billion yuan, 1.61 billion yuan, and 1.76 billion yuan respectively, with net profits of 227 million yuan, 168 million yuan, and 172 million yuan during the same period [1] Group 3: Growth Drivers and Future Plans - The revenue of Yipin Group's special medical food business has a compound annual growth rate of 203.3%, serving as a key driver for the company's overall performance [2] - The company plans to deepen its specialization in goat milk powder, develop a "low-allergen feeding" scientific understanding, and leverage its technological advantages in low-allergen nutrition and process innovation to promote special medical purpose formula foods [2] - Yipin Group aims to expand its presence in the adult nutrition sector, responding to the growing demand for health management and functional consumption, and seeks to create a more diversified and sustainable growth engine in the global dairy industry [2]