CHJ(SZ:002345) Chang Jiang Shang Bao·2025-09-15 23:51Core Viewpoint - Chao Hong Ji has officially begun its IPO journey in Hong Kong after three months of planning, aiming to enhance its global strategy and brand image [1][2][4] Group 1: IPO Details - Chao Hong Ji submitted its application for listing on the Hong Kong Stock Exchange on September 12, 2025 [6] - The company aims to connect with international capital markets and enhance its competitiveness through this IPO [6][4] - The application materials were published on the Hong Kong Stock Exchange website, indicating compliance with regulatory requirements [6] Group 2: Business Performance - In the first half of 2025, Chao Hong Ji achieved approximately 4.1 billion yuan in revenue, marking a nearly 20% year-on-year increase [12] - The net profit attributable to shareholders reached 331 million yuan, a historical high for the same period, with a year-on-year growth of about 44% [12][11] - Sales expenses decreased by 10 million yuan despite the revenue growth, indicating improved operational efficiency [12] Group 3: Global Expansion - Chao Hong Ji has been expanding its presence in Asia, with 4 stores in other Asian regions as of June 2025, including 1 self-operated and 3 franchised stores [9] - Revenue from other Asian regions amounted to 12.8 million yuan in the first half of 2025, accounting for 0.31% of total revenue [10] - The company has seen a gradual increase in overseas revenue, with figures of 4.85 million yuan in the first half of 2024 and 19.38 million yuan for the entire year [10] Group 4: Historical Financial Performance - Chao Hong Ji's revenue from 2020 to 2024 showed a consistent upward trend, with figures of 3.215 billion yuan, 4.636 billion yuan, 4.417 billion yuan, 5.9 billion yuan, and 6.518 billion yuan respectively [12] - The net profit for the same period fluctuated, with notable adjustments in 2022 and 2024, reflecting market challenges [12]