Core Viewpoint - Eight Horses Tea Industry is preparing for a listing on the Hong Kong Stock Exchange, with a strong market position in China's high-end tea sector and significant growth in revenue and profit projected over the coming years [1][3][4]. Industry Overview - The high-end tea market in China is experiencing rapid growth, with the market size expected to increase from approximately RMB 89 billion in 2020 to about RMB 103.1 billion by 2024, representing a compound annual growth rate (CAGR) of approximately 3.7%. By 2029, the market is projected to reach around RMB 135.3 billion, with a CAGR of about 5.6% from 2024 to 2029 [3]. Company Overview - Eight Horses Tea Industry is recognized as a leading supplier of tea in China, offering a comprehensive range of products that include six major categories of tea, tea utensils, and tea snacks [3]. - The company has established a strong market position as the "number one in national sales of high-end Chinese tea" due to its advantages in brand value, tea-making skills, product development, operational scale, channel management, regional expansion, supply chain management, digital sales platforms, and talent [3]. Financial Performance - Revenue for Eight Horses Tea increased from approximately RMB 1.818 billion for the year ending December 31, 2022, to about RMB 2.122 billion for the year ending December 31, 2023, and is projected to grow slightly to RMB 2.143 billion for the year ending December 31, 2024 [3][4]. - The company's profit and total comprehensive income rose from approximately RMB 166 million for the year ending December 31, 2022, to about RMB 206 million for the year ending December 31, 2023, with a further increase to RMB 224 million expected for the year ending December 31, 2024 [4][6]. - The operating profit is projected to grow from RMB 238 million in 2022 to RMB 295 million in 2023, and further to RMB 318 million in 2024 [6].
新股消息 | 八马茶业通过港交所聆讯 公司系高端中国茶全国销量第一
智通财经网·2025-10-12 12:37