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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
Zhi Tong Cai Jing·2025-10-12 12:38

Core Viewpoint - Baima Tea Industry has successfully passed the listing hearing on the Hong Kong Stock Exchange, with Huatai International, Agricultural Bank of China International, and Tianfeng International as joint sponsors [1] Industry Overview - Baima Tea Industry is a well-known tea supplier in China, offering a comprehensive range of products that cover six major categories of tea, as well as tea utensils and non-tea food products [3] - The high-end tea market in China is experiencing rapid growth, with the market size projected 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%. It is expected to reach around RMB 135.3 billion by 2029, with a CAGR of about 5.6% from 2024 to 2029 [3] Company Performance - Baima Tea Industry has established a leading market position as the "highest-selling high-end Chinese tea" brand, leveraging advantages in brand value, tea-making skills, product development, operational scale, channel management, regional expansion, supply chain management, digital sales platforms, and talent [3] - The company primarily sells products to franchisees, e-commerce platforms, and directly to retail consumers through online and offline stores. As of the latest feasible date, the number of members has exceeded 26 million [3] Financial Performance - Revenue 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 to approximately RMB 2.143 billion for the year ending December 31, 2024 [3][4] - 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, and is expected to reach approximately RMB 224 million for the year ending December 31, 2024 [4][6] - The company’s gross profit for the year ending December 31, 2023, is projected to be approximately RMB 1.110 billion, with a gross profit margin reflecting the growth in sales [6]