Core Viewpoint - Marco Polo Holdings Co., Ltd. has listed on the Shenzhen Stock Exchange, raising 1.643 billion yuan through the issuance of 119.492 million shares at a price of 13.75 yuan per share, which is significantly lower than the initially planned fundraising of 4.02 billion yuan [1] Group 1: Financial Performance - The company's revenue for the first half of the year was 3.2 billion yuan, a year-on-year decrease of 12% [2] - Marco Polo's revenue for 2022, 2023, and 2024 is projected to be 8.66 billion yuan, 8.925 billion yuan, and 7.32 billion yuan respectively, with net profits of 1.514 billion yuan, 1.353 billion yuan, and 1.33 billion yuan [4] - For 2024, the company expects an 18% decline in revenue and a 7.2% decrease in net profit after excluding non-recurring gains and losses [5] - In the first half of 2025, revenue was 3.218 billion yuan, down 11.82% from 3.649 billion yuan in the same period last year, with net profit decreasing by 7.9% [7][8] Group 2: Market Position and Competition - Marco Polo focuses on the research, production, and sales of architectural ceramics, facing intensified competition in the market, leading to declines in both sales prices and volumes [4][8] - The company has five production bases located in Dongguan, Qingyuan, Fengcheng, Chongqing, and Tennessee, USA [4] Group 3: Shareholding Structure - The controlling shareholder, Meiying Industrial, holds 64.36% of the shares before the IPO, with Huang Jianping being the actual controller of the company [10][14] - Huang Jianping directly holds 0.81% of the shares, while other related parties hold minor stakes [16]
“瓷砖一哥”马可波罗上市：募资16亿，市值376亿，上半年营收32亿同比降12%