Core Viewpoint - Baima Tea Industry (6980.HK) successfully listed on the Hong Kong Stock Exchange on October 28, with a significant first-day increase of 86.7% in share price [1] Group 1: Company Overview - Baima Tea Industry ranked first in the high-end tea market in China according to Frost & Sullivan's report, and also leads in the oolong tea and black tea segments [1] - The management team is predominantly composed of family members of the controlling shareholders, with significant positions held by the Wang brothers and their relatives [1] Group 2: Financial Performance - The company's revenue for 2022, 2023, and 2024 is projected to be approximately 1.818 billion, 2.122 billion, and 2.143 billion yuan respectively, with corresponding net profits of 166 million, 206 million, and 224 million yuan [2] - In the first half of 2025, Baima Tea's revenue was 1.063 billion yuan, a decrease of approximately 57 million yuan compared to the same period last year, with net profit also declining by 26 million yuan to 120 million yuan [2] Group 3: Franchise System - As of June 30, 2023, Baima Tea had 3,585 offline stores, of which 3,341 were franchise stores, indicating that a significant portion of revenue is generated from franchisees [2] - The franchise system showed signs of contraction, with a decrease in the number of franchisees from 1,252 in 2024 to 1,228 in the first half of 2025 [2]
八马茶业港交所正式上市 首日大涨86%