Core Viewpoint - Suzhou Wangshan Wangshui Biopharmaceutical Co., Ltd. (Wangshan Wangshui) has successfully listed on the Hong Kong Stock Exchange, opening at HKD 95.00 and closing at HKD 82.00, reflecting a significant increase of 145.73% from its final offering price of HKD 33.370 [1][2][3]. Group 1: Company Overview - Wangshan Wangshui focuses on the discovery, acquisition, development, and commercialization of small molecule drugs in strategic therapeutic areas, specifically neuropsychiatric and reproductive health [1]. - The company issued a total of 17,597,800 shares, with 1,759,800 shares allocated for public offering in Hong Kong and 15,838,000 shares for international offering [2][3]. Group 2: Financial Highlights - The total proceeds from the offering amounted to HKD 587.24 million, with net proceeds of HKD 527.36 million after deducting estimated listing expenses of HKD 59.88 million [2][3]. - Wangshan Wangshui recorded revenues of RMB 199.7 million in 2023, with projected revenues of RMB 11.8 million for 2024 and RMB 3.2 million for the first four months of 2024 [6][7]. - The company reported a net profit of RMB 6.4 million in 2023, but anticipated net losses of RMB 217.6 million in 2024 and RMB 73.8 million in the first four months of 2024 [6][7]. Group 3: Use of Proceeds - The net proceeds from the global offering will be utilized for the research and development of core products, development of other candidate products, construction of a factory in Qingdao, enhancement of sales and marketing capabilities, working capital, and other general corporate purposes [3].
旺山旺水港股募5.87亿港元首日涨146% 1年1期连亏损