Core Viewpoint - LeShuShi (2698.HK) debuted on the Hong Kong Stock Exchange with a significant opening increase of 33.51%, trading at HKD 34.98, following an IPO pricing of HKD 26.20 [1] Company Overview - LeShuShi is a multinational hygiene products company focused on rapidly developing emerging markets in Africa and Latin America, primarily engaged in the development, manufacturing, and sales of baby diapers, pull-ups, sanitary napkins, and wet wipes [1] - The majority of the company's revenue during the track record period was generated from sales to African customers [1] Market Position - According to Frost & Sullivan, LeShuShi ranks first in the African market for baby diapers and sanitary napkins, with market shares of 20.3% and 15.6%, respectively, based on 2024 sales volume [1] Financial Performance - The company's projected revenues for 2022, 2023, and 2024 are USD 320 million, USD 411.4 million, and USD 454.4 million, respectively [1] - Net profits for the same period are expected to be USD 18.4 million, USD 64.7 million, and USD 95.1 million, respectively [1]
“非洲消费品制造第一股”乐舒适(2698.HK)首日上市高开33.51%