上市两周股价“过山车”！八马茶叶“八连跌”背后：上半年营收利润均同比下滑

Core Viewpoint - Bama Tea's stock price has experienced a continuous decline for eight trading days, raising concerns about investor confidence in the company's core business development [2][3]. Group 1: Stock Performance - Bama Tea was listed on the Hong Kong Stock Exchange on October 28, 2023, with an initial offering price of HKD 50.00, and the closing price on the first day was HKD 93.35, representing an increase of 86.7% [3]. - The stock price began to decline from the third trading day, falling to HKD 49.22 on November 11, 2023, which is below the initial offering price, and closed at HKD 51.80, down 1.99% [3]. - After eight consecutive days of decline, Bama Tea's stock price rebounded, closing at HKD 61.35 on November 12, 2023, and further increasing to HKD 70.95 on November 13, 2023, a rise of 15.65% [3]. Group 2: Financial Performance - For the first half of the year, Bama Tea reported a revenue decline of 4.2% to HKD 10.63 billion and a profit decrease of 17.8% to HKD 1.20 billion [6]. - The company's revenue and profit growth rates are slowing, with projected revenues of HKD 18.18 billion, HKD 21.22 billion, and HKD 21.43 billion for 2022, 2023, and 2024, respectively, and profits of HKD 1.66 billion, HKD 2.06 billion, and HKD 2.24 billion [6]. - The revenue growth rate is expected to drop from 16.6% in 2023 to 1.0% in 2024, while profit growth is projected to decrease from 24.1% in 2023 to 8.7% in 2024 [6]. Group 3: Company Background - Bama Tea, headquartered in Shenzhen, Guangdong, established its first chain store in 1998 and opened its first franchise store in 2007. As of June 30, 2023, it had 3,585 offline stores, with 3,341 being franchise stores, accounting for approximately 93% [6]. - The company has faced challenges in its listing journey, having attempted to list on various exchanges since 2013, with the latest successful listing occurring in October 2023 on the Hong Kong Stock Exchange [8][10]. Group 4: Future Prospects - Bama Tea plans to use the funds raised from its IPO to expand production facilities, enhance brand value, diversify its product range, and support the expansion of its direct sales network [10]. - The company's future growth is contingent upon its ability to attract new franchisees and expand its direct sales network, which requires significant resources, including capital investment and strong supply chain support [10].