新股消息 | 环球园艺递表港交所 为中国花盆制造商中最大的出口商

Company Overview - Global Horticulture Limited is the largest manufacturer in the decorative plastic flower pot industry, holding a market share of 4.6% as of 2024, according to data from Zhi Shi Consulting [1] - The company is also the largest exporter of flower pots in China by revenue for 2024 [1] - Global Horticulture specializes in decorative plastic flower pots suitable for both indoor and outdoor use, supplying major retailers in North America such as Lowe's, Walmart, Sam's Club, and Costco [4][5] - The company operates five production facilities in China and is in the process of establishing a facility in Cambodia [4] Product Range - The product portfolio includes outdoor decorative flower pots (generally over 12 inches in diameter) and indoor decorative flower pots (generally under 12 inches in diameter), along with other gardening products [5] - Additional products include simple flower pots, pressure-resistant resin pots, trays, self-watering pots, vertical gardening products, and hose storage pots, catering to a wide range of applications in home gardening, landscaping, and seasonal decoration [5] Financial Performance - Revenue for the fiscal years ending December 31 is projected to be approximately HKD 422.9 million in 2022, HKD 357.5 million in 2023, and HKD 474 million in 2024 [6][7] - The company recorded a gross profit of approximately HKD 211.6 million in 2022, HKD 199.9 million in 2023, and is expected to reach HKD 282 million in 2024 [9] - Net profit for the same periods is expected to be around HKD 82.6 million in 2022, HKD 79.7 million in 2023, and HKD 126 million in 2024 [8] Industry Overview - The global gardening market has seen significant growth, with retail sales increasing from USD 91.6 billion in 2020 to an expected USD 104.6 billion by 2024, reflecting a compound annual growth rate (CAGR) of 3.4% [10] - The gardening pot segment is projected to grow at a CAGR of 6.9% from 2024 to 2029, driven by the expanding "courtyard economy" and increasing consumer interest in home beautification [13] - The global decorative gardening products market is expected to grow from USD 34 billion in 2024 to USD 47.1 billion by 2029, with a CAGR of approximately 6.7% [13]