新股消息 乐欣户外三度递表港交所 聚焦于钓鱼相关装备制造
Jin Rong Jie·2025-12-30 02:30

Core Viewpoint - Lexin Outdoor International Limited has submitted its third listing application to the Hong Kong Stock Exchange, with China International Capital Corporation as its sole sponsor [1] Company Overview - Lexin Outdoor focuses on fishing equipment and has a diverse product portfolio, including fishing chairs, beds, rod holders, fishing carts, bags, and tents [2] - The company's products cater to various fishing scenarios, such as carp fishing, competitive fishing, lure fishing, fly fishing, and ice fishing [3] Market Position - According to Frost & Sullivan, Lexin Outdoor is the largest fishing equipment manufacturer globally, with a market share of 23.1% based on 2024 revenue [3][12] - The company operates a dual business model combining OEM/ODM manufacturing capabilities with a growing OBM business to meet diverse market demands [3] - In the Chinese fishing equipment manufacturing industry, Lexin's market share has increased from 23.4% in 2022 to 28.4% in 2024 [4][12] Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the eight months ending August 31, 2025, were approximately RMB 818 million, RMB 463 million, RMB 573 million, and RMB 460 million, respectively [5] - The net profit for the same periods was approximately RMB 114 million, RMB 49.01 million, RMB 59.41 million, and RMB 56.24 million [6] - The gross profit margins for these years were 23.2%, 26.6%, 26.6%, and 27.7% respectively [7] Industry Overview - The global outdoor equipment market is projected to grow from RMB 524.3 billion in 2019 to RMB 645.8 billion in 2024, with a compound annual growth rate (CAGR) of 4.3% [8] - Fishing is a popular outdoor activity, and the global fishing tackle market is expected to account for approximately 21.8% of the global outdoor equipment market by 2024 [9] - The global fishing tackle market size is anticipated to grow from RMB 120.4 billion in 2019 to RMB 140.9 billion in 2024, with a CAGR of 3.2% [10] - The Chinese fishing tackle market is expected to grow from RMB 24.9 billion in 2019 to RMB 32.9 billion in 2024, with a CAGR of 5.7% [11]