Zheng Quan Shi Bao Wang·2026-01-05 00:06Core Viewpoint - Suplay has submitted a listing application to the Hong Kong Stock Exchange, with CICC and JPMorgan as joint sponsors, positioning itself as a leading player in the global IP collectibles and consumer products market [1] Group 1: Company Overview - Suplay integrates globally recognized IP into its products and aims to introduce Chinese culture through carefully selected offerings [1] - The flagship brand "Kaka Wo" holds a pioneering and leadership position in China's collectible card market, being the first domestic brand to receive comprehensive certification from top global rating agencies such as PSA, CGC, BGS, and SGC [1] Group 2: Product Lines - The company operates two independent product lines: collectibles, which are high-end and limited edition based on IP, and consumer products, which include trendy toys, IP derivatives, and retail cards [1] Group 3: Market Position - Suplay ranks first in China's collectible non-battle card market, holding a market share of 3.2%, which exceeds the combined market share of the second and third-ranked competitors [1] - In the global non-battle collectible card market, Suplay is the only Chinese brand to be among the top five [1] Group 4: IP Collaborations - The company has its own IPs (such as Rabbit KIKI, OHO Uncle, and Water Wave Egg) and has secured partnerships with 22 IP licensors, including exclusive agreements with Kong Shan Ji and the Chinese National Snow Sports Team, as of September 30, 2025 [1]