Core Viewpoint - Hongxing Cold Chain officially launched its IPO on December 31, 2025, with plans to list on the Hong Kong Stock Exchange under the stock code "1641" on January 13, 2026 [1][5]. Group 1: IPO Details - The IPO subscription period runs from December 31, 2025, to January 8, 2026 [5]. - A total of 23,263,000 H-shares will be offered globally, with 2,326,500 shares available for public sale in Hong Kong and 20,936,500 shares for international sale [3]. - The offering price is set at HKD 12.26 per H-share, plus various fees including a 1% brokerage commission and other transaction fees [3]. Group 2: Financial Performance - For the year ending December 31, 2022, the revenue from frozen food storage services was RMB 137.368 million, accounting for 58.0% of total revenue [6]. - In the first half of 2023, revenue from frozen food storage services increased to RMB 132.813 million, representing 65.8% of total revenue [6]. - The company projects revenue from frozen food storage services to reach RMB 160.018 million in 2024, which would account for 68.5% of total revenue [6]. Group 3: Use of Proceeds - The net proceeds from the IPO will be used to construct a new processing plant and cold storage warehouse over the next four years, equipped with processing equipment and systems for frozen food processing services [6]. - Funds will also be allocated to upgrade existing business equipment, IT infrastructure, and software, including investments in artificial intelligence technology to enhance operations and customer service [6]. - The company plans to seek strategic acquisitions and partnerships to strengthen its position within the cold chain ecosystem [6].
红星冷链：将于1月13日港股上市！