爷爷的农场冲刺港交所，婴童零辅食市场第二，年收入超8亿元

Group 1 - The company, Grandpa's Farm International Holdings Limited, submitted a listing application to the Hong Kong Stock Exchange on January 5, with CMB International as the exclusive sponsor [1] - According to the company's prospectus, it achieved operating revenue of 780 million RMB and a profit of 87.42 million RMB in the first three quarters of 2025 [3] - Revenue is projected to grow from 622 million RMB in 2023 to 875 million RMB in 2024, with a gross profit of 514 million RMB in 2024 [3] Group 2 - Market research firm Frost & Sullivan indicates that the company ranks second in the Chinese infant and toddler complementary food market by transaction value for 2024, achieving the highest compound annual growth rate of 42.6% among the top five companies from 2022 to 2024 [3] - The company leads the organic infant complementary food segment by transaction value [3] - The company's business encompasses two main areas: infant complementary food and family food, with a product line that includes oils, seasonings, cereals, juices, liquid milk, convenience foods, and rice products [3] Group 3 - As of September 30, 2025, the company's product SKU count has increased to 269 [3] - The funds raised from the listing are intended to enhance product development and innovation capabilities, invest in supply chain development, strengthen production capacity, improve brand building and marketing, and expand domestic sales networks while developing overseas markets [3]