君乐宝冲刺港股！茅台、红杉中国等明星股东浮出水面

Core Viewpoint - Junlebao Dairy Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, shifting focus from its previous attempt to list on the A-share market due to increased emphasis on overseas market expansion and global business development [1] Group 1: Company Overview - Junlebao has diversified its product range to include infant formula, yogurt, low-temperature fresh milk, ambient liquid milk, and livestock, establishing itself as a national dairy company with integrated operations [2] - The company ranks third among comprehensive dairy companies in China, holding a market share of 4.3% as of 2024 [2] - Junlebao is the second-largest player in the low-temperature liquid milk market with a 14.5% market share, and the third in the fresh milk market with a 10.6% share [2] Group 2: Financial Performance - Junlebao's revenue for 2023 and 2024 is projected to be 17.546 billion yuan and 19.832 billion yuan, respectively, with net profits of 5.58 million yuan and 1.115 billion yuan [2] - For the first three quarters of 2025, the company reported revenue of 15.134 billion yuan and a net profit of 900.2 million yuan [2] Group 3: Market Growth and Strategy - The Chinese dairy market is expected to grow from 653.5 billion yuan in 2024 to 749.2 billion yuan by 2029, indicating a robust growth trajectory [3] - Junlebao attributes its rapid profit growth to integrated operations, enhanced marketing efficiency through digital management, and operational leverage [3] - The company plans to use funds raised from the IPO for factory construction, capacity expansion, brand marketing, R&D innovation, and digital transformation [1]