乐欣户外1月31日-2月5日招股 引入地平线创投、黄山德钧认购1.3亿港元发售股份

Group 1 - The company, Lexin Outdoor (02720), plans to conduct a global offering of 28.205 million shares from January 31 to February 5, 2026, with a share price range of HKD 11.25 to HKD 12.25, and expects trading to commence on February 10, 2026 [1] - The cornerstone investors, Horizon Venture Capital Management and Huangshan Dejun Enterprise Management, have agreed to subscribe for shares totaling HKD 130 million under certain conditions [1] - Assuming a share price of HKD 11.75, the net proceeds from the global offering are estimated to be approximately HKD 271.8 million, with allocations for brand development (45%), product design and development (25%), upgrading production facilities (20%), and working capital (10%) [1] Group 2 - According to Frost & Sullivan, the company ranks first in the global fishing equipment industry by revenue in 2024, holding a market share of 23.1%, with the fishing equipment market representing about 5.2% of the global fishing tackle market [2] - The company operates a dual business model combining OEM/ODM manufacturing capabilities with a growing OBM business, providing comprehensive OEM/ODM solutions for outdoor fishing equipment brands [2] - The company's revenue from the OEM/ODM model constituted 94.1%, 90.2%, 92.3%, and 93.1% of total revenue for the years 2022, 2023, 2024, and the eight months ending August 31, 2025, respectively [2] Group 3 - In the Chinese fishing equipment manufacturing industry, the company's market share has increased from 23.4% in 2022 to 28.4% in 2024, reinforcing its position as a market leader with sustainable growth potential [3] - The company's gross profit margin has improved from 23.2% in 2022 to 26.6% in 2024, further increasing to 27.7% for the eight months ending August 31, 2025 [3]