Investment Rating - The report does not explicitly state an investment rating for the company [1]. Core Insights - The company is a Chinese life insurance intermediary service provider, ranking eighth in the total premium market share with 2.9% in 2023 [4]. - It is the second-largest online insurance intermediary in China based on the total premium of long-term life insurance, holding a market share of 7.3% [4]. - The estimated net proceeds from the share issuance are approximately HKD 116 million, with the share price set between HKD 6.48 and HKD 8.08 [4]. - The company plans to allocate 60% of the raised funds to enhance and optimize its sales and marketing network, 20% for R&D capabilities and improving technical infrastructure, 10% for mergers, acquisitions, and strategic investments, and 10% for working capital and general corporate purposes [1]. Financial Summary - For the year ending December 31, 2023, the company reported revenues of RMB 1,634,395 thousand, a decrease of 15.1% from RMB 1,387,086 thousand in 2024 [2]. - The gross profit for 2023 was RMB 551,799 thousand, down 4.2% from RMB 528,880 thousand in 2024 [2]. - The net loss for the year was RMB -356,209 thousand, a significant increase in loss of 61.9% compared to RMB -135,609 thousand in 2024 [2]. - Adjusted net profit was RMB 253,336 thousand, reflecting a decrease of 4.6% from RMB 241,563 thousand in 2024 [2].
手回集团有限公司(2621.HK)新股快讯
CHIEF SECURITIES·2025-05-23 10:20