if椰子水交表两个月即通过港交所聆讯：2024年市占率超第二名七倍以上

Core Viewpoint - IFBH Limited (referred to as "if") is set to list on the Hong Kong Stock Exchange, having passed the hearing process, and is recognized as the fastest-growing coconut water company in mainland China and Hong Kong [2][3]. Company Overview - IF was established in 2013 and has evolved from General Beverage, which restructured its international business in December 2022 to focus on the if and Innococo brands [3][4]. - The company has been a market leader in coconut water in mainland China for five consecutive years since 2020, holding a market share of approximately 34% in 2024, significantly surpassing its closest competitor [3][4]. - In Hong Kong, if has maintained its market leadership for nine years, with a projected market share of about 60% in 2024 [4]. Product Portfolio - The product range under the if and Innococo brands includes three main categories: natural coconut water beverages, other drinks, and plant-based snacks [4]. - IF offers 32 products in 2024, focusing on healthy Thai beverages and foods tailored to various consumer tastes [4]. Marketing Strategy - To enhance local market penetration, if has engaged high-profile brand ambassadors and collaborated with top KOLs on social media platforms like Douyin and Xiaohongshu [4]. - The company has also invested in advertising on prominent platforms, such as a giant LED screen in Chengdu, to boost brand visibility [4]. Market Growth - The Greater China ready-to-drink soft drink market is projected to grow from $138.4 billion in 2024 to $194.7 billion by 2029, with a compound annual growth rate (CAGR) of 7.1% [5]. - Coconut water is identified as the fastest-growing segment within this market, expected to increase from $1.093 billion in 2024 to $2.652 billion by 2029, reflecting a CAGR of 19.4% [5]. Financial Performance - IF's revenue is projected to grow from $8.7 million in 2023 to $15.8 million in 2024, representing an 80.3% year-on-year increase [6]. - Gross profit is expected to rise from $3.0 million in 2023 to $5.8 million in 2024, with a gross margin improvement from 34.7% to 36.7% [6]. - Net profit is anticipated to increase from $1.7 million in 2023 to $3.3 million in 2024, with net profit margins rising from 19.2% to 21.1% [7]. IPO Fund Utilization - The net proceeds from the IPO will primarily be used to enhance warehousing and distribution capabilities, brand building, solidifying market position in mainland China, and expanding into Australia, the Americas, and Southeast Asia [7].