港交所，即将迎来一位东北富豪。 作者 | 笔锋 来源 | 投资家（ID：touzijias） 港交所，即将迎来一位东北富豪。 这位来自辽宁辽阳61岁东北汉子，在辞去公务员工作29年后，终于带着他的美妆帝国，即将叩响资本市场大门。 近日，国货美妆自然堂正式向港交所递交招股书，由华泰国际和瑞银集团联手保荐这场IPO。这个年营收超46亿的美妆巨头，背后站着持股超87%的郑氏 兄妹，而掌舵人郑春颖的身价早已飙至110亿。 | No. 2448 | ~ -410 | ¥ 110 亿 | l | 郑春颖 | 自然堂 | | --- | --- | --- | --- | --- | --- | | 排名 | 排名变化 | 财富 | Car | 个人信息 先生 61 | 企业信息 行业:消费品 | 更让人意外的是，就在IPO前夕，全球美妆巨头欧莱雅和加华资本，刚联手砸了7亿进来，给它估值抬到了71.4亿元，也让自然堂跃为"国货美妆独角兽"级 别。 当"你本来就很美"的广告语响彻大江南北时，没人想到，这个诞生于2001年的品牌背后，操盘手郑春颖却是个鲜少露面的东北汉子。当年，他带着兄妹四 人，从辽阳农村一路闯到上海，用24年 ...

Core Insights - Lianhua Holdings (600186.SH) has reported significant growth in its 2024 annual report and 2025 Q1 report, driven by the resurgence of domestic products and the digital economy transformation [1][2] - The company achieved a revenue of 2.646 billion yuan in 2024, marking a year-on-year increase of 25.98%, and a net profit attributable to shareholders of 203 million yuan, up 55.92%, reaching a historical high since its listing [1] - In Q1 2025, Lianhua Holdings continued its growth trajectory with a revenue of 794 million yuan, a 37.77% increase year-on-year, and a net profit of 101 million yuan, reflecting a 105.19% growth [1] Business Performance - The seasoning business, historically the core of Lianhua Holdings, saw comprehensive growth in 2024, with sales of monosodium glutamate reaching 198,100 tons and revenue from amino acid seasonings increasing by 18.91% to 1.93 billion yuan [1] - Chicken essence sales reached 30,800 tons, generating revenue of 343 million yuan, which is a 33.67% increase year-on-year [1] New Business Ventures - Lianhua Holdings has made significant strides in its intelligent computing business, with revenue from computing services skyrocketing to 80.64 million yuan, a staggering 104-fold increase, and a gross margin of 42.45%, surpassing the food manufacturing sector's average gross margin of 24.7% [2] - The company has deployed servers in nine intelligent computing centers across various cities, covering major economic regions in China [2] Market Performance - Despite the impressive new business performance, Lianhua Holdings faces challenges, including the termination of a 555 million yuan computing service contract due to macroeconomic changes, requiring a compensation payment of 2 million yuan [2] - The stock price of Lianhua Holdings experienced volatility, peaking at 8.20 yuan per share at the beginning of the year but declining to 6.59 yuan per share by April 30, with a daily drop of 2.80% [2]