6月18日，"全球高端家庭护理第一股"圣贝拉启动招股，至23日结束。 公开资料显示，圣贝拉本次计划全球发售9542.0万股股份，其中香港发售954.20万股股份，国际发售 8587.8万股股份，每股发售价为6.58港元，预计募资6.28亿港元。 智通财经APP注意到，在本次发行中，圣贝拉共引入7位基石投资者，包括GIMM、华夏基金（香港）、 JKKB、SS Morgan、敏睿、吴启楠先生及汪牵擎女士，累计认购4944.3万股股份，共计认购认购4146万 美元。 | | | | | 假設發售量調整極未獲行使 | | | | 假設發售最調整極積過數行使 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 佔緊蘭全球發售完成後 | | | | 佔緊屬全球發 悟完成後 | | | | | | 佔發售最份變數的 | | 已發行股份總數的 | | 佔發售股份塑數的 | | 已發行最份 總數的 | | | | | | 题约 百分比 | | ■到百分比 | | 题约百分比 | | 题约百分比 | | | | ...

现在的业务体量不过是未来家庭护理业务的冰山一角。 | 作者 | | 观韬 | | --- | --- | --- | | 编辑 | | 小白 | 近日，圣贝拉有限公司（证券简称"SAINT BELLA"，以下简称"圣贝拉"）通过聆讯并更新港股招股 书。数据显示，它是我国乃至亚洲目前最大的产后护理及修复集团，也是我国增长最快的规模化产后 护理和修复集团，成功吸引了风云君的探索欲。 规模断崖式领先，收入表现强劲 虽然已是国内产后护理第一大品牌，但圣贝拉其实是一家很年轻的公司，2 017 年底才成立。 成立伊始，创始人向华就确立了高举高打的策略：从高端市场切入产后护理及产后修复领域，通过低 频次高消费的服务，构建信任体系，也因此圣贝拉一直被称为"爱马仕月子中心"。 通过主品牌"圣贝拉"在超高端市场打造出品牌知名度和品牌影响力后，以"小贝拉"和"艾屿"为抓手， 圣贝拉继续在高端领域投射影响力，如滚雪球般持续巩固壮大竞争优势。 过去3年，小贝拉中心的客户数量和增速都超过了圣贝拉中心，2022年客户数量还只是圣贝拉的1.5 倍，2024年就几乎是后者的2倍，展现出更优异的成长性和更广阔的市场需求空间。 | | | 於12 ...

Core Viewpoint - Saint Bella is positioning itself as a leader in the postpartum care and recovery industry, aiming to become the "first global family quality care stock" through a differentiated business model and strong financial performance [1][4]. Group 1: Market Position - Saint Bella holds the top position in the postpartum care and recovery sector in Asia and China, with a market share of approximately 1.2% based on projected 2024 revenues [2]. - The company is recognized as the fastest-growing large-scale postpartum care and recovery group in China, leading the industry in revenue growth rates from 2022 to 2024 [2][7]. - Saint Bella is the first operator in the mainland to expand its postpartum care centers beyond China, establishing a global service network [3]. Group 2: Business Model - The company has developed a comprehensive service ecosystem that covers prenatal, postpartum, and family childcare, moving beyond the traditional single-service model [3]. - The business model consists of three stages: 1. Establishing a foundation of professional care with a tiered service design [3]. 2. Extending care services into home settings to meet ongoing needs after hospital discharge [3]. 3. Creating a health consumption ecosystem with high-end health food brands focused on women's nutrition [3]. Group 3: Financial Performance - Saint Bella's revenue has shown strong growth, with figures of 472 million, 560 million, and 799 million yuan from 2022 to 2024, reflecting a compound annual growth rate (CAGR) of 30.15% [7]. - The company has diversified its revenue streams, with nearly 30% of total income in 2024 coming from services outside postpartum care, indicating reduced reliance on a single business line [7]. - The gross profit has also expanded, with gross profits of 141 million, 205 million, and 270 million yuan from 2022 to 2024, achieving a CAGR of 38.42% [8]. - Adjusted net profits have doubled over two years, reaching 42.26 million yuan in 2024, with a year-on-year growth rate of 103.43% [8][12]. Group 4: Strategic Outlook - Saint Bella's strategy of integrating professional care, home settings, and health consumption is redefining industry standards and creating competitive barriers [4]. - The company is expected to accelerate its global expansion, potentially becoming a representative of Chinese family care solutions on the world stage [12].

综合分析，圣贝拉发展至今的业绩成长和行业领先的地位，可归因于圣贝拉集团针对不同的场景提供的差异化服务，从高端到质价比，精准狙击各个阶层 的需求。圣贝拉早期以同名旗舰品牌"圣贝拉母婴护理中心"作为起点，将目标设定为高净值家庭提供全周期护理服务；之后，在品牌建设与用户需求的双 轮驱动下，圣贝拉进一步细化产后护理条线业务布局，先后推出了定位年轻家庭首选的月子护理品牌"baby bella小贝拉"以及主打心理疗愈的女性全周期 护理品牌"Bella ISLA艾屿"。 同时，圣贝拉已从最初的单一产后护理业务转型破圈，构建起"全周期覆盖的家庭护理生态"，在家庭护理服务领域，圣贝拉于2018年推出「予家」品牌， 其可按定制化基础解决客户的特殊家庭护理需求并拓展客户的生命周期价值；在女性健康功能性食品领域，圣贝拉于2021年收购了广禾堂，并将广禾堂销 售重心由线下渠道转换为线上渠道，并不断改进产品、扩大产品组合，令这家深耕女性保健食品20多年的行业领军企业展现出来新的发展契机，线上订单 数量三年内从2355单暴增至74837单，订单均价从621元增长至860元，广禾堂毛利率也因此由2021年的13.7%大幅增至截至2023年1 ...

US Physical Therapy (USPH) Q1 2025 Earnings Call May 08, 2025 10:30 AM ET Speaker0 everyone, and thank you for standing by. Welcome to the U. S. Physical Therapy First Quarter twenty twenty five Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded. I'd now like to turn the call over to Chris Redding, Chairman and CEO. Please go ahead, sir. Speaker1 ...