Core Insights - Tambor submitted its listing application to the Hong Kong Stock Exchange on October 8, with CICC as the sole sponsor, positioning itself as a leading professional outdoor apparel brand in China [1] - The company is the fourth largest domestic professional outdoor apparel brand in China by retail sales projected for 2024, emphasizing its commitment to quality, design, and advanced technology [1] Product Line and Offerings - Tambor has developed a comprehensive product system covering various outdoor activities such as skiing, climbing, and hiking, as well as urban scenarios like leisure and commuting, with a total of 687 SKUs as of June 30, 2025 [1] - The product portfolio includes professional outdoor apparel, primarily featuring professional down jackets, hard-shell, and soft-shell clothing, with specific categories including 83 SKUs in the top outdoor series, 217 in the sports outdoor series, and 387 in the urban light outdoor series [1] Revenue Growth and Online Expansion - The company achieved significant growth by leveraging its established offline business while strategically expanding its online channels, with online revenue increasing from RMB 226.4 million in 2022 to RMB 348.6 million in 2023, marking a 54.0% increase [2] - Online revenue is projected to further increase to RMB 626.2 million in 2024, and for the first half of 2025, it is expected to rise to RMB 346.6 million, reflecting a 168.5% increase compared to the same period in 2024 [2] - Tambor is recognized as the fastest-growing brand in online retail sales among the top ten professional outdoor apparel brands in China, with an 80.3% growth in online retail sales from 2023 [2]