Company Overview - Future Wearable Health Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International as the sole sponsor [1] - The company has been focused on the smart wearable health device sector since 2016 and has become a leader in the industry, integrating professional medical technology into consumer electronics [3][4] - The company offers a diverse product matrix, including smart soothing wearable devices, recovery and shaping equipment, smart health watches, and health home products, aimed at enhancing daily health and quality of life [3][4] Market Position - According to Frost & Sullivan, the company ranks first in China's smart soothing wearable device market with a projected market share of 21.5% in 2024 [3][5] - The global smart soothing wearable device market is competitive but relatively fragmented, with the company holding a 4.1% market share, making it the leader in this segment as well [5] Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, were approximately RMB 904 million, RMB 1,046 million, RMB 1,045 million, and RMB 878 million respectively [6] - The profit figures for the same periods were approximately RMB 119 million, RMB 127 million, RMB 135 million, and RMB 106 million [7] - The gross profit margins for these years were 50.4%, 49.1%, 48.9%, and 50.2% respectively [8] Industry Overview - The global smart wearable health device market was valued at USD 22.6 billion in 2019 and is expected to grow to USD 41.7 billion by 2024, with a compound annual growth rate (CAGR) of 13.0% from 2019 to 2024 [10] - The Chinese smart wearable health device market is projected to grow from RMB 30.9 billion in 2019 to RMB 61.5 billion by 2024, with a CAGR of 14.7% [14] - The demand for smart wearable health devices is driven by the increasing prevalence of chronic diseases and the growing need for proactive health management solutions [10][14]