Core Viewpoint - Haitan Weiye officially listed on the Hong Kong Stock Exchange on June 19, becoming the first condiment company to achieve an "A+H" dual listing, marking a significant milestone for Chinese consumer goods companies in the global market [1] Group 1: IPO Details - The IPO price was set at HKD 36.3 per share, with 279 million shares issued, raising a total of USD 1.48 billion, making it the largest IPO in the global consumer sector for 2025 and setting a record for the condiment industry in nearly 25 years [3] - The IPO saw overwhelming demand, with the Hong Kong public offering oversubscribed by 918.2 times and the international offering oversubscribed by 22.9 times, making it the "subscription king" among IPOs over USD 1 billion in Hong Kong since 2022 [3] - Major institutional investors, including Hillhouse Capital, GIC, and UBS Asset Management, collectively subscribed for nearly HKD 4.7 billion, accounting for almost half of the total offering [3] Group 2: Market Position and Competitive Advantage - Haitan Weiye has established a leading position in the industry, with over 1,400 SKUs and seven core products each generating over RMB 1 billion in annual sales, maintaining a market share more than double that of the second-largest competitor in China [4][8] - The company has consistently ranked first in the Chinese market for 28 years, with soy sauce and oyster sauce being its core products, leading in both global and Chinese markets [8] - Haitan's competitive edge is attributed to its "scale + brand + channel" strategy, achieving cost optimization through economies of scale and maintaining a brand penetration rate of 80%, significantly higher than the industry average [8] Group 3: Global Expansion and Future Outlook - The listing provides Haitan with favorable conditions for international expansion, supported by policy improvements from the China Securities Regulatory Commission and the Hong Kong Stock Exchange [9] - The global condiment market is projected to grow to USD 402.7 billion by 2029, with a compound annual growth rate (CAGR) of 6.2% from 2024 to 2029, particularly in Southeast Asia and Latin America [9] - Haitan's revenue growth from 2013 to 2024 has a CAGR of 11.2%, making it the only top condiment company to achieve double-digit growth, with a net profit margin consistently above 20% over the past decade [9]

·科创板"U"标企业来了！未盈利公司专属"成长层"必看5大要点科创板科创成长层，横空出世。科创成 长层将成为未盈利企业的聚集地——科创板存量、增量未盈利企业，全部转移至科创板创新层。关于科 创成长层，五大要点值得关注。详情>> ·瑞银万亿资管版图迎"掌舵人"！28年老将吴家耀空降亚太区21世纪经济报道记者从瑞银证券处获悉， 瑞银集团(UBS)近日完成关键人事布局——吴家耀将于10月1日正式出任瑞银资产管理亚太区主管，这 一任命被视为瑞银完成收购瑞信后强化亚太战略的重要落子。详情>> ·十五运会规模创纪录，粤港澳办赛"心联通"今年，十五运会和残特奥会将在粤港澳三地举办。6月18 日，十五运会和残特奥会筹备工作进展情况介绍新闻发布会举行。会上介绍，赛事的项目设置将充分发 挥港澳办赛优势，赛事元素将彰显粤港澳大湾区的特色文化，促进三地互联互通。详情>> ·4000亿天量资金看好，"酱油茅"股价意外破发6月19日，"酱油一哥"海天味业（03288.HK）正式登陆港 股。上市首日，海天味业盘初一度上涨近5%，但随后股价回落跌破发行价。截至14时4分，海天味业港 股微涨0.14%，A股则跌3.73%。详情>> BAT和张 ...

智通财经APP获悉，以伊冲突持续加剧叠加美联储继续按兵不动，港股三大指数全天单边下行，恒指午 后曾泄500点。截止收盘，恒生指数跌1.99%或472.95点，报23237.74点，全日成交额为2200.99亿港元； 恒生国企指数跌2.13%，报8410.94点；恒生科技指数跌2.42%，报5088.32点。 花旗集团中国股票策略师刘显达认为，中东局势对港股影响不大，加上关税发展较之前明朗，全球主要 央行减息亦降低资金成本，预期明年港股盈利增长可能较今年更佳，因此对港股看法依然正面，并不排 除未来有进一步调高目标价的可能。刘显达指，中东局势不稳虽会拖累市场气氛，但同时带来低吸港股 的机会。 蓝筹股表现 石药集团(01093)领跌蓝筹。截至收盘，跌6.4%，报7.61港元，成交额24.6亿港元，拖累恒指6.67点。华 兴证券指出指，石药集团在1Q25收入同比下降21.9%，但利润表现优于预期，授权收入成为亮点。成药 业务收入同比下降27.3%，但授权收入达7.18亿元，显著缓冲了集采与医保政策带来的压力，展示了公 司管线的商业化价值转化能力。 蓝筹股近乎全军覆没，仅两股飘红。中升控股(00881)跌5.94%，报 ...

Rime 创投日报 | 更大力度培育壮大耐心资本、长期资本，优化"募投管退" 2025-06-19 Rime 创投日报 | 更大力度培育壮大耐心资本、长 期资本，优化"募投管退" 原创 来觅研究院 RimeData 来觅数据 2025-06-19 导读：据来觅数据统计，06 月 18 日国内外创投市场合计披露 33 起投融资事件，其中 25 家国内企业， 8 家国外企业，融资总额约 32.92 亿元。揭秘投资数据，尽在 RimePEVC。立即登录，掌握独家融资案 例、精选项目情报，以及前沿数据分析。洞察市场，领先一步！ 募资事件 幂方健康基金新一支美元基金完成募集 6 月 17 日，专注于中国早期医药创新的专业投资机构幂方健康基金宣布完成新一支美元 VC 基金募集。 该基金将专注于投资具有突破性的生物医药前沿领域，积极推动新一代医药和医疗技术的开发与应用。 据了解，该基金已完成安领科、橙帆医药等多个优秀项目投资，其中部分项目已完成由知名投资机构领投 的后续融资。 郑州经开区首支产业创投母基金备案 请务必阅读正文之后的免责声明 1 / 5 Rime 创投日报 | 更大力度培育壮大耐心资本、长期资本，优化"募投管 ...

超900倍认购创纪录，资本抢筹凸显信心 本次IPO发行价为36.3港元／股，发行2.79亿股，发行规模达14.8亿美元，不仅是2025年全球消费领域规模最大IPO，更是创下近25年全球调味品行业融资纪 录。 转自：海天味业 【新华企业资讯6月19日】6月19日，海天味业（03288.HK）正式登陆港股，成为首家实现"A+H"双上市平台的调味品企业。上市首日，公司股价表现强 劲，开盘高开超3%，总市值突破4000亿人民币，超越国际同行成为全球市值最高的调味品企业。这一里程碑事件，标志着中国消费品企业在全球市场的话 语权进一步提升。 券商分析指出，海天持续领先的关键在于其构建了"规模+品牌+渠道"的三重"护城河"。一方面，公司通过规模效应实现了成本优化，实现更高质价比；另一 方面，公司品牌渗透率达80%，远高于行业。更值得关注的是，公司已建成覆盖全国100%地级市的销售网络，渠道深度远超竞争对手。这些优势的叠加， 为海天未来的持续增长提供了有力保障，也成为俘获投资者的核心因素。 政策市场双驱动，全球布局提速 在全球资本市场的瞩目下，海天味业正迎来政策与市场的双重机遇。一方面，中国证监会优化沪深港通机制，港交所推出 ...

6月19日，"酱油一哥"海天味业（03288.HK）正式登陆港股。 上市首日，海天味业盘初一度上涨近5%，但随后股价回落跌破发行价。截至14时4分，海天味业港股微涨0.14%，A股则跌 3.73%。 4000亿天量资金抢筹 根据海天味业此前公布的配发结果，公司全球发售约2.79亿股H股，香港公开发售占19.81%，国际发售占80.19%。最终发售价为 每股36.30港元，全球发售净筹约100亿港元。其中，香港公开发售获918.15倍认购。 第三方数据平台显示，海天味业港股打新热度高涨，融资申购额超4000亿港元，近38万人公开认购，1手中签率仅有5%，创今 年港股IPO（首次公开募股）认购人数新高，热度超宁德时代（31.08万人）和恒瑞医药（20.38万人）。 散户的打新热情，也非常高涨。 "海天味业此次的招股价不算高，打新资金门槛较低，中签率较高，算是'肉签'。" 有香港券商人士表示，海天味业市值在2200亿人民币，这类巨头一般港股折价在10%左右，海天20%左右的折价，对于打新来说 已有较高的值博率。 有参与打新的内地私募人士表示，现在港股消费股行情较好，又有泡泡玛特效应加持，更烘托了气氛。 海天味业此次 ...

6月19日，"酱油一哥"海天味业正式登陆港股。 上市首日，海天味业盘初一度上涨近5%，但随后股价回落跌破发行价。截至11:43发稿，海天味业港股 跌0.55%，A股也跌超3%。 | | | 买8 35.750 1.30万(14) | | | --- | --- | --- | --- | | | | 买9 35.700 1.30万(20) | | | | | 买10 35.650 4.00万(14) | | | 买盘经纪 | 卖盘经纪 | | | | 2845 | 9064 | | UBS | 根据海天味业公布的配发结果，公司全球发售约2.79亿股H股，香港公开发售占19.81%，国际发售占 80.19%。最终发售价为每股36.30港元，全球发售净筹约100.096亿港元。其中，香港公开发售获918.15 倍认购，国际发售获22.93倍认购。 图片来源：每经记者 黄婉银 摄 40万人在港股"打酱油" 认购额逾4000亿港元超"宁王" 据每日经济新闻报道，6月17日，海天味业港股打新热度高涨，超39万人认购，中签率低，富途平台融 资认购倍数近700倍，融资申购额超4000亿港元，认购人数突破10万人，创今年港股 ...

6月19日，调味品龙头企业海天味业（03288.HK）在港交所挂牌上市，开盘报37.5港元/股，较发行价 36.3港元/股涨3.3%。但随后股价回落跌破发行价，截至记者10：35发稿，报36.150港元/股，跌0.41%。 | 海天味业 | | | --- | --- | | HK3288 HK AH | | | 38.000 市值2111.0亿 量比 30.48 36.150 | | | 36.150 流通 100.87亿 换 -0.150 -0.41% # | 18.27% | | 37.500 市盈™ 30.17 额 | 19.24亿 | | 39.07 -2.88% H/A溢价率 -15.42% | 溢价分析 | | 异动解读:今日上市。海天味业港股今日上 ... ● × | | | 分时 日K 周K 月K 五日 更多▼ | | | 均价:37.746 最新:36.150 -0.150 -0.413% | | | 38.000 +4.68% 卖1 36.200 36.56万 | | | 买1 36.150 6.77万 | | | 日日 2日 36.300 - - | | | 500 | | | 10: ...

Core Viewpoint - The article highlights significant movements in the Hong Kong and US stock markets, focusing on various companies' performances and the impact of regulatory changes on specific sectors. Group 1: Hong Kong Stock Market Highlights - Haitian Flavoring (03288) debuted with over a 3% increase, raising HKD 10 billion and holding a 6.2% global market share in soy sauce, leading the Chinese seasoning market with a 4.8% share [1] - Stablecoin concept stocks surged, with Lianlian Digital up 11%, Yika up 9%, and Zhong An Online up 8%, driven by the implementation of Hong Kong's stablecoin regulations [1] - Hezhima Intelligent (02533) rose over 3% as it plans to acquire an AI chip company to expand its automotive and edge AI product lines [1] - Delin Holdings (01709) increased over 3% with an expected annual profit growth of 10%-30% (to HKD 110-130 million) and its subsidiary Synaptic Technology securing tens of millions in A-round financing [1] - Jingtai Technology (02228) saw over a 4% rise, producing its first clinical candidate drug, PRMT5 inhibitor PE-0260, with clinical trials set to start in the second half of 2025 [1] - Gold stocks collectively fell, with Lingbao Gold and Zhu Feng Gold both down 4%, affected by a pullback in spot gold prices [1] - Innovent Biologics (01801) rose over 4% after obtaining global rights for GlycoT's ADC technology, with positive outlooks for IBI363/343's international potential [1] - Longpan Technology (02465) increased over 6% due to policy support accelerating solid-state battery industrialization, with the Ministry of Industry and Information Technology allocating HKD 6 billion for special research [1] Group 2: Other Notable Movements - Simor International (06969) fell over 5% as shareholder Yiwei Lithium Energy announced a third reduction of 3.5% in its stake, dropping to 27% and losing control [2] - Fubo Group (03738) rose over 4% due to favorable policies for data asset REITs, with the company targeting annual AI business revenue in the million-dollar range [2] - Yadea Holdings (01585) increased over 4% with a projected 55% rise in H1 net profit to HKD 1.6 billion, driven by new national standards enhancing industry concentration [2] - Perfect Medical (01830) fell over 6% as medical beauty consumption shifted to Shenzhen and South Korea, with an expected 35% decline in annual profit [2] - Yunbai International (00030) surged over 15% after acquiring global distribution rights from its parent company Yunnan Baiyao, covering a full range of products including medicines and personal care [2] - Luk Fook Holdings (00590) dropped over 4% due to increased gold hedging losses from rising gold prices and high base effects from last year's acquisition of King of Gold [2] Group 3: US Stock Market Highlights - Brain Regen Technologies (RGC.US) fell over 18% after a 400% increase in the previous two days, as profit-taking occurred; the company focuses on liquid formulations for ADHD and autism [3] - Marvell Technology (MRVL.US) rose over 7% after announcing a collaboration to develop AI power solutions and launching a 2nm custom SRAM chip with leading bandwidth and energy efficiency [3] - Circle (CRCL.US) surged over 33% after the US Senate passed a stablecoin bill, boosting the stock's value by 410% since its listing [3] - The rare earth sector continued to rise, with MP Materials up 4.9% and USA Rare Earth up 5.58%, driven by policy support for strategic resource demand [3] - Wolfspeed (WOLF.US) fell over 30% amid reports of a potential bankruptcy agreement, despite the silicon carbide market projected to reach USD 29 billion by 2030 [3] - Odyssey Marine (OMEX.US) rose over 11% after Trump signed an executive order to expedite deep-sea mining permits, with a 93% increase year-to-date [3] - Huya (HUYA.US) increased over 3% as the "HYPER eSports Carnival" is set to open in Chengdu, boosting platform traffic and commercialization expectations [3] Group 4: Additional Notable Movements - AST SpaceMobile (ASTS.US) rose over 10%, with an 85% increase in June, partnering with Vodafone India to provide satellite connectivity to unconnected areas [4] - Arqit Quantum (ARQQ.US) surged over 22% after being selected for Oracle's defense ecosystem, highlighting the strategic value of quantum encryption technology [4] - Aptevo (APVO.US) skyrocketed over 81% due to a new leukemia drug showing an 85% response rate in frontline treatment [4] - Upstart (UPST.US) rose over 10% after Bank of America raised its target price to USD 56, maintaining a "hold" rating as the credit tech platform's valuation recovers [4] - Coinbase (COIN.US) increased over 16% as it plans to apply to the SEC for "tokenized stocks," opening new growth opportunities in traditional equity on-chain [5]

6月19日，海天味业（03288.HK，以下简称为"海天"）正式在港交所上市，此次H股发行以招股价范围 的上限36.3港元/股定价，预计融资将达到101亿港元。上市首日，开盘价较发行价微涨3.31%达37.5港 元/股，总市值为2190亿港元。 作为2025年迄今消费行业规模最大的港股IPO项目，同时也是同期整个市场仅次于宁德时代的第二大港 股IPO项目。海天味业的基石阵容堪称绝对豪华，共有8名基石投资者合共认购1.29亿股发售股份，包括 高瓴资本、新加坡政府投资公司GIC、瑞银资管、加拿大皇家银行、中信产业基金、红杉、博裕等主权 财富基金和全球顶级投资机构，认购金额近47亿港元，占比近50%。 豪华基石阵容的背后，必然是全球顶级投资机构对中国消费龙头企业的认可。 作为"中华老字号"企业之一，海天味业可追溯至清代中叶乾隆时期的"佛山古酱园"，距今已有300余年 的历史。1955年，公私合营大背景下，来自佛山的25家古酱园合并重组，成立了"佛山市珠江酱油厂"， 也就是海天味业的前身。2014年2月，海天味业在上交所挂牌上市，成为国内调味品行业首家上市公 司。 过去几年，随着进入调味品市场的企业增多，消费者需求的 ...