一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 影石创 新 科 创板｜挂牌 上市 据 IPO早知道消息，影石创新科技股份有限公司(以下简称"影石创新")于2025年6月11日正式 以"688775"为股票代码在上海证券交易所科创板挂牌上市，成为A股"智能影像第一股"。 值得一提的是，影石创新本次科创板上市募资规模为 19.38亿元，在今年迄今为止上交所（主板+科 创板）整体募资额排名第三、在科创板排名第一。 成立于 2015年的影石创新作为一家以全景技术为基点的全球知名智能影像设备提供商，自成立以来 一直专注于全景相机、运动相机等智能影像设备的研发、生产和销售。目前，影石创新推出的智能影 像设备产品与各行业加速融合，覆盖全景新闻直播、国防军事、政法警务、全景街景地图、VR看 房、全景视频会议等领域，通过满足多场景应用为行业赋能。 其中，影石创新的品牌「 Insta360影石」产品通过线上、线下渠道相结合的方式销往全球各地。 未来，我们将继续秉持 '成为世界一流的智能影像品牌'的愿景，继续毫不犹豫地前行，让中国智造创 造更多社会价值！" 更多详情 ...

Core Viewpoint - The company, Saint Bella, is leading a revolution in the high-end home care industry by standardizing, professionalizing, customizing, and digitizing home care services and products, and is set to become the "first global home care stock" after passing the hearing for its Hong Kong IPO [1] Group 1: Business Overview - Saint Bella has grown rapidly since its establishment in 2017, becoming the largest postpartum care group in Asia and China, with a market share that remains at the top [2] - The company operates three main business lines: postpartum care services, postpartum recovery services, and home care services, which contribute to a comprehensive business model that enhances customer lifetime value [2] - By the end of 2024, Saint Bella plans to have 81 postpartum care centers, expanding its reach to Hong Kong, Singapore, and Los Angeles [2] Group 2: Financial Performance - Revenue increased from 472 million RMB in 2023 to 799 million RMB in 2024, marking a doubling of income [2] - The company achieved a gross profit of 270 million RMB in 2024, with adjusted profits turning positive, reaching 72.47 million RMB by the end of 2024 [2] - The postpartum care centers contributed over 80% of the revenue, while home care and food services are showing strong growth, with their revenue share increasing year by year [2][3] Group 3: Growth Drivers - The family care service and food business have seen significant growth, with contract values for family care services increasing by 157% and food business values rising by 120% [5] - The company has established a high-end brand strategy, attracting loyal customers and ensuring business growth through a combination of high-end branding and professional services [4] - Digitalization and a light asset operation model are enabling efficient expansion and profit elasticity, allowing the company to enter new cities and increase market share [6] Group 4: Market Potential - The postpartum care industry has significant growth potential, driven by increasing consumer demand and evolving fertility policies [7] - The company is positioned to fill market gaps in high-end postpartum care services, with a standardized operational service system ensuring consistent quality [8] - Saint Bella's success may prompt a reevaluation of standards and digitalization in the home care sector, benefiting the industry's long-term development [8][9]

Group 1: IPO Approvals - Five companies have successfully passed the IPO hearing on June 9-10, including Yaojie Ankang, Yingtong Holdings, Saint Bella, Xiangjiang Electric, and Cao Cao Mobility [1] - Two companies, Guangzhou Yinnuo Pharmaceutical Group and Shenzhen Chuangzhixin Lian Technology, have submitted their IPO applications [12][13] Group 2: Yaojie Ankang - Yaojie Ankang is a biopharmaceutical company focused on developing innovative therapies for tumors, inflammation, and cardiovascular metabolic diseases [1] - The company's core product, Tinengotinib, is a multi-target kinase inhibitor currently undergoing two pivotal clinical trials for cholangiocarcinoma [2] Group 3: Yingtong Holdings - Yingtong Holdings is the largest perfume group in China (including Hong Kong and Macau) excluding brand owners [3] - The company operates a comprehensive sales and distribution network across over 400 cities in China, leveraging both offline and online channels [4] Group 4: Saint Bella - Saint Bella is a leading postpartum care and recovery group in China, aiming to become a comprehensive family care brand in Asia [6] - The company is recognized as the largest postpartum care group in Asia based on revenue from maternity centers [7] Group 5: Xiangjiang Electric - Xiangjiang Electric is a manufacturer of household appliances in China, primarily operating under ODM/OEM models [8] - The company ranks as the tenth largest in the kitchen small appliances sector in China, with a market share of 0.8% [8] Group 6: Cao Cao Mobility - Cao Cao Mobility is a ride-hailing platform incubated by Geely Group, operating in 136 cities as of December 31, 2024 [10] - The company's total gross transaction value (GTV) reached RMB 12.2 billion in 2023, reflecting a 37.5% increase from 2022 [10] Group 7: Guangzhou Yinnuo Pharmaceutical - Guangzhou Yinnuo Pharmaceutical focuses on developing therapies for diabetes and metabolic diseases, with a core product targeting type 2 diabetes [12] - The company has a pipeline that includes several candidates in clinical and preclinical stages [12] Group 8: Shenzhen Chuangzhixin Lian Technology - Shenzhen Chuangzhixin Lian is a leading provider of metallization interconnect plating materials and key process technologies in China [13] - The company is recognized as the largest domestic supplier of wet process plating materials in the Chinese market [13]

中国内地首家拓展中国内地以外地区的月子中心运营商。 2017年11月，首家圣贝拉月子中心在杭州开业。截至202 5 年 6 月 3 日，圣贝拉在圣贝拉、 Bella Isla及小贝拉品牌名下拥有 96 家高端月子中心，包括 62 家自营中心 (即由圣贝拉全资拥有 或控股的中心)以及 34 家管理中心 (即由第三方全资拥有或控股并由圣贝拉管理的中心)。其中， 2022年至2024年 ，圣贝拉分别增加了 11、7家以及 34 家自有或管理中心。 根据弗若斯特沙利文报告， 202 4 年圣贝拉拥有中国最大的高端月子中心网络，且就收入而言，圣 贝拉在杭州和上海等多个城市拥有领先市场份额。 此外，通过于2022年1月在香港增设第一家管理 中心、于2023年10月在新加坡增设了第一家自有海外中心以及于2024年5月在美国大洛杉矶地区增 设第一家管理海外中心，圣贝拉扩大了全球影响力，成为中国内地首家拓展中国内地以外地区的月子 中心运营商 。 除月子中心外，圣贝拉另有家庭护理服务和女性健康功能性食品两大业务——前者为2018年推出的 「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；后者则 通 ...

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].

贝壳 通过研究其经营模式发现，圣贝拉并非传统意义上的单一产后护理品牌，而是构建了一套"全周期覆盖"的家庭护理生态。其业务涵盖母婴护 理、家庭育儿、女性健康食品零售等多个领域，通过多元品牌矩阵，逐步构建起从孕期、月子期、产后、0-3岁婴幼儿养育乃至养老的家庭全 周期护理服务体系。旗下旗舰品牌"圣贝拉母婴护理中心"专注于为高净值家庭提供全周期护理服务；"baby bella小贝拉"定位年轻家庭首选的月 子护理品牌；"Bella ISLA艾屿"则主打心理疗愈的女性全周期护理。此外，圣贝拉还通过收购广禾堂、投资杭州贝瑞斯美华妇儿医院等举措， 打通孕产营养赛道，布局产后医疗闭环，实现从"一顿月子餐"到"全生命周期健康"的转变。 而从招股书中披露的财务数据来看，圣贝拉的经营表现较为强劲。2021年至2023年，其销售额从3.90亿元增长至7.75亿元，营收也从2.59亿元 增至5.60亿元，涨幅分别达到99%和116%。进入2024年上半年，营收继续保持高速增长，达到3.58亿元，同比增长32%。在成立的第7年，也就 是2023年，圣贝拉已成功实现盈利，按经调整后的非国际财务报告准则（Non-IFRS）口径计算，2023 ...

据 IPO早知道消息，中国证监会国际合作司于5月15日披露了《 关于 SAINT BELLA Inc.（圣贝拉 有限公司）境外发行上市备案通知书 》。 2017年11月，首家圣贝拉月子中心在杭州开业。截至2024年12月21日，圣贝拉在圣贝拉、Bella Isla及小贝拉品牌名下拥有72家高端月子中心，包括58家自营中心(即由圣贝拉全资拥有或控股的中 心)以及14家管理中心(即由第三方全资拥有或控股并由圣贝拉管理的中心)。其中，2021年至2023 年、以及2024年上半年，圣贝拉分别增加了10、11、7家以及17家自有或管理中心。 根据弗若斯特沙利文报告， 2023年圣贝拉拥有中国最大的高端月子中心网络，且就收入而言，圣贝 拉在杭州和上海等多个城市拥有领先市场份额。此外，通过于2022年1月在香港增设第一家管理中 心、于2023年10月在新加坡增设了第一家自有海外中心以及于2024年5月在美国大洛杉矶地区增设 第一家管理海外中心，圣贝拉扩大了全球影响力，成为中国内地首家拓展中国内地以外地区的月子中 心运营商 。 除月子中心外，圣贝拉另有家庭护理服务和女性健康功能性食品两大业务——前者为2018年推出的 「予 ...

| 索 引 号 | | bm56000001/2025-00006069 | 分 | | --- | --- | --- | --- | | 发布机构 | | | 发文E | | 名 | 称 | 关于SAINT BELLA Inc. (圣贝拉有限公司) 境外发行上市备案通知书 | | | 文 | 록 | 国合函[2025]852号 | 主题 | 瑞财经 李兰5月15日，SAINT BELLA INC.（以下简称：圣贝拉）获中国证监会IPO备案，瑞银集团及中信证券为联席保荐人。 圣贝拉拟发行不超过1.92亿股境外上市普通股并在香港联合交易所上市。 招股书显示，圣贝拉是在中国经营领先产后护理及修复业务的家庭护理品牌集团，提供一系列的优质服务及产品。 2021年-2023年及2024年上半年，圣贝拉的营业收入分别为人民币2.59亿、4.72亿、5.60亿和3.58亿元，相应的净亏损分别为人民币1.22亿、4.12亿、2.39亿和 4.80亿元，2024上半年亏损扩大。 圣贝拉董事会由五名董事组成，包括一名执行董事、一名非执行董事及三名独立非执行董事。其中，向华为集团创办人、主席、执行董事兼首席执行官，负 责制订集团 ...

中国最大的产后护理及修复集团 。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 根据弗若斯特沙利文报告，2023年圣贝拉拥有中国最大的高端月子中心网络，且就收入而言，圣贝 拉在杭州和上海等多个城市拥有领先市场份额。 此外，通过于2022年1月在香港增设第一家管理中心、于2023年10月在新加坡增设了第一家自有海 外中心以及于2024年5月在美国大洛杉矶地区增设第一家管理海外中心， 圣贝拉扩大了全球影响 力，成为中国内地首家拓展中国内地以外地区的月子中心运营商 。 除月子中心外，圣贝拉另有家庭护理服务和女性健康功能性食品两大业务——前者为2018年推出的 「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；后者则 据IPO早知道消息，SAINT BELLA Inc.（以下简称"圣贝拉"）于2024年12月31日更新招股书，继 续推进港交所主板上市进程，瑞银集团和中信证券担任联席保荐人。 2017年11月，首家圣贝拉月子中心在杭州开业。截至2024年12月21日，圣贝拉在圣贝拉、Bella Isla及小贝拉品牌名下拥有72家高端月子中心，包括 ...