Core Insights - The overall consumption environment is challenging, yet the company remains unaffected, showcasing confidence in the tea industry's performance in Fuding City [1] - Fuding City's tea industry is projected to exceed a comprehensive output value of 15.5 billion yuan in 2024, with a brand value of 7.066 billion yuan, maintaining a top position in China's tea brand value rankings for fifteen consecutive years [1] Quality Improvement - The success of Pinpinxiang is attributed to its commitment to product quality, reflecting a broader quality upgrade in the Fuding white tea industry [2] - Fuding City has implemented a ban on chemical pesticides in tea gardens and established a comprehensive data traceability platform covering 360,000 acres of tea gardens and 77,000 tea farmers [2] Technological Innovation - The company has introduced an automated white tea refining production line, which processes the equivalent of 50 skilled workers per hour [3] - Fuding City has been recognized as a "National Tea Science and Technology Innovation Demonstration County," with technological innovations improving production efficiency by 40% [3] Market Expansion - The company has strategically partnered with the China Open Tennis Tournament and collaborated with well-known brands to diversify sales channels, targeting the Z generation [4] - In 2024, the Douyin platform recorded over 5 billion views on Fuding white tea topics, with top influencers achieving sales exceeding 5 million yuan in a single live stream [4] Cultural Integration - The Fuding white tea industry is undergoing a rapid modernization, integrating various sectors such as sports, tourism, and technology [5] - By 2025, Fuding white tea culture is expected to be recognized as a global important agricultural cultural heritage, symbolizing a cultural identity and lifestyle beyond just a product [5]

Core Insights - A new company, Jiangxi Xieli Xiaochacha Tea Industry Co., Ltd., has been established with a registered capital of 2 million RMB [1] - The legal representative of the company is Zhang Meiju [1] - The company's business scope includes tea product production, food sales, tea planting, and various technical services [1] Business Scope - The company is authorized to produce tea products and sell food, subject to necessary approvals [1] - General business activities include tea planting, agricultural product sales, tea utensils sales, and primary agricultural product acquisition [1] - The company can also engage in technology services, development, consulting, exchange, transfer, and promotion [1]

Core Insights - A new company, Jiujiang Wulixunqing Tea Industry Co., Ltd., has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Zou Junhao [1] Business Scope - The company is involved in various licensed activities including alcoholic beverage operations, food sales, tea product manufacturing, and internet sales of food products [1] - It also engages in general activities such as wholesale and retail of edible agricultural products, initial processing of edible agricultural products, tea cultivation, and fresh fruit wholesale and retail [1] - Additional services include home goods sales, information consulting (excluding licensed information consulting), enterprise management consulting, trade brokerage, domestic trade agency, conference and exhibition services, and advertising services [1]

天眼查App显示，近日，泾县翌境茶业有限公司成立，法定代表人为伍向阳，注册资本81万人民币，经 营范围为一般项目：茶叶种植；农副产品销售；旅游开发项目策划咨询；旅行社服务网点旅游招徕、咨 询服务；农村民间工艺及制品、休闲农业和乡村旅游资源的开发经营；休闲观光活动；会议及展览服 务；食用农产品批发；土石方工程施工；食品销售（仅销售预包装食品）（除许可业务外，可自主依法 经营法律法规非禁止或限制的项目）许可项目：餐饮服务；家禽饲养；茶叶制品生产；饮料生产（依法 须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件 为准）。 ...

天眼查App显示，近日，景洪上喜茶廷茶业（个体工商户）成立，法定代表人为谢艳，注册资本5万人 民币，经营范围为一般项目：农副产品销售；茶具销售；食用农产品零售；食用农产品批发；初级农产 品收购；包装服务；农产品的生产、销售、加工、运输、贮藏及其他相关服务；食品销售（仅销售预包 装食品）；互联网销售（除销售需要许可的商品）。（除依法须经批准的项目外，凭营业执照依法自主 开展经营活动）许可项目：食品销售；食品互联网销售。（依法须经批准的项目，经相关部门批准后方 可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）。 ...

Core Insights - Changning Sangge Yaotian Tea Industry Co., Ltd. has been established with a registered capital of 200,000 RMB [1] - The legal representative of the company is Zhang Ze [1] Business Scope - The company engages in various activities including retail of edible agricultural products, tea cultivation, and sales of tea utensils [1] - It also involves in the sale of pre-packaged food, agricultural products, procurement agency services, and internet sales (excluding items requiring permits) [1] - Additional services include mechanical and network equipment sales, cultural and artistic exchange organization, film production services, and advertising services [1] - The company provides digital content production services (excluding publishing), etiquette services, personal business services, and conference and exhibition services [1] - It offers consulting and planning services, marketing planning, corporate image planning, and IoT technology services [1] - Business training (excluding education and vocational skills training requiring permits) and daily necessities sales are also part of its operations [1] - The company is authorized to conduct business activities independently based on its business license, except for projects requiring approval [1]

Core Viewpoint - The upcoming exhibitions in Zhengzhou are expected to showcase both emerging industries and local advantageous industries, contributing to the city's economic vitality and development momentum [1] Industry Summary - The Zhengzhou International Convention and Exhibition Center will host a series of exhibitions in October, including: - The 6th Zhengzhou ACC Animation Exhibition from October 2 to 4 - The 9th Central Plains International Pet Supply Chain Expo and the 25th Zhengzhou Beauty and Cosmetics Industry Expo from October 10 to 12 - The 21st China (Zhengzhou) International Tea Industry Expo and Beverage Exhibition from October 10 to 13 - The 27th China International Software Expo and the 3rd Central Plains Zhengzhou International Aluminum Industry Exhibition from October 15 to 17 - The Central China Printing and Packaging Expo and the Central China Plastics and Rubber Industry Expo from October 17 to 19 - The China (Zhengzhou) Tourism Leisure and Entertainment Industry Expo from October 22 to 24 - The Global Meat Industry Expo from October 28 to 30 [1] Economic Impact - Industry insiders believe that the exhibition economy serves as a resilient link connecting global market resources and opportunities while stimulating local industry innovation and development, positioning it as a new engine for high-quality development in Zhengzhou [1]

Group 1 - A new company, Jiangmen Xinhui Gengxu Chenpi Tea Industry Co., Ltd., has been established with a registered capital of 500,000 RMB [1] - The company's business scope includes the sale of Chenpi, tea cultivation, tree planting, fruit cultivation, and retail of fresh fruits [1] - The company is also involved in the wholesale and retail of edible agricultural products, initial processing of agricultural products, and import-export of goods and technology [1] Group 2 - The company engages in the production and sale of food products, including pre-packaged foods and seasoning products [1] - It also focuses on the production of tea products and the purchase and sale of traditional Chinese medicinal herbs (excluding Chinese medicinal pieces) [1]

天眼查App显示，近日，岳阳市城陵矶新港区星辰茶屿茶业店（个体工商户）成立，法定代表人为虢 姣，注册资本10万人民币，经营范围为许可项目：食品销售；酒类经营。（依法须经批准的项目，经相 关部门批准后方可开展经营活动，具体经营项目以相关部门批准文件或许可证件为准）一般项目：茶具 销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Core Viewpoint - Baima Tea Industry, founded in 1997, is accelerating its IPO process to enter the Hong Kong stock market by 2025, supported by Huatai International, Agricultural Bank of China International, and Tianfeng International as joint sponsors [1] Group 1: Industry Position and Brand Recognition - Baima Tea Industry is recognized as a benchmark enterprise in China's high-end tea market, with a comprehensive product system covering six major tea categories [5] - The brand "Baima Tea Industry" has been recognized as a "China Famous Trademark" since 2010, and its sub-brand "Xinjihao" is expected to enter the "Chinese Time-honored Brand" list in 2024 [5] - According to the "China Tea Chain Industry Report," Baima Tea's brand awareness ranked first in the industry in 2024, and customer satisfaction has been at the top for two consecutive years from 2023 to 2024 [5] Group 2: Market Competitiveness - Baima Tea holds a leading position in sales within the high-end tea market, ranking first in both the Oolong tea and black tea markets based on 2023 sales revenue [5] - The company has maintained the highest sales volume of Tieguanyin for over ten years and has led in rock tea sales for five consecutive years, with brand preference ranking first in both overall and high-end markets [5] Group 3: Distribution and Supply Chain - Baima Tea has established a robust distribution network with 3,501 offline stores across 292 cities, including over 270 direct-operated stores and 3,220 franchised stores [6] - The online presence includes 92 direct-operated stores covering major platforms and WeChat mini-programs, with nearly 40 million fans and over 26 million members [6] - The company has two production bases in Anxi and Wuyi Mountain, covering a total area of 160,000 square meters, and has participated in setting multiple national and local standards [6] Group 4: Financial Performance - From 2022 to 2023, Baima Tea's revenue increased from 1.818 billion to 2.122 billion yuan, a growth of 16.8% [6] - In the first three quarters of 2024, revenue reached 1.647 billion yuan, showing steady improvement compared to the previous year [6] - Gross profit rose from 970 million to 1.111 billion yuan during the same period, with a gross margin of 55.3% in the first three quarters of 2024 [6] - Net profit increased from 166 million to 206 million yuan, with a net profit margin rising from 12.0% to 12.6% [6] Group 5: Future Outlook - Baima Tea's IPO progress not only represents a significant leap for the company but also injects continuous momentum into the branding and scaling development of the Chinese tea industry [7] - The IPO is expected to become an important milestone in the development of the industry [7]