Core Viewpoint - Qingdao Haishen Hair Products Group Co., Ltd. is preparing for an IPO, focusing on the development, production, and sales of hair products, with a registered capital of 120 million yuan and a strong market presence in over 30 countries [1][2][3]. Company Overview - The company was established on June 19, 2020, with a registered capital of 120 million yuan [1][2]. - The controlling shareholder is Qingdao Haishen Holding Group Co., Ltd., holding 65.36% of the shares [1][3]. - The company operates in the hair products manufacturing industry, specifically in the category of cultural, artistic, sports, and entertainment products [1][4]. Product Range - The product offerings include women's wigs, men's hairpieces, hair curtains, hair bundles, and eyelashes, characterized by fashionable designs and high quality [3]. Market Presence - The company's products are sold in developed economies such as the UK, France, Germany, the US, Japan, and Australia, among others, reaching over 30 countries globally [3]. Financing History - Since its establishment, the company has completed multiple rounds of financing, with investors including Qingsong Capital and Caitong Venture Capital [4][6]. - Notable financing rounds include A-round investments from Qingsong Capital and Caitong Venture Capital in 2021 and 2022 [6].

Core Viewpoint - The company reported a revenue of 598 million yuan for the first half of 2025, reflecting a year-on-year growth of 4.20% [1] - The net profit attributable to shareholders reached 9.3759 million yuan, marking a year-on-year increase of 15.31% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 9.4457 million yuan, showing a year-on-year growth of 23.04% [1] - The basic earnings per share were reported at 0.0083 yuan [1]

Group 1: Core Insights - The 137th Canton Fair is a significant event showcasing Guangzhou's transition from a "thousand-year commercial city" to an "international consumption center" through innovation and industry collaboration [1] - Guangzhou's exhibition industry is integrated into the "12218" modern industrial system, becoming a key driver for high-quality urban economic development, with exhibition area reaching 11.86 million square meters in the previous year, a growth of 8.9% [1][6] - The Guangzhou International Hair Products Expo demonstrated the strong market potential of the hair products industry, with an intention to transact over 50 million RMB on the first day, attracting over 30,000 attendees [2] Group 2: Industry Integration - The exhibition industry in Guangzhou is becoming a hub connecting various industries, facilitating a shift from "selling globally" to "linking globally" [2][3] - The integration of exhibitions with cultural consumption has led to a surge in events like anime and gaming expos, which are crucial for driving consumer spending and diversification [4][5] - The Guangzhou government is actively supporting the exhibition industry through policies aimed at enhancing scale, internationalization, and digitization, with 358 exhibitions planned for 2024 [6] Group 3: Automotive Sector - The automotive market in Guangzhou is experiencing a consumption boom, with significant attendance at auto shows during the May Day holiday, showcasing various new models [7] - Policies such as trade-in incentives and promotional offers have significantly boosted consumer interest and sales in the automotive sector [7] - The synergy of policy, technology, and consumer demand is driving the automotive market's vitality, with a notable increase in inquiries and sales during the holiday period [7] Group 4: Sports and Technology Integration - The Canton Fair is facilitating the globalization of the sports industry, providing a platform for sports enterprises to explore overseas markets [9] - The integration of digital technology in sports is creating new opportunities for innovation and entrepreneurship, with the sports industry in Guangzhou exceeding 200 billion RMB in total scale [10] - Events like the "Guangzhou Sports Industry Innovation Development Forum" highlight the collaboration between technology and sports, showcasing advancements such as robotic applications in sports events [8][10]