Core Viewpoint - BERSHIHE Outdoor Sports Group Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with CICC and CITIC Securities as joint sponsors. The company aims to capitalize on the growing demand for high-performance outdoor apparel and equipment in China, projecting significant revenue growth in the coming years [2]. Financial Performance - BERSHIHE's revenue is projected to grow from RMB 378 million in 2022 to RMB 1.766 billion in 2024, representing a compound annual growth rate (CAGR) of 122.2% [2][3]. - The company's net profit is expected to increase from RMB 24.31 million in 2022 to RMB 283.08 million in 2024, with gross profit margins improving from 54.3% to 59.6% during the same period [3][4]. Market Position - By 2024, BERSHIHE's brand is anticipated to rank among the top three domestic high-performance outdoor apparel brands in mainland China, capturing a market share of 5.2% [2]. Sales and Marketing Strategy - BERSHIHE employs a direct-to-consumer (DTC) multi-channel sales model and has launched a marketing campaign featuring actor Cheng Yi, which generated approximately 1 billion views and 200 million interactions across online platforms within 14 hours of its announcement [2]. Investment and Valuation - BERSHIHE has completed two rounds of financing, with a post-B round valuation of RMB 2.8 billion. Investors include Tencent Investment and Qiming Venture Partners [4][5].