Core Viewpoint - Hongxing Cold Chain (01641) has successfully listed its shares at a price of HKD 12.26, raising approximately HKD 252 million, with a significant initial trading increase of 59.71% to HKD 19.58 [1] Company Overview - Hongxing Cold Chain is headquartered in Changsha, Hunan Province, specializing in frozen food trading platforms and cold storage services [1] - The company is the largest service provider in the central region of China and Hunan Province in the frozen food storage service sector, holding market shares of 2.6% and 13.6% respectively [1] - In the frozen food store leasing service sector, Hongxing Cold Chain ranks as the second largest in the central region and the largest in Hunan Province, with market shares of 8.8% and 54.7% respectively [1] Operational Capacity - The company has established two major storage bases in Changsha, with a total designed storage capacity exceeding 1 million cubic meters and usable storage capacity of over 230,000 tons [1] - This scale provides a significant competitive advantage, making Hongxing Cold Chain the largest cold chain storage service provider in the central region and Hunan, serving over 700 clients and extending its business across eight provinces nationwide [1]

Core Viewpoint - Hongxing Cold Chain (01641) has successfully listed, with shares priced at HKD 12.26, raising approximately HKD 252 million, and has seen a significant increase of 59.71% to HKD 19.58 at the time of reporting [1] Company Overview - Hongxing Cold Chain is headquartered in Changsha, Hunan Province, specializing in frozen food trading platforms and cold storage services [1] - According to a report by Zhi Shi Consulting, the company is the largest service provider in the cold storage sector in Central China and Hunan Province, with market shares of 2.6% and 13.6% respectively, based on 2024 revenue [1] - In the frozen food store leasing service sector, Hongxing Cold Chain ranks as the second largest in Central China and the largest in Hunan Province, holding market shares of 8.8% and 54.7% respectively [1] Operational Capacity - The company has established two major storage bases in Changsha, with a total designed storage capacity exceeding 1 million cubic meters and usable storage capacity of over 230,000 tons [1] - This scale provides a significant competitive advantage, making Hongxing Cold Chain the largest cold chain storage service provider in Central China and Hunan, serving over 700 clients and extending its business across eight provinces nationwide [1]