Core Viewpoint - LeShuShi Limited (02698.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 34.98 and closing at HKD 33, marking a 25.95% increase from the final offer price of HKD 26.20 [1] Fundraising and Use of Proceeds - LeShuShi issued a total of 90,884,000 shares, with 9,088,400 shares for public offering in Hong Kong and 81,795,600 shares for international offering [1] - The total amount raised was HKD 2,381.16 million, with a net amount of HKD 2,228.72 million after deducting estimated listing expenses of HKD 152.44 million [1] - The funds will be used to expand overall production capacity, upgrade production lines, and conduct marketing activities in Africa, Latin America, and Central Asia from 2026 to 2029 [2] - Additional uses include strategic acquisitions in the hygiene products sector, upgrading the CRM system, and hiring management consulting firms for market analysis and strategy execution from 2026 to 2029 [2] Key Investors - The cornerstone investors include Out, BA HM, Arc Avenue, Arcane Nexus, Beijing Shunao, CDH Emerging Markets, HCEP Funds, NewTrails Capital, Southern Fund, and others [2] Financial Performance - LeShuShi's revenue for the years 2022, 2023, 2024, and the first four months of 2025 were USD 320 million, USD 411 million, USD 454 million, and USD 161 million respectively, with corresponding profits of USD 18.39 million, USD 64.68 million, USD 95.11 million, and USD 31.10 million [3] - The net cash generated from operating activities for the same periods were USD 13.57 million, USD 95.98 million, USD 110 million, and USD 32.33 million respectively [4]

Core Viewpoint - LeShuShi Limited (02698.HK) was listed on the Hong Kong Stock Exchange, opening at HKD 34.98 and closing at HKD 33, marking a 25.95% increase from its final offering price of HKD 26.20 [1][3]. Group 1: IPO Details - The total number of shares offered by LeShuShi was 90,884,000, with 9,088,400 shares available for public offering in Hong Kong and 81,795,600 shares for international offering [2]. - The total amount raised from the IPO was HKD 2,381.16 million, with net proceeds amounting to HKD 2,228.72 million after deducting estimated listing expenses of HKD 152.44 million [3][4]. Group 2: Use of Proceeds - The funds raised will be used to expand overall production capacity and upgrade production lines, as well as for marketing and promotional activities in Africa, Latin America, and Central Asia from 2026 to 2029 [4]. - Additional allocations include strategic acquisitions in the hygiene products sector, upgrading the company's CRM system, and hiring management consulting firms for market analysis and strategy execution in new markets such as Peru, Mexico, El Salvador, and Kazakhstan [4]. Group 3: Financial Performance - LeShuShi reported revenues of USD 320 million, USD 411 million, USD 454 million, and USD 161 million for the years 2022, 2023, 2024, and the first four months of 2025, respectively [9]. - The corresponding profits for the same periods were USD 18.39 million, USD 64.68 million, USD 95.11 million, and USD 31.10 million [9][10].