Core Viewpoint - SAINT BELLA Inc. is the first postpartum care center operator in mainland China to expand outside the region, with a significant presence in high-end maternity care services and a growing international footprint [2][3]. Group 1: Company Overview - SAINT BELLA Inc. operates under the brands of Saint Bella, Bella Isla, and Xiao Bella, with a total of 96 high-end postpartum care centers as of June 3, 2025, including 62 self-operated and 34 managed centers [2]. - The company has expanded its international presence by opening its first management center in Hong Kong in January 2022, a self-owned center in Singapore in October 2023, and a management center in the Greater Los Angeles area in May 2024 [3]. Group 2: Business Segments - In addition to postpartum care centers, SAINT BELLA offers family care services under the "Yu Jia" brand and functional health foods for women, having acquired the "Guang He Tang" brand in October 2021 [4]. - Approximately 84% of postpartum care service clients also paid for other services or products from SAINT BELLA in the first four months of 2024, indicating a strong customer retention and lifecycle value [4]. Group 3: Financial Performance - The revenue for SAINT BELLA from 2022 to 2024 was reported as 472 million, 560 million, and 799 million yuan respectively [5]. - The total contract value for all business lines from 2022 to 2024 was 589 million, 776 million, and 976 million yuan, with self-operated postpartum care center contracts valued at 500 million, 640 million, and 760 million yuan [5]. - The company achieved a turnaround in 2023 with an adjusted net profit of 20.77 million yuan, which is expected to increase to 42.25 million yuan in 2024 [6]. Group 4: Investment and IPO Plans - SAINT BELLA has received investments from notable institutions including Tencent, Gao Rong Capital, and others, with Tencent and Gao Rong holding 11.6% and 8.3% of shares respectively prior to the IPO [7][8]. - The funds raised from the IPO will be primarily used for expanding the postpartum care network, opening new centers, integrating competitors, launching new services and products, recruiting and training family care experts, and developing IT platforms to enhance operational efficiency [8].

Core Viewpoint - Saint Bella Inc. is positioned as the largest high-end confinement center network in China, with significant growth in both domestic and international markets [2][3]. Group 1: Business Overview - As of December 21, 2024, Saint Bella operates 72 high-end confinement centers under various brands, including 58 self-operated and 14 managed centers [2]. - The company has expanded its global footprint by opening its first overseas management center in Hong Kong in January 2022, a self-owned center in Singapore in October 2023, and a management center in the Greater Los Angeles area in May 2024 [3]. Group 2: Service Offerings - In addition to confinement centers, Saint Bella offers family care services under the "Yujia" brand and functional health foods for women, having acquired the "Guanghetang" brand in October 2021 [3][4]. - Approximately 87% of postpartum care service clients have also paid for other services or products from Saint Bella, indicating a strong customer retention and lifecycle value [4]. Group 3: Financial Performance - Revenue figures for Saint Bella from 2021 to 2023 were 259 million, 472 million, and 560 million CNY, respectively, with a 32% increase in the first half of 2024 to 358 million CNY compared to the same period in 2023 [4][5]. - The total contract value for all business lines from 2021 to 2024 was 390 million, 589 million, 776 million, and 486 million CNY, respectively, with a 34.6% increase in the contract value for confinement centers in the first half of 2024 [5]. Group 4: Profitability - In 2023, Saint Bella achieved profitability with an adjusted net profit of 20.77 million CNY, which increased by 122.4% to 17.15 million CNY in the first half of 2024 compared to the same period in 2023 [5]. Group 5: Investment and IPO Plans - Major investors include Tencent and Gao Rong Capital, holding 11.6% and 8.3% of shares, respectively [6]. - The funds raised from the IPO will be used to expand the postpartum care network, open new confinement centers, integrate competitors, and develop new services and products [6].

中国最大的产后护理及修复集团 。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 根据弗若斯特沙利文报告，2023年圣贝拉拥有中国最大的高端月子中心网络，且就收入而言，圣贝 拉在杭州和上海等多个城市拥有领先市场份额。 此外，通过于2022年1月在香港增设第一家管理中心、于2023年10月在新加坡增设了第一家自有海 外中心以及于2024年5月在美国大洛杉矶地区增设第一家管理海外中心， 圣贝拉扩大了全球影响 力，成为中国内地首家拓展中国内地以外地区的月子中心运营商 。 除月子中心外，圣贝拉另有家庭护理服务和女性健康功能性食品两大业务——前者为2018年推出的 「予家」品牌，其可按定制化基础解决客户的特殊家庭护理需求并拓展客户的生命周期价值；后者则 据IPO早知道消息，SAINT BELLA Inc.（以下简称"圣贝拉"）于2024年12月31日更新招股书，继 续推进港交所主板上市进程，瑞银集团和中信证券担任联席保荐人。 2017年11月，首家圣贝拉月子中心在杭州开业。截至2024年12月21日，圣贝拉在圣贝拉、Bella Isla及小贝拉品牌名下拥有72家高端月子中心，包括 ...