作为中国调味品行业龙头，海天味业近日正式启动港股IPO，计划于6月19日在香港联交所主板挂牌。 此次发行创下今年消费行业港股IPO规模新高，仅次于同期宁德时代的第二大港股IPO项目，吸引高瓴 资本、新加坡GIC、瑞银资管等全球顶级机构组成的豪华基石团队，合计认购近47亿港元，占比约 50%，彰显国际资本对中国消费龙头的认可。 自2014年A股上市以来，海天味业凭借稳健增长成为市场"优等生"。十年间，其营收从98亿元增长至 269亿元，增幅达174%；2024年，在宏观经济承压背景下仍实现营收269亿元、净利润63.44亿元，同比 分别增长9.53%和12.75%；2025年一季度延续增长态势，营收83.15亿元、净利润22.02亿元，同比增幅 超8%和14%。据弗若斯特沙利文数据，2024年其以4.8%的市场份额领跑行业，相当于第二名的两倍， 酱油和蚝油销量更位居全球第一。 海天的竞争力源于全方位壁垒。产品端，其拥有超1400个SKU，7个单品年销售额破10亿，酱油连续28 年市场第一，蚝油、调味酱等品类持续扩张；品牌方面，作为首批中华老字号，海天覆盖80%中国家 庭，四款产品获"顶级美味奖"（美食界"奥斯卡 ...

Group 1 - Company Hai Tian Wei Ye has officially launched a global public offering and is set to list on the Hong Kong Stock Exchange on June 19, marking it as the largest IPO in the consumer sector this year and the second largest overall in the Hong Kong market after Ningde Times [1] - The cornerstone investor lineup for the IPO includes prestigious institutions such as Hillhouse Capital, GIC, UBS Asset Management, and Sequoia, with a total subscription of 129 million shares and an investment amount nearing 4.7 billion HKD, representing almost 50% of the offering [1][2] - Hai Tian Wei Ye has demonstrated strong financial performance, with revenue growth from 9.8 billion CNY in 2014 to 26.9 billion CNY in 2024, achieving a 174% increase over ten years, and a 9.53% year-on-year growth in 2024 [2][3] Group 2 - The company is pursuing a global strategy, capitalizing on the growing international demand for Chinese condiments, and has introduced organic and gluten-free products that meet international standards [3][4] - Hai Tian Wei Ye's dual listing in A+H shares is expected to enhance its global brand influence and attract more international investors, facilitating future overseas acquisitions and channel development [4] - The company has established a comprehensive competitive advantage in product quality, brand recognition, distribution channels, and innovation, making it a benchmark in the Chinese condiment industry [4][5] Group 3 - Hai Tian Wei Ye boasts a diverse product matrix with over 1,400 SKUs, including seven products with annual sales exceeding 1 billion CNY, and maintains a leading market position in soy sauce for 27 consecutive years [5][6] - The company invests significantly in R&D, with 840 million CNY allocated in 2024, and has accumulated over 1,000 patents, positioning itself as a leader in the condiment sector [6] - Hai Tian Wei Ye's production capacity reaches 5 million tons annually, supported by four major production bases, and it actively promotes sustainable practices and social responsibility [6]