香江电器是生活家居用品制造商，其大部分收益来自厨房小家电的销售。公司以ODM/OEM模式营运，客户包括沃尔玛、 Telebrands、Sensio、飞利浦等。据弗若斯特沙利文报告，以2024年出口额计算，公司为中国厨房小家电行业的第十大企业，拥有 0.8%的市场份额。 公司专注电器类家居用品及非电器类家居用品的研发、设计、生产与销售。其中，香江电器的电器类家居用品包括电烤炉、空气 炸锅、电热水壶、搅拌机、打蛋器、电动开罐器、电子秤、加湿器、激光灯等，同时公司还提供花园水管、锅具等非电器类家居 用品。 具体来看，2022财年、2023财年、2024财年（简称"报告期"），香江电器来自电器类家居用品的营收占比在80%左右，占比较 大，非电器类家居用品的营收占比相对较低。 | | 2022財政年度 | | 2023財政年度 | | 2024財政年度 | | | --- | --- | --- | --- | --- | --- | --- | | | 人民幣千元 | 96 | 人民幣千元 | % | 人民幣千元 | % | | 電器類家居用品 | | | | | | | | 一雷熱類家電 | 459.013 | 4 ...

来源|贝多财经 湖北又增加一家上市公司。 6月25日，湖北香江电器股份有限公司（下称"香江电器"，HK:02619）在港交所上市。本次上市，香江 电器的发行价为2.86港元/股，全球发售约6822万H股，募资总额约为1.95亿港元，募资净额约1.56亿港 元。 上市首日，香江电器的开盘价为2.65港元/股，市值约7.2亿港元。而按发行价计算，香江电器的市值约 为7.8亿港元。本次上市，香江电器引入了3名基石投资者，合共认购该公司人民币8000万元的股份。 天眼查App信息显示，香江电器成立于2012年7月，位于湖北省黄冈市。目前，该公司的注册资本约为 2.05亿元，法定代表人为潘允，主要股东包括潘允、蕲春华钰科技管理中心（有限合伙）等。 据招股书介绍，香江电器是一家生活家居用品制造商。目前，香江电器主要以ODM/OEM模式运营，客 户群包括沃尔玛、Telebrands、SEB Asia Ltd （「SEB」）、Sensio、Hamilton Beach及飞利浦等。 具体而言，香江电器专注电器类家居用品及非电器类家居用品的研发、设计、生产与销售，尤其是厨房 小家电。根据弗若斯特沙利文报告，以2024年出口额计算 ...

Core Viewpoint - Hubei Xiangjiang Electric Co., Ltd. has passed the Hong Kong Stock Exchange listing hearing, moving closer to its IPO after previously withdrawing its application from the Shenzhen Stock Exchange [2] Group 1: Company Overview - Xiangjiang Electric was established in 2012, evolving from Xiangjiang Plastic founded in 1990, initially focusing on OEM processing before expanding into the research and production of electrical home appliances [2] - The company is primarily engaged in OBM business since 2016, selling its own brands such as Weimaisi and Accuteck, mainly through e-commerce platforms [2] - The founder, Pan Yun, holds 54.07% of the company shares, with Pan and his family controlling over 80% of the equity and 100% of the voting rights [2] Group 2: Financial Performance - Revenue figures for Xiangjiang Electric from 2022 to 2024 are projected at 1.097 billion, 1.188 billion, and 1.502 billion yuan, with a year-on-year growth rate of 26.36% in 2024 [3] - Net profit for the same period is estimated at approximately 80 million, 121 million, and 140 million yuan, with a year-on-year growth rate of 15.61% in 2024 [3] Group 3: Market Position - Xiangjiang Electric holds a significant position in China's kitchen small appliance export sector, particularly in the electric kettle market for the U.S. and Canada, ranking tenth in the industry with a market share of 0.8% based on 2024 export value [4] - The company has delivered products to over 70 countries and regions across six continents, with North America being its largest market, accounting for 71.2%, 83.6%, and 83.7% of total revenue from 2022 to 2024 [4] - Customer concentration is high, with the top five customers contributing to 62.4%, 72.4%, and 77.9% of total revenue from 2022 to 2024, and the largest customer accounting for 21.3%, 28.5%, and 24.1% of total revenue in the same period [4] Group 4: Production Expansion - To mitigate risks, Xiangjiang Electric has established two production bases in Southeast Asia, with a facility in Indonesia expected to commence operations in Q2 2025, focusing on manufacturing air fryers and other electric appliances [5] - The company plans to build another production base in Thailand, covering approximately 25,000 square meters, with new automated assembly lines for electric products and garden hoses, expected to start production in the second half of this year and undergo acceptance testing by September next year [5]

格隆汇6月17日丨香江电器(02619.HK)发布公告，公司拟全球发售6822万股H股(视乎超额配股权行使与 否而定)，中国香港发售股份682.2万股，国际发售股份6139.8万股；2025年6月17日至6月20日招股，预 期定价日为6月23日；发售价将为每股发售股份2.86-3.35港元，每手买卖单位为1000股，国金证券(香港) 为独家保荐人；预期股份将于2025年6月25日开始在联交所买卖。 集团估计将收取全球发售所得款项净额约1.718亿港元，并假设发售价为每股H股3.11港元(即指示性发 售价范围的中位数)及超额配股权未获行使。为配合集团的策略，集团拟动用全球发售所得款项净额约 41.9%用于设立泰国厂房以增强全球布局；约15.8%将用于自动化与数字化升级改造以实现可持续增 长；约37.3%将用于设立新研发中心；以及所得款项净额约5.0%将用作集团的一般营运资金。 集团已订立基石投资协议，据此，基石投资者已同意在若干条件的规限下，按发售价认购或促使各自的 指定实体认购下表所载列的有关数目的发售股份。假设发售价为每股H股3.11港元(即本招股章程所载指 示性发售价范围的中位数)，基石投资者将认购的发售 ...

Group 1 - The company, 香江电器, plans to conduct an IPO from June 17 to June 20, 2025, offering 68.22 million shares, with 10% allocated for Hong Kong and 90% for international sales. The expected share price ranges from HKD 2.86 to HKD 3.35, with trading commencing on June 25, 2025 [1] - The company operates primarily in the ODM/OEM model and has established a customer base comprising globally recognized brands such as Walmart, Telebrands, SEB Asia Ltd, Sensio, Hamilton Beach, and Philips. The majority of its revenue comes from kitchen small appliances [1] - According to a report by Frost & Sullivan, the company ranks as the tenth largest player in China's kitchen small appliance industry with a market share of 0.8% based on export value in 2024 [1] Group 2 - The company focuses on the research, design, production, and sales of both electrical and non-electrical home products. Electrical home products are categorized into three main types: (i) heating appliances like electric ovens, air fryers, and electric kettles; (ii) electric appliances like mixers, egg beaters, and electric can openers; and (iii) electronic appliances like electronic scales, humidifiers, and laser lights. Non-electrical home products include garden hoses and cookware [2] - The company has entered into cornerstone investment agreements, with cornerstone investors agreeing to subscribe for approximately 27.6 million shares, representing about 40.46% of the total shares offered, assuming a median offer price of HKD 3.11 per share [2] Group 3 - The company estimates that the net proceeds from the global offering will be approximately HKD 172 million (around RMB 159 million), assuming the median offer price of HKD 3.11 per share and that the over-allotment option is not exercised. The proceeds will be allocated as follows: approximately RMB 66.4 million (about HKD 71.9 million) for establishing a factory in Thailand, RMB 25.1 million (about HKD 27.2 million) for automation and digital upgrades, RMB 59.1 million (about HKD 64.1 million) for setting up a new R&D center, and RMB 7.9 million (about HKD 8.6 million) for general working capital [3]

"没有成功的企业，只有时代的企业。"站在全球电器制造的尖端，海尔创始人张瑞敏很早之前就曾分享了这么一个观点。 时至今日，美的、海尔、格力等家电头部企业早已凭借规模、创新、品牌力等多方位优势成为全球电器赛道不可或缺的力量；同时，苏泊尔、石头科技 等细分创意型玩家也在时代的变迁中找到属于自己的位置。 而当国产品牌重构全球家电产业格局的背景下，其实还有很多中尾部玩家仍在奋力转型谋得新生机。 日前湖北香江电器股份有限公司（以下简称"香江电器"）再度向港交所递交主板上市申请，试图通过资本市场实现从代工企业向自主品牌的转型跨越。 香江电器最早可以溯源到90年代初成立的一家塑料制品公司，此次公司同样是以代工生产模式，经营气泡袋、化妆盒、镜子等包装类和塑胶类小型产 品，主要聚焦家居用品行业。 海尔、美的等电器类企业崛起后，香江塑料开始慢慢转型到电器类家居赛道，并在2012年正式成立了香江电器。 据眼查APP资料，香江电器是一家专注于品质生活家居用品的研发、设计、生产与销售的企业，以ODM/OEM模式运营，主营产品涵盖电器类家居用品 和非电器类家居用品两大类。 其中，贡献始终贡献了七成以上收入的电器类家居用品主要分为三大类，即 ...