Core Insights - The company, Zhengpin Holdings, primarily engages in the development, sales, marketing, and distribution of health and beauty supplements and products in Hong Kong, outsourcing production to suppliers [3][4] - Zhengpin Holdings ranks seventh among local suppliers in Hong Kong's health and beauty supplement market with a market share of approximately 1.6% as of 2024 [3] - The company has a diverse product portfolio catering to various age groups and focuses on niche markets such as deer-related health supplements and pain relief products [3][4] Market Position - In the deer-related health supplement market, Zhengpin Holdings holds the top position with a market share of about 29.4% in 2024 [4] - The company's proprietary brand "Yantongxiao" is among the top five best-selling joint and pain relief supplements at Mannings retail stores [4] - Zhengpin Holdings operates six proprietary brands and six third-party brands, indicating a broad market presence [4] Financial Performance - The company reported revenues of approximately HKD 43.19 million, HKD 110 million, and HKD 130 million for the fiscal years 2023, 2024, and 2025, respectively [5][6] - Net profit and total comprehensive income for the same periods were approximately HKD 11.31 million, HKD 35.48 million, and HKD 36.26 million [5][6] - The gross profit margins for the fiscal years 2023 and 2024 were HKD 35.24 million and HKD 86.19 million, respectively, indicating a significant increase in profitability [6]