Core Viewpoint - Pitanium Limited, a high-end personal care product retail company from Hong Kong, successfully listed on NASDAQ on May 30, 2025, with a focus on the U.S. market while currently not selling products in mainland China [1][2]. Financial Performance - For the fiscal year ending September 30, 2024, Pitanium Limited reported revenues of 68.6962 million HKD and a net profit of 8.1561 million HKD, reflecting a revenue growth of 9.87% but a net profit decline of 13.25% compared to the previous fiscal year [5][11]. - The company's gross profit for the fiscal years 2023 and 2024 was 50.8418 million HKD and 55.7599 million HKD, respectively, maintaining a gross margin above 81% [5][7]. Product Overview - Pitanium Limited operates two main brands: PITANIUM and BIG PI, with a product range that includes skincare, haircare, and personal care items. The price range for PITANIUM products is between 215.77 HKD and 2049.81 HKD, while BIG PI products range from 215.77 HKD to 1510.38 HKD [2][4]. - Skincare products accounted for 47.27% and 54.05% of total revenue in the fiscal years 2023 and 2024, respectively, while haircare products contributed 24.92% and 21.39% [7][8]. Sales Channels - Pitanium Limited employs a balanced sales strategy with online and offline channels contributing equally to revenue. Online sales were 32.6044 million HKD and 34.064 million HKD for the fiscal years 2023 and 2024, while offline sales were 29.9185 million HKD and 34.6322 million HKD [9][10]. IPO Details - The company raised a total of 7 million USD (approximately 50.3181 million HKD) through its IPO, selling 1.75 million shares at a price of 4 USD per share. As of June 2, the stock price was 4.05 USD, giving the company a market capitalization of 92.14 million USD (approximately 662 million HKD) [11].