The Hang Seng Index fell 0.1% this week to close at 20,697.36 points.
The IPO market in Hong Kong stocks recovered slightly this week, with a total of 6 new stocks submitted and 1 new stock offering. Among them, Youhe Group (02347.HK)$, as one of the leading market players in Hong Kong’s business-to-consumer (B2C) e-commerce industry, will officially land on the Hong Kong Stock Exchange on June 10.
The new shares submitted include Weipaitang, an online trading platform that connects Wenwan merchants with enthusiasts, Yaoshibang , a digital comprehensive service platform for the domestic and foreign pharmaceutical industry, and Youbao Online , the largest unmanned retail operator in China.
A total of 6 new stocks submitted this week.
Hanlong Group is located in Shaanxi Province, China. All its products come from Qiligou, a mining project. The products are mainly used in the fields of construction and architectural decoration. According to Frost & Sullivan, the company’s Qiligou project is one of the few black series granite mines in China with an approved production capacity and actual production exceeding 100,000 cubic meters per year, and the company is the only one in Shaanxi with an approved annual production capacity of 100,000 cubic meters meters or more of black granite companies, which have surpassed many competitors in the granite industry.
Pharmacist Help locates a digital comprehensive service platform for the out-of-hospital pharmaceutical industry, focuses on improving the efficiency of drug circulation in the out-of-hospital market, and is committed to providing abundant and accessible drugs and efficient and convenient digital tools for more than 1 million grassroots pharmacies, clinics, and clinics.
The business model of Pharmacist is centered on its own platform business and self-operated business, and is supported by a series of other innovative businesses. The GMV of Pharmacist Bang will reach 27.5 billion yuan in 2021, with a compound annual growth rate of 42.9% since 2019. Both figures rank first among Chinese out-of-hospital digital pharmaceutical industry service platforms.
Deutsche Bank is a service provider and a major market player in China’s commercial vehicle service industry, and it is also a rare value-added service provider in the industry that can provide integrated and comprehensive solutions around the entire commercial vehicle industry chain. According to Frost & Sullivan Report. The company’s comprehensive business portfolio currently includes: logistics and supply chain services, supply chain financial services, Internet of Vehicles and data services.
Weipaitang is a Wenwan e-commerce platform established in 2014. It is the largest Wenwan e-commerce platform in China. It mainly promotes jade jewelry, handicrafts, coins and stamps, purple sand ceramics, tea and wine products through photo auctions and live auctions. Calligraphy and seal cutting and other literary and play collections are traded. In 2021, the GMV of Wenwan transactions facilitated by Weipaitang will reach RMB 40.5 billion.
At the same time, as of December 31, 2021, the number of registered users of Weipaitang exceeded 74 million, and the number of registered merchants exceeded 331,000. In 2021, the number of active buyers will exceed 3.9 million, the number of active merchants will exceed 78,000, and the total number of orders will exceed 85.2 million.
Pearl Spring Garden is mainly engaged in the provision of landscaping and municipal construction services in Nanjing City, Jiangsu Province. During the Track Record Period, it has completed a total of 53 projects, of which 44 projects were landscaping construction projects and nine projects were municipal construction projects.
Since its establishment in 2011, Youbao Online is mainly composed of smart retail business, supply chain operation service, and digital value-added business. Among them, most of Youbao’s revenue comes from smart retail business. In 2019, 2020 and 2021, the revenue generated by smart retail business accounted for 56.5%, 70.3% and 71.6%, respectively.
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This week, only $ Youhe Group (02347.HK) $ IPO, is still under subscription, will be listed on June 10th.
Youhe Group ranks first among the e-commerce platforms in Hong Kong focusing on electronic products and household appliances, and has recorded the highest online sales in the retail industry of electronic products and household appliances among all e-commerce platforms in Hong Kong, with a market share of approximately 5.6%. The Company also ranked second and third respectively among all e-commerce platforms in Hong Kong in terms of website traffic and overall retail online sales in FY20/21 (market share of approximately 1.8%). Electronic products and home appliances have been one of the major product types in the retail e-commerce industry in Hong Kong, accounting for approximately 31.3% of the total online sales of the retail industry in FY20/21.
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