Market NewsIPO Weekly report: here comes the new energy car company! In the IPO of Phoenix Motor, Weimar Motor handed over the table.| this week's IPO
Phoenix car: light / medium-sized electric vehicle manufacturer, going to the new energy tuyere
Founded in 2003, Phoenix Motors mainly produces electric buses and trucks, including school buses. Phoenix launched its first medium-sized electric transmission system in 2009 and sold its first commercial electric vehicle in 2014. In 2015, Phoenix began to refit and produce electric cars based on Ford's E450 chassis.
At the end of 2020, Sunshine bought the company with a commitment of $17 million in stock, cash and working capital. Peng Xiaofeng, chairman of Sunshine Power, said at the time that Phoenix had "enough capital to compete". He added that Sunshine expects Phoenix to achieve "substantial growth" in 2021, 2022 and beyond. According to Renaissance Capital, the company sold 104 electric vehicles as of last year.
Phoenix's electric sport utility trucks and SUVs are expensive, ranging from $165000 to $220000 each. Its electric cars have a maximum range of 160 miles (256 kilometers) and a minimum charging time of five to six hours. As of December 31, 2021, Phoenix had a backlog of about 63 orders, including 37 cars and 26 electric drive kits, which, if scheduled smoothly, would be equivalent to locking in revenue for some time in the future.
Youhe Group: website traffic ranks first in Hong Kong electronics and home appliance e-commerce platform.
Youwa Group is one of the leading market participants in the business-to-consumer (B2C) e-commerce industry in Hong Kong, with more than 23000 SKU items (mainly electronic products and home appliances) and a customer base with more than 807000 registered members as at the latest practicable date. The company adopts online and offline integration (OMO) retail business, including the following B2C retail channels: (I) online B2C sales through Touyou and e-commerce platforms; (ii) online B2B2C sales to end customers through reward program platforms and third-party online platforms; and (iii) offline B2C sales in two retail stores, namely, Kwun Tong store and Cheung Sha Wan flagship store.
The company has been specializing in providing electronic products and household appliances, which is one of the major product types in the retail e-commerce industry in Hong Kong, accounting for about 31.3% of the total retail online sales in fiscal year 20. According to Frost Sullivan's report, in fiscal year 20, the company ranked first among Hong Kong's e-commerce platforms based on electronics and home appliances in terms of website traffic, and recorded the highest online retail of electronics and home appliances among all e-commerce platforms in Hong Kong, with a market share of about 5.6%. The company also ranks second and third among all e-commerce platforms in Hong Kong (with a market share of about 1.8%) in terms of website traffic and overall retail online sales in FY21.
The revenue of Youhe Group reached HK $135 million, HK $259 million and HK $523 million respectively in fiscal year 18, 19 and 20, respectively. Profits for the year reached HK $12.272 million, HK $18.324 million and HK $28.733 million respectively. The company's income for the three years ended March 31, 2021 recorded a compound annual growth rate of about 96.5%; in particular, revenue from the friend and OMO business increased at a compound annual growth rate of 107.1% over the same period.
| | performance of secondary IPOs |
The Hang Seng Index is up 1.86% this week, and secondary IPOs as a whole are still not improving.
Among the secondary new stocks this week, Shangtang was the best performer. Shangtang rose 20.04% this week, while Prozac and Lego healthy living rose 163.06% and 124.39%, respectively.
| | the IPO is coming soon |
Vision Deal initiated by Wei Zhe is listed on the Hong Kong Stock Exchange.
SPAC Vision Deal HK Acquisition Corp. ("Vision Deal") has been listed on the Hong Kong Stock Exchange and disclosed its prospectus after the hearing, according to documents disclosed by the HKEx on May 29th. Earlier, Vision Deal, a special purpose acquisition company jointly launched by Wei Zhe, founder and chairman of Jiayu Capital, DealGlobe Yi Jie and Opus Wealth Capital, submitted its form to the Hong Kong Stock Exchange on February 15, with Citigroup and Haitong International as co-sponsors. Vision Deal pointed out that it will focus on cutting-edge technology and focus on the intelligent field of cars, as well as cross-border overseas brands and new domestic consumer companies driven by supply chain advantages.
Zhong an Wisdom Life is heard by the Hong Kong Stock Exchange, with a management area of 11.8 million square meters.
Zhong'an Smart Life is headquartered in Hangzhou and is deeply rooted in Zhejiang Province and the Yangtze River Delta region. Since its establishment in 1998, through more than 23 years of operation, it has grown from a local property management service provider in Hangzhou to an integrated regional property management service provider covering Zhejiang Province.
In terms of performance, Zhong'an Wisdom's living income increased from 180 million yuan in 2019 to 296 million yuan in 2021, with a compound annual growth rate of about 28.1 percent, while net profit increased from 28.7 million yuan in 2019 to 41.8 million yuan in 2021, representing a compound annual growth rate of about 20.7 percent.
As of December 31, 2021, Zhong an Smart Life has a total of 108 contract projects with a total contract floor area of about 17.1 million square meters, covering 17 cities and seven provinces in China; and managing a total of 74 projects with a total construction area of about 11.8 million square meters. covering six cities and two provinces in China.
Green Tea Group may become the first catering enterprise to be listed in 2022 through the hearing of the Hong Kong Stock Exchange.
Green Tea Group Co., Ltd. is listed on the Hong Kong Stock Exchange. This means that in the wave of listing of catering enterprises, it is expected to become the first catering enterprise to successfully embrace the capital market in 2022.
According to the prospectus, Green Tea Restaurant is a leisure Chinese restaurant operator, with 236 stores, accounting for 0.5% of the leisure Chinese restaurant market. It is the fourth largest leisure Chinese restaurant operator in China in terms of revenue and the number of restaurants in 2020.
It is worth mentioning that in March 2021, Green Tea Group submitted a prospectus to the Hong Kong Stock Exchange for listing on the Hong Kong main board, but the prospectus was not updated for six months until the end of September that year. Green tea did not resubmit the prospectus until October 5.
Financial data show that the green tea group has three main sources of income, restaurant operations, takeout services and other sources. Among them, restaurant operation accounts for the largest proportion. In 2019, its total income increased from 1.312 billion yuan to 1.737 billion yuan, but affected by the epidemic, revenue dropped to 1.569 billion yuan in 2020. However, revenue of 1.694 billion yuan was recorded in the first nine months of 2021, and the performance showed obvious signs of rebound.
Aquila Acquisition is heard by HKEx and may become the first SPAC of HKEx.
According to the hearing, Aquila Acquisition Corporation is a newly registered Cayman Islands exempted company which is acquired for a special purpose and is established for the purpose of business merger of one or more companies. When acquiring special purpose M & A targets, the company plans to focus on technology-enabled companies in "new economy" industries in Asia (especially China), such as green energy, life sciences and advanced technology and manufacturing industries.
The company's competitive advantages include establishing a leading industry relationship between China Merchants Bank and China Merchants International platform, supplemented by comprehensive research strength, unique transaction access channels, rich investment and execution experience, and the use of one-stop financial services capabilities and deep links between China Merchants Bank and China Merchants International platform to create a strong value-added ability.
In each of the financial years ending December 31, 2019, 2020 and 2021, CMB International Asset Management has more than US $2 billion under management. As of December 31, 2021, China Bank International Asset Management had more than $3.2 billion under management and achieved about 1.84 times the return on private equity investment between 2017 and 2021.
| | delivery table this week |
Excellent Logistics once again presents HKEx's 2021 earnings of HK $579 million
Excellent Logistics provides customers with international air and maritime agency services. Excellent Logistics also provides customers with logistics and related value-added services, including warehousing, logistics, repackaging and labeling and pallet transportation services. Excellent Logistics was established in Hong Kong in 1997, mainly providing freight forwarding services. In 2005, Outstanding Logistics expanded its freight forwarding business to China. The business of Excellence Logistics has been further expanded to provide warehousing, logistics, repackaging and labeling and pallet transportation services.
In fiscal year 2022, the group's revenue from freight forwarding services based on Hong Kong as its port of departure was about HK $486 million, accounting for about 0.3 per cent of the overall freight forwarding market in Hong Kong and about 0.5 per cent of the secondary freight forwarding services market in Hong Kong. In fiscal year 2022, the group had a market share of about 0.03 per cent and generated revenue of about HK $506 million (equivalent to about 417 million yuan) from using China as its port of departure.
The business model of Excellence Logistics mainly involves the provision of freight forwarding services, that is, by obtaining cargo spaces from airlines and shipping companies to deliver the goods entrusted to Excellence Logistics to the required destination and LCL the consignment cargoes. To make a profit from the cargo hold obtained. Excellent Logistics, as a consignor, will also resell cargo spaces obtained from airlines and shipping companies to fellow freight forwarders at competitive prices. Excellent Logistics also provides customers with logistics and related value-added services, including warehousing, logistics and other supporting logistics services.
During the performance record period, purchases from the five major suppliers accounted for about 61.7%, 62.4% and 49.4% of the total freight and handling costs incurred; and purchases from the largest supplier (supplier A) accounted for about 47.3%, 52.8% and 37.0% of the total freight and handling costs incurred, respectively.
Gaoshi Medical re-delivery form HKEx: lost 192 million last year, and the gross profit margin of ophthalmic medical supplies is as high as 51.2%.
Recently, Gaush Meditech Ltd has submitted another listing application to the HKEx for listing on the main board of the HKEx after it submitted its form on the HKEx on November 28, 2021, but failed to pass the hearing or IPO within six months.
Gaoshi Medical, founded in August 1998, is a comprehensive ophthalmic medical equipment provider in China. According to Frost Sullivan, with a market share of 6.7%, it is the largest domestic participant in China's ophthalmic medical device market and the fourth largest participant in terms of income in 2021. The high vision medical portfolio covers all seven ophthalmic subspecialties in which ophthalmic medical devices are used for diagnosis, treatment or surgery. As of the latest practicable date, one-stop ophthalmic medical device solutions have been provided to more than 4000 end customers (including more than 1000 tertiary hospitals) in China and services have been provided to all provincial exercise areas in China, covering ophthalmic diagnostic equipment, surgical and treatment equipment and consumables, as well as after-sales technical services.
Weimar reports that the cumulative sales of cars on the Hong Kong Stock Exchange is less than 100000. Last year, it lost 8.2 billion yuan.
Weimar Holdings submitted its prospectus to the Hong Kong Stock Exchange early Wednesday (June 1). According to the cautionary report, Weima ranked first among all pure electric vehicle manufacturers in China's mainstream market in 2021, electric vehicle sales and smart electric vehicle sales ranked third among all local automakers in China's mainstream market in 2021, and Weima sold 44152 vehicles in 2021. Weimar delivered 3309 electric vehicles in April 2022, up 48.9% from a year earlier, a better performance than most new car-building forces halved in April.
By the end of April 2022, Weima had sold more than 98000 electric vehicles since its first model was launched in September 2018. Weimar's latest financing round values the company at about $4.1 billion before going public.
Jingda Holdings once again reported that the revenue of the main board of the HKEx exceeded HK $2 billion in fiscal year 2022.
Jingda Holdings Limited submitted its listing application to the main board of the HKEx, with Dongxing Securities (Hong Kong) as its exclusive sponsor, according to the Hong Kong Stock Exchange on June 1. It is reported that the company submitted its form to the HKEx on September 27, 2021. The company is a professional end-to-end electronic product development and manufacturing service provider specializing in providing customized IoT and joint development products to global customers, especially in specialized and highly regulated industries such as automotive, aerospace, medical, maritime, banking, security and wireless communication network industries.
The company provides a full range of services, including initial product specifications and development, hardware and mechanical product design, component selection, secondary supplier management, parts and product performance testing and product certification. The company develops and produces electronic products to respond to the specific customer requirements of customers in different industries. Examples of products produced by the company during the track record period (fiscal year 2019-2021) include power management systems for commercial aircraft, maritime navigation systems, intelligent pilot monitoring systems, ultra-low power IoT utility instruments and IoT equipment and monitoring systems for the elderly.
On the financial side, the company's revenue in fiscal year 2020, fiscal year 2021 and fiscal year 2022 was HK $1.3951 billion, HK $1.8017 billion and HK $2.089 billion respectively. The profits for fiscal year 2020, fiscal year 2021 and fiscal year 2022 were HK $32.59 million, HK $89.64 million and HK $94.78 million respectively.
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