Futu News, October 30, this Saturday $BETTER HOME GP (01491.HK)$The announcement was announced that it will issue 125 million shares from October 30 to November 5. The company plans to issue 125 million shares, including a public sale of 12.5 million shares and an international sale of 112.5 million shares, with an issue price of HK$1-1.2 per share, and 2,000 shares per lot. It is expected to be listed on November 12.
Beit Group is mainly engaged in the design, development, manufacture and sale of all kinds of commonly used household necessities, household cleaning utensils and kitchen utensils. According to the Insight Consulting Report, the company ranked second in terms of export revenue from the Chinese clothes drying rack manufacturing market in 2020, with a market share of about 6.6%.
The company's business is export-oriented, and its products are mainly sold to the United States, the United Kingdom, Germany and Australia. For the year ended 31 December 2018, 2019 and 2020, and for the four months ended April 30, 2021, the total products sold to these countries were approximately RMB 303 million, RMB 311 million, RMB 342 million and RMB 105 million respectively, accounting for about 92.0%, 92.3%, 88.9% and 82.8% of the company's total revenue for the corresponding year.
In terms of financial data, from 2018 to 2020, the company's total revenue was approximately 329 million yuan, 337 million yuan, and 385 million yuan respectively; revenue for the first four months of 2021 was 126 million yuan, an increase of 11.2% over the previous year. From 2018 to 2020, the public...