Futu News, May 26, this Thursday $YOHO GROUP (02347.HK)$The announcement was announced that it will issue 55 million shares from May 26 to May 31. The company plans to issue 55 million shares, including a public sale of 5.5 million shares and an international sale of 49.5 million shares, with an issue price of HK$2.1-2.6 per share, and 2,000 shares per lot. It is expected to be listed on June 10.
According to Frost & Sullivan's report, Youhe Group is one of the leading market participants in the B2C e-commerce industry in Hong Kong. It has more than 23,000 SKUs (mainly electronic products and home appliances), and has established a customer base of more than 807,000 registered members by the last practical date.
In fiscal year 20/21, according to website traffic, the company topped the list of e-commerce platforms focusing on electronic products and household appliances in Hong Kong, and recorded the highest online retail sales of electronic products and household appliances among all e-commerce platforms in Hong Kong, with a market share of about 5.6%. Based on website traffic and overall retail online sales in FY20/21, the company also ranked second and third among all e-commerce platforms in Hong Kong (with a market share of about 1.8%).
On the financial side, from fiscal year 18/19 to fiscal year 20/21, Youhe Group's revenue was HK$0.135 billion, 0.26 billion, and HK$0.523 billion respectively, with a compound growth rate of 96.83%. Net profit was 0.012 billion, 0.018 billion, and HK$0.029 billion respectively, a compound increase...