English
Back
Open Account
貝特集團開啟招股，你會參與認購嗎？
牛牛新股君
joined discussion · Oct 30, 2021 11:10 ·

IPO | Beit Group Holdings will start offering shares now and is expected to go public on November 12

Futu News, October 30, this Saturday$BETTER HOME GP (01491.HK)$An announcement was issued. The shares will be offered from October 30 to November 5. The company plans to issue125 million sharesShares, including the public sale of 12.5 million shares and the international sale of 112.5 million shares, at the issue price per shareHK$1-1.2, 2000 shares per lot,It is expected to be available on November 12.
Futu News, October 30, this Saturday$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...
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, based on the export revenue of China's clothes drying rack manufacturing market in 2020, the company ranked second, 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 company's net profit was 41 million yuan, 34 million yuan and 46 million yuan. Net profit for the first four months of 2021 was 12 million yuan, a year-on-year decrease of 14.1%.
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$1-1.2 per share, and 2,000 shares per lot. It is expected to be listed on November 12. Beit Group is mainly engaged in the design, development, manufacture and sale of all kinds of commonly used household necessities, household cleaning utensils and kitchen utensils. According to the Insight Consulting Report, the company ranked second in terms of export revenue from the Chinese clothes drying rack manufacturing market in 2020, with a market share of about 6.6%. The company's business is export-oriented, and its products are mainly sold to the United States, the United Kingdom, Germany and Australia. For the year ended 31 December 2018, 2019 and 2020, and for the four months ended April 30, 2021, the total products sold to these countries were approximately RMB 303 million, RMB 311 million, RMB 342 million and RMB 105 million respectively, accounting for about 92.0%, 92.3%, 88.9% and 82.8% of the company's total revenue for the corresponding year. In terms of financial data, from 2018 to 2020, the company's total revenue was approximately 329 million yuan, 337 million yuan, and 385 million yuan respectively; revenue for the first four months of 2021 was 126 million yuan, an increase of 11.2% over the previous year. From 2018 to 2020, the public...
On the industry side, according to the National Bureau of Statistics of China, in 2020, the retail sales of clothes racks in China were approximately RMB 12.583 billion, with a compound annual growth rate of about 8.8% from 2021 to 2025. It is expected to continue to increase in 2025, reaching approximately RMB 19.075 billion, with a compound annual growth rate of about 9.2% from 2021 to 2025.
Futu News, October 30, this Saturday$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...
Also, as far as the US cleaning supplies market is concerned, China is America's largest trading partner. In 2020, China accounted for about 66% of its cleaning equipment import value. The US cleaning supplies market is expected to reach approximately US$9.271 billion in 2025, with a compound annual growth rate of about 3.7% from 2021 to 2025.

In terms of financing, the company plans to use the net proceeds from the sale of shares for the following purposes: about 55.0% will be used to increase production capacity through the establishment of a new production plant; about 7.9% will be used to improve the production efficiency of the Huzhou production plant; about 2.1% will be used to develop integrated intelligent manufacturing systems; about 15.0% will be used to expand sales and marketing channels in overseas markets and the Chinese market; about 10.0% will be used to strengthen design and development capabilities to expand product categories and diversified product portfolios; about 10.0% will be used for general working capital purposes.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Emm
1
Thumbs Up
27
78K Views
Report
Comments (5)
Write a Comment...
5
28
151