Company Overview
| Stock Name | Chicmax |
|---|---|
| Stock Code | 02145 |
| Company Full Name | To be extracted |
| Industry | 消费零售 |
| Principal Activities | 一家多品牌化妝品公司，專注於護膚品及母嬰護理產品的開發、製造及銷售。 |
| Listing Date | 2022-12-22 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 上海市嘉定區南翔鎮銀翔路515號701室 |
| Business Address (Hong Kong) | 香港九龍觀塘道348號宏利廣場5樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.chicmaxgroup.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism A |
|---|---|
| Offer Price | HK$ 25.20 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 2,520 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2022-12-12 to 2022-12-15 |
| Global Offering Shares | 36,958,000 shares |
| HK Public Offer Shares (Initial) | 3,695,800 shares (10.0%) |
| Public Offer Lots (Initial) | 36,958lots (Pool A18,479lots，Pool B18,479lots) |
| International Placing Shares (Initial) | 33,262,200 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 396,958,000 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | To be extracted |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 931,341,600 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 2,520 |
| 2 lots | 200 | HK$ 5,040 |
| 3 lots | 300 | HK$ 7,560 |
| 4 lots | 400 | HK$ 10,080 |
| 5 lots | 500 | HK$ 12,600 |
| 6 lots | 600 | HK$ 15,120 |
| 7 lots | 700 | HK$ 17,640 |
| 8 lots | 800 | HK$ 20,160 |
| 9 lots | 900 | HK$ 22,680 |
| 10 lots | 1,000 | HK$ 25,200 |
| 15 lots | 1,500 | HK$ 37,800 |
| 20 lots | 2,000 | HK$ 50,400 |
| 25 lots | 2,500 | HK$ 63,000 |
| 30 lots | 3,000 | HK$ 75,600 |
| 35 lots | 3,500 | HK$ 88,200 |
| 40 lots | 4,000 | HK$ 100,800 |
| 45 lots | 4,500 | HK$ 113,400 |
| 50 lots | 5,000 | HK$ 126,000 |
| 60 lots | 6,000 | HK$ 151,200 |
| 70 lots | 7,000 | HK$ 176,400 |
| 80 lots | 8,000 | HK$ 201,600 |
| 90 lots | 9,000 | HK$ 226,800 |
| 100 lots | 10,000 | HK$ 252,000 |
| 200 lots | 20,000 | HK$ 504,000 |
| 300 lots | 30,000 | HK$ 756,000 |
| 400 lots | 40,000 | HK$ 1,008,000 |
| 800 lots | 80,000 | HK$ 2,016,000 |
| 1,000 lots | 100,000 | HK$ 2,520,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 2,000 lots | 200,000 | HK$ 5,040,000 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 7.51B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 10,003,341,600 |
|---|---|
| H-Share Market Cap (at Offer Price) | HK$ 4,947,865,272 |
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | 盈利人民幣338.8百萬元 |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
Financial Data
Unit:
'000
RMB
Income Statement
| Item | 2019 | 2020 | 2021 |
|---|---|---|---|
| Revenue | 2,874,321 | 3,381,633 | 3,618,882 |
| Cost of sales | -1,124,948 | -1,195,042 | -1,258,243 |
| Gross profit | 1,749,373 | 2,186,591 | 2,360,639 |
| Other income and gains, net | 134,516 | 75,434 | 91,422 |
| Selling and distribution expenses | -1,324,877 | -1,535,791 | -1,572,275 |
| Administrative expenses | -225,540 | -263,718 | -261,720 |
| Operating profit | 134,327 | 318,262 | 429,207 |
| Net finance costs | -81,885 | -40,498 | -20,934 |
| Share of associates and JVs | 479 | 1,862 | -149 |
| Profit before tax | 52,921 | 279,626 | 408,124 |
| Income tax expense | -6,477 | -76,444 | -69,353 |
| Profit for the year | 59,398 | 203,182 | 338,771 |
| Profit attributable to owners | 62,571 | 203,457 | 338,887 |
Balance Sheet
| Item | 2019 | 2020 | 2021 | 2022-06 |
|---|---|---|---|---|
| Cash and cash equivalents | 717,900 | 549,122 | 565,961 | |
| Trade and bills receivables | 246,549 | 121,990 | 181,827 | |
| Inventories | 396,940 | 340,848 | 374,874 | |
| Total current assets | 1,355,705 | 1,194,764 | 1,323,110 | |
| Total assets | 2,323,838 | 2,224,288 | 2,274,563 | |
| Total current liabilities | 2,224,714 | 1,369,950 | 1,100,129 | |
| Total liabilities | 2,517,505 | 1,639,898 | 1,319,525 | |
| Total equity | -193,667 | 584,390 | 955,038 | |
| Equity attributable to owners | -186,934 | 578,951 | 949,979 | |
| Interest-bearing borrowings | 507,378 | 435,506 | 190,059 | 360,909 |
Cash Flow Statement
| Item | 2019 | 2020 | 2021 | 2022-06 |
|---|---|---|---|---|
| Net cash from operating activities | 77,356 | 265,974 | 335,193 | |
| Depreciation of PP&E | 38,178 | 48,288 | 61,240 | 34,267 |
| Depreciation of right-of-use assets | 40,954 | 32,768 | 24,112 | 13,169 |
| Amortisation of intangible assets | 2,875 | 2,766 | 2,227 | 1,484 |
| Purchase of PP&E | -160,717 | -139,809 | -63,124 | -31,613 |
Income Statement
Balance Sheet
Cash Flow Statement
Source: Accountants' Report and Audited Consolidated Financial Statements
| First Day Close | HK$ 25.2 |
|---|---|
| First Day Open | HK$ 24.95 |
| First Day Change | 58.65% |
| First Day Volume | 1390800.0 |
| First Day Turnover | 34907000.0 |
| Use of Proceeds | 1、約32.0%或267.6百萬港元用于2026年前品牌建設活動，以持續提升品牌形象并提高我們現有品牌的品牌認知度，以及為我們的新品牌建立品牌形象；
2、約12.2%或101.9百萬港元將用于2026年前提升我們的研發能力，通過加強基礎研究和產品開發，保持品牌的持續創新；
3、約19.8%或165.7百萬港元將用于2024年前加強我們的生產及供應鏈能力，主要涉及我們奉賢工廠生產設施的改造、自動化設備升級及產能擴張；
4、約18.0%或150.0百萬港元將用于2026年前增加我們銷售網絡的廣度和深度，加強我們產品的滲透率；
5、約8.0%或67.2百萬港元將用于2024年前改善我們的數字化及信息基礎設施；
6、約9.9%或82.7百萬港元將用作營運資金及其他一般企業用途。 |
Underwriting Syndicate
Joint Sponsors (3)
Overall Coordinators (3)
Joint Bookrunners (9)
J.P. Morgan Securities (Asia Pacific) Limited CE AAJ321
China International Capital Corporation Hong Kong Securities Limited CE AEN894
CLSA LIMITED CE AAB893
ZHONGTAI INTERNATIONAL SECURITIES LIMITED CE BAA855
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Futu Securities International (HONG KONG) Limited CE AZT137
VALUABLE CAPITAL LIMITED CE AUL711
BOCI ASIA LIMITED CE AET863
Joint Lead Managers (9)
J.P. Morgan Securities (Asia Pacific) Limited CE AAJ321
China International Capital Corporation Hong Kong Securities Limited CE AEN894
CLSA LIMITED CE AAB893
ZHONGTAI INTERNATIONAL SECURITIES LIMITED CE BAA855
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Futu Securities International (HONG KONG) Limited CE AZT137
VALUABLE CAPITAL LIMITED CE AUL711
BOCI ASIA LIMITED CE AET863
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 呂義雄 | — |
| Company Secretary | 廉明 | — |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 呂義雄先生直接持有內資股147,440,000股（40.96%），並透過紅印投資、南印投資等持有股權，合共被視為持有181,112,560股（50.31%）；紅印投資直接持有108,000,000股（30.00%），南印投資直接持有60,880,000股（16.91%）。 |
|---|
