【New Share 1318 Subscription】Mao Ping IPO IPO Information | 0 Interest 0 Handling Fees To Draw IPO Offer

$MAO GEPING(01318.HK)$ Announcement that the Company intends to offer 70.5882 million shares worldwide in the public offering of 70.5882 million shares in the public offering from December 2, 2024 to December 5, 2024 at 100 shares per share, at a bid price of HK$26.3.3-29.8, with an entry fee of HK$3010.05 per entry.

MAO GOPING IPO COMPANY PROFILE

MAO GOPING IS A FAMOUS CHINESE HIGH-END BEAUTY BRAND, FOUNDED IN 2000, FOUNDED BY RENOWNED MAKEUP ARTIST MR. MAO GOPING. The brand focuses on cosmetics and beauty services and has a high reputation and influence in the Chinese market. Known for its professional makeup techniques and high quality products, Mao Goping is committed to promoting the concept of personalized makeup. The brand's products cover many areas such as makeup, skin care, and are loved by consumers.

Financial Overview

Mao Ping has achieved rapid growth over the past record, with the company's revenue increasing from RMB1.577 billion in 2021 to RMB1.829 billion in 2022, and further increasing to RMB2.886 billion in 2023, with a compounded growth rate of 35.3% for the year 2021 to 2023. The Company's total revenue also increased from RMB13.99 for the six months ended June 30, 2023 to RMB1.972 billion for the six months ended June 30, 2024.

The company's gross profit increased from RMB1.316 billion in 2021 to RMB1.533 billion in 2022, and further increased to RMB2.448 billion in 2023, with a compound year growth rate of 36.4% for 2021 to 2023. The Company's gross profit also increased from RMB1.182 billion for the six months ended June 30, 2023 to RMB1.674 billion for the six months ended June 30, 2024.

Source:Mao Goping Procurement Letter

Industry Overview

According to information from Frost Sullivan, cosmetics can be divided into five categories: skin care products, personal care products, makeup, perfumes and others. Beauty products are cosmetics that can improve the condition of the skin and highlight or change the appearance of the face or body, mainly including skin care products and makeup products.

According to data from Frost Sullivan, the market size of China's cosmetics industry grew from RMB402.6 billion in 2018 to RMB579.8 billion in 2023, a compound year growth rate of 7.6%. The market size is expected to continue growing at a compound annual growth rate of 8.6% between 2023 and 2028, and is expected to reach RMB876.3 billion by 2028.

The following figure shows the historical and forecast market size of retail sales in China by product category from 2018 to 2028:

Cornerstone Investors

For cornerstone investors, CPE Investment, Genshin Gaya Capital, Seraphim Advantage, Ivy, Brilliant Partners Fund LP and China Core Fund, Mega Prime have agreed, subject to a number of conditions, to subscribe or induce their designated entity subscriptions at an offer price of approximately US$0.1 billion (assuming an offer price of HK$28.05, the middle of the offering price range).

Funding Purposes

In terms of financing, Mao Ping expects net proceeds from global sales of HK$1.8445 billion (based on the average issue price of HK$28.05). Pursuant to the offer letter, Mogoping intends to use the global IPO for the following purposes:

Approximately 25.0% of the raised funds are expected to be used to expand the Company's sales network; approximately 20.0% are expected to be used for brand building activities; approximately 15.0% are expected to be used for overseas expansion and acquisitions; approximately 10.0% are expected to be used to strengthen the Company's manufacturing and supply chain capabilities; approximately 9.0% are expected to be used to enhance the Company's product design and DEVELOPMENT CAPACITY; APPROXIMATELY 6.0% IS EXPECTED TO BE USED FOR THE COMPANY'S MAKEUP ARTS TRAINING FACILITY; APPROXIMATELY 5.0% IS EXPECTED TO BE USED FOR THE DIGITIZATION OF THE COMPANY'S OPERATIONS AND INFORMATION INFRASTRUCTURE; AND APPROXIMATELY 10.0% IS EXPECTED TO BE USED AS WORKING CAPITAL AND GENERAL CORPORATE USE.

How to Subscribe to Mogoping IPO with 0 Interest 0 0

Use the 0.167 billion dollar expansion calculation for the purchase of pharmaceutical companies (02268.HK). The sample is for illustrative purposes only, the stock market is risky, and investors must re-enter the market. New shares are available only for Bank Expansion, and Futuro International Expansion Interest is available for display on the Purchase page. To increase the average foreign exchange rate by purchasing more, buy more money up to 50 pips #.

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