Futu news on June 29$Weili Holdings (02372.HK) $On the first day, it opened 11.11% higher at HK $0.70, with a pre-market turnover of HK $11.0718 million.

Weili Holdings opened 14.3 per cent higher in yesterday's dark market and ended up 7.94 per cent at HK $0.68, earning HK $200 per hand.

According to previous public information, Weili Holdings publicly placed 6201 applicants, with a success rate of 5.39%, with 20 subscriptions firmly in one hand. Futu Information collates the relevant data as follows:

The company is a cigarette packaging paper manufacturer in China, with the R & D ability to supply customized products to customers. The company mainly provides products to cigarette packaging manufacturers operating in various provinces of China, including Hubei Province and Henan Province. The products sold by the company are used to manufacture cigarette packaging of well-known tobacco brands in China.

According to the prospectus, at least nine cigarette brands rated as "double 15 Tobacco Brands" by the State Tobacco Monopoly Bureau (the top 15 cigarette brands in China by sales of middle and high-end cigarettes in 2020) use the company's products as cigarette packaging materials. According to the industry report, the company was rated as the largest cigarette packaging paper manufacturer in Hubei Province in 2020 (in terms of sales), with a market share of about 14.9%.

Financially, from fiscal year 2019 to fiscal year 2021, Weili Holdings's income was 313 million yuan, 318 million yuan and 370 million yuan respectively, with a compound growth rate of 8.72%, and net profit of 34.297 million yuan, 42.171 million yuan and 35.687 million yuan respectively, with a compound growth rate of 2.01%.