Casa Tianjiao is one of the leading brand bedding companies in China and Hong Kong. It mainly focuses on the design, production and sales of bedding for high-end and top markets. Its own brands include: Casertenjiao and Casar? Coffin et al. 2011 Casa? Covent ranked first in Hong Kong's top textile market, accounting for 30.6% of the market share. In the same year, Kasatanjiao's premium textile market in Hong Kong accounted for 19.5% of the market share, ranking second.
Benefiting from rapid economic development, the Chinese bedding textile market continues to grow strongly, and the growth rate is expected to accelerate in the near future, so although Casa Tianjiao's market share in China is not ideal, there is plenty of room for growth.
The amount raised this time was 50,000,000 H shares, accounting for 25% of the share capital that was expanded immediately after the completion of the global offering. Based on the prospectus price, the price-earnings ratio forecast for next year is only 5 to 6.6 times. Considering the strong recovery of the Chinese economy and the future development prospects of bedding, it has some long-term investment value. At the same time, the second half of the year is the peak sales season for the bedding industry, and it is expected that operations will improve. It is recommended to participate carefully in the subscription.