Futu News, December 18 news, $HERBS GROUP (02593.HK)$ Today, the dark market opened high, currently up 50.93%, at 5.66 HKD, with a transaction amount of 8.8357 million HKD and a total market value of 0.753 billion HKD.
Market source: Futu Securities.
According to margin trading data from Futu News, as of the time of writing, the total margin subscription amount for Herbs Generation Group Holdings Limited is 78.412 billion HKD, oversubscribed by over 5,600 times, surpassing $APT ELECTRONICS (02551.HK)$ , becoming the most oversubscribed IPO in the Hong Kong stock market this year.
Company Overview.
Herbs Generation Group Holdings Limited is a diversified supplier of health and beauty products rooted in Hong Kong for over twenty years. The company adopts a multi-channel sales model, focusing on the development, sales, and marketing of its own brand products. Since its establishment in 1999, the company has sold a wide range of product categories and actively built its own brand.
According to a report by Frost & Sullivan, in 2023, among all international and local health supplement suppliers in Hong Kong, the company ranked fifth in terms of retail sales value of immune system health products, with a market share of about 4.9%; ranked tenth in terms of health supplements retail sales value, with a market share of about 3.6%. As of the last feasible date, the company has 33 self-operated stores and two brand experience centers located in various districts of Hong Kong; over 80 wholesale customers and two consignment sellers.
Financial Overview
In terms of financial overview, Herbs Generation Group Holdings Limited achieved revenue of approximately 0.189 billion HKD, 0.208 billion HKD, and 0.251 billion HKD in the fiscal years 2021, 2022, and 2023, respectively, with a compound annual growth rate of 15.40%; during the same period, the company achieved gross profit of approximately 0.136 billion HKD, 0.15 billion HKD, and 0.185 billion HKD, with a compound annual growth rate of 16.86%.
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