The products of Junction Collection (1412) include Tabletop games, card, preschool supplies, packaged color boxes, etc., and the total location of the collection is in Hong Kong. According to the report quoted in the stock offering report of the collection, the export statistics for 2018 are the largest manufacturers of desktop products and related products in the mainland, as well as the second largest consumer card producer in China, with a market share of 2.7% and 8.1%, respectively. Collect customers with international brands, all of which are international brands, including Hallmark. Mattel and Sanshi Children's Education products and Toys Company, of which Hallmark is the largest customer, accounted for 37.6% and 45.1% of sales in 2018 and the first half of 2019, respectively.
In the first half of 2019, collective income rose 11% year-on-year, and profit increased 1.7 times to 24.34 million yuan. in 2018, the gross profit margin was 24.3%, a year-on-year decline of 1.2 percentage points, but in the first half of 2019, people's exchange rate against the Hong Kong dollar depreciated during the period. As a result, the gross profit margin rose by 7 percentage points year-on-year to 28.5%. In the face of the increase in the number of customers, for example, the popularity of computer cards is very popular, and it is necessary to choose the services of the collection. However, due to the increase in the quality of high-end credit cards, it helps to offset the decline in the volume of sales.
In terms of geographical distribution, about 70% of the income currently comes from the United States. At present, the main production bases of the fair are located in Laos and Langshan, China and the United States. it is planned that by the end of 2020, through subcontracting arrangements, the end-to-end production of a large number of major products that need to purchase or may trade relations with the United States, from China to Vietnam. In addition, CMC plans to set up its own production land outside China and to buy houses in Vietnam by the end of 2021.
It is currently on sale in Hong Kong and ends at noon + 2 o'clock this afternoon. This IPO is between 1.05 yuan and 1.45 yuan per share; at a median of 1.25 yuan per share and the over-allotment rights have not been exercised, it is estimated that the amount of money earned from global sales will be 121 million yuan. 52.5% of the proceeds will be used to improve production capacity and trading activity, and 25% will be used to redistribute production capacity and improve efficiency. 11.7% of the parts are used to upgrade technical capabilities and upgrade information technology infrastructure facilities; 10.8% of the parts are used for financial assistance and other enterprise purposes.