New stock news | METRO submits application to Hong Kong Exchange again, with revenue exceeding 24.8 billion yuan last year.

According to the disclosure on December 30th by the Hong Kong Stock Exchange, METRO Supply Chain Group Limited (hereinafter referred to as "METRO") submitted a listing application to the main board of the Hong Kong Stock Exchange, with UBS Group and CMS International as its joint sponsors. The company had previously submitted an application to the Hong Kong Stock Exchange on June 28th this year. The prospectus shows that METRO Supply Chain Group Limited is a leading food and fast-moving consumer goods supply chain solution service provider in China, providing safe and high-quality products and efficient solutions to a wide range of corporate and institutional clients, as well as retailers. In the highly competitive CHINA FOODS fast-moving consumer goods supply chain industry, according to Frost & Sullivan data, the market share of the top five food and fast-moving consumer goods supply chain solution service providers is 0.8% based on revenue in 2023. The market size of the CHINA FOODS fast-moving consumer goods supply chain industry is expected to grow from RMB 70.366 billion in 2018 to RMB 99.007 billion in 2023, with a compound annual growth rate of 7.1%. The market size is expected to continue growing at a compound annual growth rate of 7.4% from 2023 to 2028, reaching RMB 141.497 billion by 2028. According to Frost & Sullivan data, based on revenue in 2023, METRO is the second largest food and fast-moving consumer goods supply chain solution service provider in China, with a market share of 0.2%. As of July 31, 2024, the company provides retail distribution solutions for 99 METRO stores and 342 Wumart supermarkets, as well as 287 Wumart convenience stores in China. The company combines Metro AG's quality assurance standards with local practices in China and has established METRO evaluation standards. The company has also established a product traceability system, offering a portfolio of high-quality products featuring its own brands and imported goods, along with a national logistics network based on a distributed warehousing and processing model. The company utilizes digital capabilities in all aspects of its business operations. Financially, for the fiscal years 2021, 2022, 2023, and the seven months ending July 31, 2024, the company's revenues were approximately RMB 27.82 billion, RMB 27.102 billion, RMB 24.858 billion, and RMB 14.824 billion respectively. During the same periods, the company's annual profits were approximately RMB 332 million, -471 million, 253 million, and -41 million respectively.