HK Stock Market Move | NUMANS (02530) fell more than 22% on its first day of listing. The company's main business is algae oil DHA, and its performance in the first half of last year dropped significantly.

NUMANS(02530) is listed for the first time. The announcement shows that NUMANS is priced at 0.8 Hong Kong dollars per share, with a total issuance of 250 million shares, sold in lots of 8,000 shares each, raising a net amount of 121 million Hong Kong dollars globally. As of the time of writing, the share price has dropped by 22.5% to 0.62 Hong Kong dollars, with a trading volume of 30.4186 million Hong Kong dollars. It is reported that NUMANS is mainly engaged in the marketing, sales, and distribution of finished nutritional products in China, sold under exclusive brands "NUMANS" and "Nemans" (in English). The products can be roughly divided into five categories, namely algae oil DHA, probiotics, vitamins, multivitamins, and algae calcium products. In addition, the company has also generated some revenue since the 2022 fiscal year by selling five milk powder products under the AUSNUTRIA group brand. The prospectus shows that NUMANS had revenues of 338 million, 367 million, and 427 million Hong Kong dollars in 2021, 2022, and 2023 respectively, with profits of 120 million, 87.52 million, and 159 million Hong Kong dollars during the same period. In the first half of 2024, NUMANS' revenue was 146 million Hong Kong dollars, a decrease of 24% compared to the same period last year, with a profit of 45.28 million Hong Kong dollars, a decrease of 41% year-on-year.