New stock news | Eight Horse Tea Industry submits application to Hong Kong Stock Exchange. The company's products cover a wide range of tea types, tea utensils, tea snacks, and tea beverages.

According to the disclosure by the Hong Kong Stock Exchange on January 17th, Bama Tea Co., Ltd. (hereinafter referred to as Bama Tea) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with Huatai International, Agricultural Bank of China International, and TF International serving as its joint sponsors. According to the prospectus, the company is the leader in the high-end tea market in China, the top seller in the high-end Chinese tea sector, and the most well-known tea brand in China. According to a Frost & Sullivan report, based on the number of chain tea specialty stores by the end of 2023, the company ranks first in the Chinese tea market; based on sales revenue in 2023, the company ranks first in the high-end tea market in China, as well as ranking first in the Chinese oolong tea and black tea markets; as of 2024, the company's sales volume of Tie Guanyin has ranked first in the country for over 10 years, and its sales volume of rock tea has ranked first for five consecutive years. According to Frost & Sullivan, based on brand preference, the company ranks first in both the Chinese tea market and the high-end tea market in China. Additionally, according to a report on the Chinese tea chain industry, the company's "Bama" brand ranked first in industry recognition in 2024, and customer satisfaction ranked first for two consecutive years in 2023-2024. The company leverages its nationwide offline store network and comprehensive online sales platform to provide consumers with high-quality Chinese tea, covering a full range of tea categories including oolong tea, black tea, red tea, green tea, white tea, yellow tea, as well as tea sets, tea snacks, tea drinks, and other non-tea products, forming a complete tea beverage product matrix. As of January 10, 2025, the company owns two refined tea production bases, with the Anxi production base located in Anxi County, Fujian Province, primarily engaged in the refinement of Tie Guanyin tea and blended teas, while the Wuyishan production base located in Wuyishan City, Fujian Province, is primarily engaged in the refinement of Wuyi rock tea and black tea. The company's production bases are equipped with advanced technology, enabling high levels of automation in the production lines. According to Frost & Sullivan, the company's seventh-generation intelligent production line at the Wuyishan production base is one of the most advanced intelligent, digitalized, and informatized production lines for Wuyi rock tea globally. The company's sixth-generation production line at the Anxi production base has received the top prize in the China Tea Technology Innovation Competition. In terms of finances, in the fiscal years of 2022, 2023, and the first nine months of 2024, Bama Tea recorded revenues of approximately RMB 1.818 billion, RMB 2.122 billion, and RMB 1.647 billion, respectively, with profits during the same periods of approximately RMB 166 million, RMB 206 million, and RMB 208 million, respectively.