New stock news | Perfume brand management company Ying Tong Holdings' Hong Kong IPO prospectus has become invalid.

Ying Tong Holdings Limited (hereinafter referred to as "Ying Tong Holdings") submitted its Hong Kong IPO prospectus on July 18, 2024, which expired after 6 months on January 20, 2025, with BNP Paribas and CITIC SEC as its joint sponsors. The prospectus disclosed that based on retail sales in 2023, Ying Tong Holdings is the largest perfume brand management company in the comprehensive markets of mainland China, Hong Kong, and Macau. The company has a large and diversified brand portfolio, including not only perfumes but also makeup, skincare products, personal care products, eyewear, and home fragrances. According to Frost & Sullivan data, based on retail sales in 2023, Ying Tong Holdings is the third largest perfume group in mainland China, Hong Kong, and Macau. Based on retail sales in 2023, the company is also the only perfume brand management company among the top five perfume groups in mainland China and the comprehensive markets of mainland China, Hong Kong, and Macau. As of the latest practicable date, the company manages a total of 63 brands, including Herms, Van Cleef & Arpels, Chopard, Albion, and Laura Mercier, covering diverse pricing levels and functions to cater to the differentiated needs of consumers in mainland China, Hong Kong, and Macau. The company has over 7,500 offline sales points in over 400 cities in mainland China, Hong Kong, and Macau. In addition to offline sales channels, Ying Tong Holdings also sells products online through well-known e-commerce platforms and social media platforms in mainland China, Hong Kong, and Macau. In terms of finances, as of March 31, 2022, March 31, 2023, and March 31, 2024, the company's revenues were RMB 1.675 billion, RMB 1.699 billion, and RMB 1.864 billion respectively. During the same period, the annual net profits were RMB 171 million, RMB 173 million, and RMB 206 million respectively.