New Stock News | Metro's Hong Kong IPO Prospectus Invalid

Metro Supply Chain Limited (hereinafter referred to as "Metro") submitted its Hong Kong IPO prospectus on December 30, 2024, which expired on June 30, 2025. UBS Group and CMSC International acted as its joint sponsors at the time of submission. According to the previous prospectus, Metro is a leading food and fast-moving consumer goods supply chain solution service provider in China, offering 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, Metro holds a market share of 0.8% based on revenue in 2023, according to Frost & Sullivan data. The market size of the China Foods fast-moving consumer goods supply chain industry increased from RMB 703.66 billion in 2018 to RMB 990.07 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 an estimated RMB 1414.97 billion by 2028. In terms of finances, the company's revenue for the fiscal years 2021, 2022, 2023, and the seven months ending July 31, 2024, was approximately RMB 27.82 billion, 27.10 billion, 24.86 billion, and 14.82 billion respectively. Meanwhile, the company's annual profits for the same periods were approximately RMB 0.332 billion, -0.471 billion, 2.53 billion, and -0.41 billion respectively.