New Stock News | Impress Holdings files again to Hong Kong Stock Exchange, revenue heavily depends on "Impress Da Hong Pao" performances

According to the disclosure of the Hong Kong Stock Exchange on October 14th, Impression Dahongpao Limited (hereinafter referred to as "Impression Limited") has once again submitted its listing application to the Hong Kong Stock Exchange, with CISI FIN and Kaisen as its joint sponsors. The company had previously submitted an application to the Hong Kong Stock Exchange on January 15th. According to the prospectus, Impression Limited is a state-owned cultural and tourism service enterprise headquartered in Wuyishan, Fujian Province. The company's business includes three main segments: performance and entertainment services, Impression Cultural and Tourism Town business, and tea-themed hotel business. The company's shares have been listed on the New Third Board since January 20, 2017 (870608). According to data from Frost & Sullivan, based on revenue generated from cultural and tourism performance programs, the company ranked eighth in the Chinese cultural and tourism performance market in 2024. The company's main focus is the iconic performance "Impression Dahongpao" landscape real-life show. According to the same source, this performance is the first large-scale outdoor landscape real-life show in Fujian Province and has historically been the main source of income for the company. Impression Limited sells tickets for the "Impression Dahongpao" landscape real-life show through dual-track ticket sales channels, including: bulk sales of tickets by ticket distributors, followed by subsequent ticket sales to customers; and direct ticket sales to audience members. For the fiscal years ending on December 31, 2022, 2023, and 2024, as well as for the six-month periods ending on June 30, 2024, and June 30, 2025, the revenue generated by the "Impression Dahongpao" landscape real-life show was approximately RMB 57.60 million, RMB 136 million, RMB 130 million, RMB 47.90 million, and RMB 49.10 million, accounting for approximately 91.4%, 94.3%, 94.6%, 93.0%, and 87.8% of the total revenue for each respective year. The prospectus notes that the company's performance is highly dependent on performances and entertainment services, and although this business segment is stable, it still carries a certain level of risk. Financially, for the six-month periods ending on June 30 of 2022, 2023, 2024, and 2025, Impression Limited recorded revenue of approximately RMB 63.039 million, RMB 144 million, RMB 137 million, and RMB 55.884 million respectively; during the same periods, the net profits were approximately -RMB 2.599 million, RMB 47.504 million, RMB 42.809 million, and RMB 6.775 million respectively.