New stock news | Jintian Animation submits an application to the Hong Kong Stock Exchange, representing China's largest IP entertainment and food company.

According to the disclosure by the Hong Kong Stock Exchange on October 20, Guangdong Jintian Animation Co., Ltd. (referred to as Jintian Animation) has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CMSC International and China Galaxy International as its joint sponsors. The prospectus shows that Jintian Animation is the creator and leader of the Chinese IP fun food industry, focusing on providing fun and delicious healthy IP fun food. As of June 30, 2025, the company has 5 major production bases nationwide, 26 authorized IPs, and over 600 active SKUs, including candy, biscuits, puffed snacks, chocolates, and seaweed snacks. Adhering to the business philosophy of using snacks as carriers and IP as drivers, Jintian Animation continuously explores the best match between IP and snacks, creating a fun and highly customized IP fun food matrix. According to Frost & Sullivan's report, in 2024, in terms of revenue, Jintian Animation was the largest IP fun food company in China and the fourth largest IP food company in China, with market shares of 7.6% and 2.5% respectively. According to the same source, as of June 30, 2025, the company is also the IP fun food company with the most IP authorizations in China. Jintian Animation's products typically use popular IP elements as carriers for snacks, such as egg-shaped customized packaging featuring Ultraman images, LABIXIAOXIN containers that can be used as pen holders or storage jars, Nezha stickers, collectible Conan cards, and Sanrio badges. With the company's rich experience in IP operation, Jintian Animation has developed an integrated IP operation strategy covering online KOL promotion, offline IP theme exhibitions, and IP scene-based terminal displays. The IP authorization partners that Jintian Animation cooperates with come from different countries and regions such as Japan, Europe, the United States, and China, forming a highly differentiated and industry-leading IP library. The company adopts a multi-channel marketing model, integrating distributor networks, direct sales to retailers, and e-commerce platforms. As of June 30, 2025, the company has built a multi-level distribution network covering the entire country through over 2,600 distributors. This network reaches over 1,700 counties nationwide, with a county coverage rate exceeding 60.0%. Jintian Animation has also established direct sales networks through cooperation with well-known retail partners in the industry. As of October 14, 2025, the company has cooperated with retailers such as Mingmimengbusy and Wanchen convenience stores, as well as MNSO, Meiyijia, Green Party, and Yonghui Superstores, covering a wide range of consumer scenarios such as supermarkets, IP-themed pop-up stores, flagship e-commerce stores, and vending machines. In terms of performance, in the fiscal years 2022, 2023, 2024, and the six months ended June 30, 2025, the company achieved revenues of approximately RMB 5.96 billion, RMB 6.64 billion, RMB 8.77 billion, and RMB 4.44 billion respectively; during the same period, the annual/profit attributable to owners of the company was approximately RMB 36.708 million, RMB 75.222 million, RMB 130 million, and RMB 70.041 million respectively.