New stock news | Shengtongte Medical submits a secondary listing application to the Hong Kong Stock Exchange

According to the disclosure from the Hong Kong Stock Exchange on December 5th, Shengtongte Medical (Qingdao) Nutrition and Health Technology Co., Ltd. (referred to as Shengtongte Medical) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as the sole sponsor. The company had previously submitted a listing application to the Hong Kong Stock Exchange on June 2nd of this year. The prospectus shows that Shengtongte Medical is one of the leading special medical food providers in China, focusing on the development, production, and sales of special medical food products. By retail sales in 2024, Shengtongte Medical ranks first among domestic special medical food brands in the Chinese special medical food market, holding a 6.3% market share. It also ranks first among domestic special medical food brands in the Chinese infant special medical food market, holding a 9.5% market share, and ranks third among all special medical food brands. The Chinese special medical food market and infant special medical food market are highly concentrated, with the top five companies holding a total market share of 78.0% and 92.9% respectively in 2024.