New Stock News | New Lotus Flower Files Three Times to the Hong Kong Stock Exchange

According to the Zhitong Finance APP, it was disclosed by the Hong Kong Stock Exchange on April 30 that Sichuan Xinhehua Traditional Chinese Medicine Decoction Pieces Co., Ltd. (referred to as "Xinhehua") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Guangfa Securities (Hong Kong) and Agricultural Bank International as joint sponsors. The company had previously submitted listing applications to the Hong Kong Stock Exchange on April 3, 2025 and October 17, 2025. According to the prospectus, Xinhehua is a large supplier of traditional Chinese medicine decoction pieces in China. According to data from Frost & Sullivan, based on the revenue of traditional Chinese medicine decoction pieces in 2024, Xinhehua ranks second in China, holding a 0.4% market share in the fiercely competitive market landscape, while the top five market participants collectively hold a 2.7% market share.