Mingchuang Youpin did not respond to the rumor of Hong Kong stocks in the rumor of the listing of Hong Kong stocks under the rumor of the listing epidemic in the listing of Hong Kong stocks, facing multiple challenges

Photo source: Daily Economic News Liu Guomei Photo (Data Map)

More than 2 months after submitting the prospectus, Mingchuang Youpin (MNSO, a stock price of 8.77 US dollars, a market value of US $ 2.687 billion) went to Hong Kong stocks to list in substantial progress. According to media disclosure, Famous Chuang Youpin seeks the listing of Hong Kong stocks as soon as June 23, and considers the start of Hong Kong stocks as soon as June 27, and plans to raise $ 100 million.

So far, Mingchuang Youpin has not responded to rumors. Today (June 26), the reporter of "Daily Economic News" tried to interview the company's listing and operating situation on the company's Hong Kong stocks, but as of press time, the press was not returned.

It is worth mentioning that in April this year, relevant people familiar with the matter analyzed to the reporter of the Daily Economic News: "Famous and Chuang Youpin has been actively looking for a plan to deal with The potential delisting risk, the listing of Hong Kong stocks is the active measures taken by Mingchuang Youpin to deal with the risk. The listing of returning to Hong Kong stocks is also conducive to improving the company's current stock liquidity. "

No rumors of Hong Kong stock market listing will not be responded to next week

On March 31 this year, Mingchuang Youpin submitted a listing application to the Hong Kong Stock Exchange. In the past week, the news about the market on the market will spread the market listing as soon as possible on the 27th.

If the listing of Hong Kong stocks is successful, Mingchuang Youpin will become a dual major listed enterprise, that is, the company is listed on the stock exchange of the two places. It does not affect the listing status of another listing place.

But in fact, the performance of Mingchuang Youpin in U.S. stocks is not satisfactory. On October 15, 2020, Mingchuang Youpin was listed on Nasdaq at $ 20 per share at a price of $ 608 million. At $ 8.77/share, the company's total market value is about 2.687 billion US dollars.

Since the beginning of this year, Mingchuang Youpin has been affected by the new crown epidemic and the "pre -delivery list", and its performance in U.S. stocks has not performed well. In the 13F documents disclosed not long ago, Danshui Spring, Jane Street, hedge fund Exoduspoint Capital and other well -cleared are well -known. But in the past month, the stock price of Mingchuang Youpin has risen by more than 60%.

A person familiar with the matter told the reporter of "Daily Economic News" that the listing of returning to Hong Kong is a active measure to respond to the potential delisting risk. Several analysts also mentioned the same view in the media interviews that the listing of famous and creative products to go to Hong Kong stocks is mainly to be more "safe" at the turning point of performance.

So far, Mingchuang Youpin has not responded to market rumors.

Facing multiple challenges under the new crown epidemic

Another purpose of famous and innocently listed on Hong Kong stocks is second expansion. In the past three years, due to the repeated global crown epidemic, the income growth and expansion speed of famous and innocent products have encountered challenges.

The prospectus submitted to the Hong Kong Stock Exchange shows that as of 2019, 2020, and June 30, 2021, the revenue of Name Chuang Youpin was 9.395 billion yuan, 8.979 billion yuan and 9.072 billion yuan, respectively. In the same period, net profit was 294 million yuan, a loss of 260 million yuan, and a loss of 1.429 billion yuan, respectively. In the second half of 2021, Mingchuang Youpin turned his losses, but the cumulative losses still exceeded 1.6 billion yuan.

Under the new crown epidemic, it is also difficult to ensure that all of the normally open stores with offline stores. According to Mingchuang Youpin, as of March this year, the number of stores that Mingchuang Youpin temporarily closed in China exceeded 300, and 11 of its own independent tide play brand TOP TOY. Due to the blocked offline logistics transportation, various problems in the supply chain of overseas markets have also occurred.

The high growth of famous revenue of famous and innocent products is closely related to the speed of high -speed expansion, but the latter is also a bit weak.

Market saturation, weak growth space, decreased revenue of single stores, and slowdown in store opening have made the market worry about the growth space of this daily necessities retailer. But after this listing, Mingchuang Youpin will continue to open the store. The prospectus shows that fundraising is mainly used to expand domestic and foreign store networks, focusing on deepening the penetration of second- and third -tier cities in China, expanding logistics and storage networks, improving overseas procurement capabilities, developing and acquisition of new IPs, and strengthening technical capabilities. At the same time, Mingchuang Youpin is also exploring the second growth curve such as beauty and tide.

Daily Economic News

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