Butong Group (06090) made its market debut with shares priced at HK$71.2 each, issuing a total of 10.9809 million shares with 100 shares per lot, raising net proceeds of approximately HK$718 million. The stock opened 41.01% higher in early trading at HK$100.4. As of press time, the stock price has risen 34.55% to HK$95.80, with trading volume reaching HK$188 million.
According to public information, Butong Group is a Chinese company focused on designing and selling parenting products. The company's flagship brand BeBeBus was established in 2019. This brand concentrates on the premium parenting products sector and has become a leader in this niche market within just a few years. According to Frost & Sullivan data, BeBeBus ranked first among durable parenting product brands targeting middle to high-end consumers in China by GMV in 2024.
In terms of financial performance, the company has maintained high growth in recent years, with both revenue and profits achieving rapid increases. From 2022 to 2024, operating revenue reached RMB 507 million, RMB 852 million, and RMB 1.249 billion respectively, representing a compound annual growth rate (CAGR) of 56.9%. During the same period, the compound annual growth rate of adjusted net profit reached an impressive 236.8%.
Comments