Consumption has always been a 'long slope, thick snow' track. What other potential 'old brand gold' and 'Bubble Mart' opportunities are there in Hong Kong stocks ahead?
According to LiveReport's big data statistics, as of July 29, 2025, a total of 216 companies have submitted listing applications to the Hong Kong Stock Exchange since the beginning of this year but have not yet gone public. Approximately 34 consumer-related companies have applied for listing on the Hong Kong stock market, covering multiple sub-sectors such as catering and entertainment, food and beverages, toys and leisure, and personal care.
Among them, consumer A-share companies applying for Hong Kong stock listing include Muyuan Animal Husbandry Co., Ltd., Solaris, Dongpeng Beverage, and Jinjiang Hotel.
Additionally, consumer-oriented companies that have listed include well-known Chinese automaker Chery Automobile, China's largest snack chain retailer Mingminghong, home appliance brand Aox, China's high-performance outdoor clothing brand Boshi, and the first brand in copper cultural and creative craftsmanship, Tongshifu.
Muyuan Co., Ltd. (A+H)
On May 27, 2025, Muyuan Co., Ltd., the global leader in pork, submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are Morgan Stanley, CITIC Securities, and Goldman Sachs. The market value of Muyuan Co., Ltd.'s A-share stock exceeds 200 billion.
In 2024, Muyuan's revenue was 137.947 billion yuan, reaching a new historical high, with net profit of 18.925 billion yuan, turning from loss to profit. According to the company's first-quarter A-share report, in the first quarter of 2025, the company achieved revenue/net profit attributable to the parent company of 36.061 billion yuan and 4.491 billion yuan respectively, representing year-on-year increases of 37.26%/+288.79%.
The market value of 200 billion “pig king” “Muyuan Co., Ltd.” is about to go public again!
Seres (A+H)
On April 28, 2025, the new energy vehicle company Seres, with a market value of 200 billion yuan, submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are CICC and Galaxy International. In 2024, the company's revenue was 145.11 billion yuan (a year-on-year increase of 305%), with a net profit of 4.74 billion yuan, marking its first time turning from loss to profit.
Dongpeng Beverage (A+H)
On April 3, 2025, Dongpeng Beverage submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are Huatai International, Morgan Stanley, and UBS Group. The company is China's leading and globally recognized functional beverage enterprise. In 2024, its revenue was 15.83 billion yuan (with a compound annual growth rate of 36.47%) and net profit was 3.33 billion yuan (with a compound annual growth rate of 51.96%).
Junsheng Electronics (A+H)
On January 16, 2025, Sunway Group Co., Ltd. (Group) submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are CICC and UBS Group. The company is a global leader in intelligent automotive technology solutions, with revenue of 41.134 billion yuan, net profit of 1.263 billion yuan, and gross profit margin of 15.6% for the first three quarters of 2024.
Jinjiang Hotel (A+H)
On June 29, 2025, Jinjiang Hotel submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board, with Orient Securities International as the sole sponsor. The company completed its B-share listing on the Shanghai Stock Exchange (stock code: 900934) on December 15, 1994, and its A-share listing on the Shanghai Stock Exchange (stock code: 600754) on October 11, 1996.
The company is a globally leading hotel group. In 2024, its revenue was 14.063 billion RMB, with gross profit of 5.402 billion RMB, a gross profit margin of 38.41%, and net profit reaching 1.144 billion RMB.
Linglong Tire (A+H)
On June 30, 2025, Linglong Tire submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the main board of Hong Kong. The joint sponsors are CITIC Securities and BOC International.
The company is a global leading tire manufacturer. In 2024, its revenue was 22 billion RMB, with gross profit of 1.752 billion RMB, a gross profit margin of 19.69%, and net profit reaching 1.752 billion RMB.
Chery Automobile
On February 28, 2025, Chery Automobile submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are CICC, Huatai International, and GF Hong Kong. The company is China's second-largest independent brand automaker and the eleventh-largest automaker globally. In the first three quarters of 2024, its revenue exceeded 180 billion yuan, a year-on-year increase of 67.66%, with net profit of 11.3 billion yuan, a year-on-year increase of 58.5%.
Mingming is very busy
On April 28, 2025, Mingming, the parent company of the brands 'Snacks Are Busy' and 'Zhao Yiming', submitted its prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are Goldman Sachs and Huatai International. In 2024, the revenue was 39.34 billion yuan (a year-on-year increase of 282%), with a net profit of 830 million yuan (a year-on-year increase of 277%).
ox
On April 28, 2025, Boshih and First Pacific Securities submitted their prospectus to the Hong Kong Stock Exchange for the first time, planning to list on the Hong Kong Main Board. The joint sponsors are CICC and CITIC Securities. It is worth noting that Boshih and First Pacific Securities had proposed listing on the A-share market in July 2023, but subsequently terminated their sponsorship agreement with Guoyuan Securities in April 2025.
The company is the fastest-growing high-performance outdoor apparel brand in Mainland China in 2024, with an annual revenue of 1.766 billion RMB (annual compound growth rate of 116.02%), gross profit of 1.053 billion RMB, a gross profit margin of about 59.6%, and net profit of 283 million RMB (annual compound growth rate of 241.23%).
On May 9, 2025, Master Tong Cultural and Creative Industries submitted its prospectus to the Hong Kong Stock Exchange, planning to list on the Hong Kong Main Board with China Merchants International as the sole sponsor. The company is a cultural and creative handicraft brand. In 2024, its revenue was RMB 571 million, with a net profit of RMB 79 million. In June 2022, the company attempted to list on the ChiNext of the Shenzhen Stock Exchange but terminated the process in September 2024.
Lexin Outdoor
Lexin Outdoor submitted its prospectus for the second time to the Hong Kong Stock Exchange on June 27, 2025, planning to list on the Hong Kong Main Board. The sole sponsor is CICC. The company is an outdoor fishing equipment manufacturer that expanded its own brand business in 2017. In 2024, its revenue was RMB 573 million, with a net profit of RMB 59 million.
Zhidada Technology
Zhida Technology submitted its prospectus to the Hong Kong Stock Exchange on July 18, 2025, planning to list on the Hong Kong Main Board. The sole sponsor is Shenwan Hongyuan. The company is the world's largest provider of home electric vehicle charging stations, with revenue of 590 million yuan in 2024, a net loss of 240 million yuan, revenue of 220 million yuan in the first three months of 2025, and a net loss of 20 million yuan.
The company also attempted to list on the A-share market at the end of 2022, but terminated it due to the review process and market conditions..
January 27, 2025Divided from SenGD Group, headquartered at Dubai Airport Free Trade Zone, UAEComfortableThe prospectus has been submitted to the Hong Kong Stock Exchange, with plans to list on the Hong Kong Main Board. The joint sponsors are CICC, CITIC Securities, and GF Securities Hong Kong.
The company is a supplier mainly selling baby diapers, pull-ups, sanitary pads, and wet wipes for infants and women's hygiene needs. 2023Annual income is 4.1billions of dollars, net profit0.6billions, revenue in the first nine months of 20243.3billions of dollars, net profit0.7billion dollars.
Bama Tea Industry in 2025The prospectus was submitted to the Hong Kong Stock Exchange on January 17, 2023, with plans to list on the Hong Kong Main Board. The joint sponsors are Huatai International, Agricultural Bank International, and Tianfeng International.
The company is China's largest high-end tea supplier. 2023The annual revenue is 212, with a net profit of 210 million yuan. In the first nine months of 2024, the revenue was 165 billion yuan and the net profit was 210 million yuan. The company was listed on the New Third Board on November 24, 2015, delisted in April 2018, and submitted applications in 2021 and 2022AStock listing application.
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