// Company Overview //
| Stock Name | 华润饮料 |
|---|---|
| Stock Code | 02460 |
| Company Full Name | 华润饮料 |
| Industry | 食品飲料 |
| Principal Activities | 公司是中國包裝飲用水行業的開創者、中國即飲軟飲行業的領先公司，是九十年代初國內較早推出專業化生產包裝飲用水的企業之一，主營“怡寶”牌系列包裝飲用水。 |
| Listing Date | 2024-10-23 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | No data |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國廣東省深圳市南山區朗山路22號深圳高新技術產業園區北區 |
| Business Address (Hong Kong) | No data |
| Place of Incorporation | No data |
| Listing Method | No data |
| Listing Board | Main Board |
| Website | https://www.crbeverage.com/ |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
// Offering Information //
| Offering Mechanism | 机制A(旧) |
|---|---|
| Clawback Tiers | 因超购234.5倍，回拨至40.0% |
| Prospectus Date | 2024-10-15 |
| Offer Price | HK$ 14.50 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 2,900 |
| Par Value | No data |
| Global Offering Shares | 347,826,200 |
| HK Public Offering Shares | 139,130,600 (40.0%) |
| International Placing Shares | — (0.0%) |
| Offer Ratio | No data |
| Total Shares Post-IPO | No data |
| Total Global Offering Size | HK$ 5,043,479,900 |
| Public Offering Size | HK$ 2,017,393,700 (40.0%) |
| Oversubscription Multiple | 234.5x |
| Valid Applications | 61,885 |
| Accepted Applications | 51,047 |
| Reallocation | No |
| Total Funds Raised | HK$ 2,017,393,700 |
| Greenshoe (Over-allotment Option) | No |
| Final Public Offering Share | 40.0% |
// Valuation & Financials //
| Market Cap (at Offer Price) | HK$ 0 |
|---|---|
| Pre-IPO Valuation (Last Round) | No data |
| P/E Ratio | 23.36 |
| Profit/Loss Status | No data |
| Period-End Cash Balance | No data |
| Listing Expenses | ~HK$ 140,930,000 |
| Listing Expenses / Funds Raised | No data |
| Total Pre-IPO Investment | No data |
// First Day Performance
| First Day Close | Loading... |
|---|---|
| First Day Open | HK$ 16.46 |
| First Day Change | 15.03% |
| First Day Volume | 160093000.0 |
| First Day Turnover | 2592560000.0 |
// Price Chart //
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// Use of Proceeds
| Use of Proceeds | 1、于未來三至五年內，所得款項凈額的約30%，即1,417.9百萬港元，用于戰略性擴張和優化產能，以提高整體供應鏈效率； 2、于未來三至五年內，所得款項凈額的約23%，即1,087.1百萬港元，用于加速銷售渠道擴張及提升渠道效率； 3、于未來二至三年內，所得款項凈額的約23%，即1,087.1百萬港元，用于進行銷售和營銷活動，增強品牌活力，強化品牌形象，提升銷售表現； 4、于未來三至五年內，所得款項凈額的約3%，即141.8百萬港元，用于增強產品研發能力，以持續拓展新的產品品類和SKU； 5、于未來三至五年內，所得款項凈額的約3%，即141.8百萬港元，用于數字化升級； 6、所得款項凈額的約8%，即378.1百萬港元，用于進行潛在投資及并購機會； 7、所得款項凈額的約10%，即472.6百萬港元，作為營運資金及作一般公司用途。 |
|---|
// Underwriting Syndicate //
联席保荐人 (4)
瑞银证券香港有限公司
中银国际亚洲有限公司
中信证券（香港）有限公司
Merrill Lynch (Asia Pacific) Limited
整体协调人 (6)
瑞银证券香港有限公司
中银国际亚洲有限公司
中信里昂证券有限公司
Merrill Lynch (Asia Pacific) Limited
中国国际金融香港证券有限公司
招银国际融资有限公司
联席账簿管理人 (10)
瑞银证券香港有限公司
中银国际亚洲有限公司
中信里昂证券有限公司
Merrill Lynch (Asia Pacific) Limited
中国国际金融香港证券有限公司
招银国际融资有限公司
香港上海汇丰银行有限公司
华泰金融控股（香港）有限公司
农银国际证券有限公司
建银国际金融有限公司
联席牵头经办人 (10)
瑞银证券香港有限公司
中银国际亚洲有限公司
中信里昂证券有限公司
Merrill Lynch (Asia Pacific) Limited
中国国际金融香港证券有限公司
招银国际融资有限公司
香港上海汇丰银行有限公司
华泰金融控股（香港）有限公司
农银国际证券有限公司
建银国际金融有限公司
// Cornerstone Investors //
Allotment Results Announcement
| # | Investor Name | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|
| 1 | 司（「中郵保險」） | 16,063,800 | 4.62% | 0.68% | — | — |
| 2 | Oaktree Capital | 16,063,800 | 4.62% | 0.68% | — | — |
| 3 | Ghisallo Master Fund LP | 5,354,600 | 1.54% | 0.23% | — | — |
| 4 | Pamalican Fund Ltd. | 5,354,600 | 1.54% | 0.23% | — | — |
// Directors & Management //
| Chairman | 高立 |
|---|---|
| Company Secretary | 鐘明輝 |
No director data available.
// Major Shareholders //
| Major Shareholders & Holdings | 華潤集團(飲料)有限公司(51.11%),Plateau Consumer Limited(34.07%) |
|---|
// Allotment Benchmarks //
Pool A (Small Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 200 | 11,329 | 3,399 | 0.30 |
| 400 | 2,258 | 1,076 | 0.48 |
| 600 | 2,840 | 1,772 | 0.62 |
| 800 | 1,035 | 783 | 0.76 |
| 1,000 | 3,259 | 2,858 | 0.88 |
| 1,200 | 578 | 573 | 0.99 |
| 1,400 | 458 | 76 | 1.16 |
| 1,600 | 316 | 316 | 1.23 |
| 1,800 | 218 | 218 | 1.35 |
| 2,000 | 2,313 | 2,313 | 1.44 |
| 3,000 | 2,616 | 2,616 | 2.09 |
| 4,000 | 844 | 844 | 2.43 |
| 5,000 | 620 | 620 | 2.76 |
| 6,000 | 3,383 | 3,383 | 3.08 |
| 7,000 | 496 | 496 | 3.37 |
| 8,000 | 618 | 618 | 3.66 |
| 9,000 | 236 | 236 | 3.94 |
| 10,000 | 5,237 | 5,237 | 4.21 |
| 20,000 | 2,662 | 2,662 | 8.13 |
| 30,000 | 1,308 | 1,308 | 9.68 |
| 40,000 | 1,156 | 1,156 | 11.28 |
| 50,000 | 821 | 821 | 12.80 |
| 60,000 | 1,345 | 1,345 | 14.25 |
| 70,000 | 1,005 | 1,005 | 15.64 |
| 80,000 | 1,019 | 1,019 | 17.00 |
| 90,000 | 2,107 | 2,107 | 18.27 |
| 100,000 | 3,432 | 3,432 | 19.00 |
| 200,000 | 1,673 | 1,673 | 38.00 |
| 300,000 | 964 | 964 | 40.95 |
Pool B (Large Subscriptions)
| Shares Applied | Applicants | Allottees | Expected Lots |
|---|---|---|---|
| 400,000 | 2,356 | 1,910 | 29.80 |
| 500,000 | 513 | 513 | 35.00 |
| 600,000 | 247 | 247 | 39.90 |
| 700,000 | 357 | 357 | 45.15 |
| 800,000 | 275 | 275 | 49.20 |
| 900,000 | 157 | 157 | 54.00 |
| 1,000,000 | 860 | 860 | 59.00 |
| 2,000,000 | 502 | 502 | 98.00 |
| 3,000,000 | 161 | 161 | 130.50 |
| 4,000,000 | 64 | 64 | 160.00 |
| 5,000,000 | 46 | 46 | 185.00 |
| 6,000,000 | 24 | 24 | 216.00 |
| 7,000,000 | 26 | 26 | 238.00 |
| 8,000,000 | 20 | 20 | 264.00 |
| 9,000,000 | 14 | 14 | 288.00 |
| 10,000,000 | 19 | 19 | 310.00 |
| 12,000,000 | 13 | 13 | 354.00 |
| 14,000,000 | 10 | 10 | 399.00 |
| 16,000,000 | 11 | 11 | 440.00 |
| 19,130,400 | 64 | 64 | 497.39 |
Allotment Benchmarks
