Chengdu added another Hong Kong-listed company

2022-07-03 0 By

On January 11, Chengdu added another Hong Kong-listed company.Red Star Capital Bureau noted that Huanlong Holdings Limited (2260.HK, “Huanlong Holdings “) successfully listed on the main board of the Hong Kong Stock Exchange, which is the first new issue on the HKEX in 2022.Public information shows that Huanlong Holdings is mainly engaged in the design, manufacture and sales of papermaking blankets under the brands VANOV and Gobear.According to the Frost Sullivan Report, the company was ranked fourth among the leading paper blanket manufacturers in China in terms of revenue by 2020, with a market share of approximately 5.8%.Earnings from 2018 to 2020 were 159 million yuan, 167 million yuan and 182 million yuan, respectively, with profits of 37.206 million yuan, 35.77 million yuan and 10.013 million yuan, according to the prospectus.Red Star Capital bureau noted that Dragon holdings’ first day of listing opened high at HK $1.27 / share, up 4.1%, intraday at one point up 20.47%.At the end of Jan. 11, Huanlong was up 0.82% at HK $1.230 a share.Huanlong Holdings Chengdu Business Daily – Red Star news reporter Yu Yao Shen Mengyun