IPO Plus - IPO

Name▼ / Code▼	Industry	Offer Price	Lot Size	Entry Fee	Closing Date	Grey Market Date▼	Listing Date▲
Xunfei Healthcare 02506.HK	Application Software	82.8	50	N/A	2024/12/23	Data is not available	2024/12/30
InnoScience 02577.HK	Semiconductors & Semiconductor Equipment	30.86-33.66	100	3,400	2024/12/23	Data is not available	2024/12/30
HealthyWay 02587.HK	Health Care Services	7.8-8.8	500	4,444	2024/12/23	Data is not available	2024/12/30

Name▼

Code▼

Industry

Offer Price

Lot Size

Entry Fee

Closing Date

Grey Market Date▼

Listing Date▲

Xunfei Healthcare
02506.HK

Application Software

82.8

N/A

2024/12/23

Data is not available

2024/12/30

InnoScience
02577.HK

Semiconductors & Semiconductor Equipment

30.86-33.66

100

3,400

2024/12/23

Data is not available

2024/12/30

HealthyWay
02587.HK

Health Care Services

7.8-8.8

500

4,444

2024/12/23

Data is not available

2024/12/30

Summary

We are a real estate developer in the PRC focusing on the development and sales of residential properties. Headquartered in Shanghai and deeply rooted in Anhui Province, we have established our presence in the Yangtze River Delta. Since the establishment of our predecessor, Anhui Sanxun Investment, in 2004, we have been strategically focusing on the real estate market in Anhui Province, and expanded our operation from core prefecture-level cities to county-level cities in the province. We have also successfully expanded into the real estate markets of Shandong and Jiangsu provinces recently. According to Wind (萬德數據庫), Anhui’s real estate market accounted for 4.13% of the entire real estate market in the PRC in 2018 based on the gross operating income of real estate developers. As of April 30, 2021, our Group had a total of 44 projects at various stages of development, covering 12 cities in three provinces with an aggregate land bank of 4.3 million sq.m., composed of completed GFA of completed properties of 0.24 million sq.m., GFA of properties under development of 3.45 million sq.m. and GFA of properties held for future development of 0.61 million sq.m., respectively. As of the same date, our GFA of properties held for future development accounted for 14.2% of our total land bank. At the early stage of our development, we mainly focused on the property markets in lower-tier cities and their surrounding cities with relatively low urbanization rate, while in recent years we commenced expanding into the property markets in second-tier cities. We achieved rapid growth during the Track Record Period. Our revenue increased from RMB723.9 million in 2018 to RMB3,108.7 million in 2019 and further to RMB3,946.1 million in 2020. Our land bank increased from 3.9 million sq.m. as of December 31, 2018 to 4.3 million sq.m. as of April 30, 2021. According to EH Consulting (億翰智庫), we ascended to No. 71 in 2020 from No. 82 in 2019 among the Top 100 Real Estate Developers in the PRC in terms of brand value. Additionally, our ranking was improved to No. 85 in 2020 from No. 91 in 2019 based on comprehensive performance. Adhering to the development philosophy of “Creating a Happy Life (創造幸福生活),” we have developed different product lines, including “New Chinese (新中式)” and “College Style (學院風)”, distinguished primarily by exterior designs. Each product line offers diversified products catering to the needs of different customer bases, including first-time homebuyers (剛需型), first-time home upgraders (剛改型) and optional home upgraders (改善型). We also refine our product lines continuously as customer demands evolve. In addition, we aim to provide quality living experience to customers and promote environmental and health concepts when designing our products. We adopt a systematic approach to the property development process and have implemented standardized procedures to accelerate asset turnover and enhance operational efficiency throughout the project cycle. We believe our operation model has enabled us to achieve relatively high operational efficiency and low leverage ratio. As a result of our efficient operation and quality products, we have quickly grown from a local property developer to a multi-regional quality residence provider, meeting the housing needs of different types of homebuyers. We believe our high-efficiency operational model will enable us to replicate our success in Anhui to more regions in China and further improve our market position and competitiveness. Source: Sanxun Group (06611) Prospectus (IPO Date : 30/06/2021)
Listing Market	MAIN
Industry	Property Development
Background	Others
Major Business Area	N/A

Corporate Information

Substantial Shareholders	Qian Kun (64.38%) Qian Bing (5.57%)
Directors	Qian Kun (Chairman and Executive Director) An Juan (President and Chief Executive Officer and Executive Director) Zhang Xiaohui (Executive Director) Tao Qingchen (Executive Director) Tong Yu (Independent Non-Executive Director) Wang Ye (Independent Non-Executive Director) Gao Bo (Independent Non-Executive Director)
Company Secretary	Cheung Yuet Fan Zhang Ya
Principal Bankers	Agricultural Bank of China Limited China Merchants Bank China Construction Bank
Solicitors	Sidley Austin
Auditors
Registered Office	46th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong
Share Registrars	Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No	(852) 2862-8628
Internet Address	http://www.sanxungroup.com
Email Address	IR@sanxungroup.com
Tel No	(86 21) 3328-0686
Fax No

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