CRI report: Ludao Tech (02023.HK) mainly engages in researching, developing, producing and selling aerosols and related products, including home and automobile care products, air fresheners, personal care products, insecticides, etc. It is a leading enterprise in China aerosol industry. In 2012, the annual sales revenue of Ludao Tech reached CNY 229 million and the annual output volume of aerosols was over 70 million tins.
Ludao Tech will be listed on the main board of Hong Kong Stock Exchange and its sponsor is Essence Securities. During the IPO process of Ludao Tech, CRI provided the third-party industry research and elaborately analyzed the current situation of China aerosol industry, the competition status of the market and the future development trends, which offers an industry overview for the IPO prospectus of Ludao Tech.
Ludao Tech industry research project is the second completed and successful IPO project that CRI has been involved in 2013. Before this project, CRI also participated in the industry research for China Aluminum Can (06898.HK) to be listed in Hon Kong. CRI has been involved in many projects of IPO in Hong Kong of various enterprises in various industries. Therefore, CRI has rich experience in IPO researches and can provide complete and considerate services to clients before, during and after sales.