IPO-Bound Tuhu Searches for Profits in Aftermarket Car Services
Key takeaways:
Tuhu has filed for an IPO in Hong Kong, after reportedly abandoning its original plan to raise up to $400 million through a U.S. listing
Intense competition in the aftermarket car services industry has kept the company firmly in the red, as it eyes new energy vehicles to turn the tide
By Ken Lo
Yi Po International Could Become First China Tech IPO In U.S. Since Didi Debacle
Key Takeaways:
Yi Po International has filed to make a modest IPO in New York, which could become the first tech offering by a Chinese firm in more than half a year
The operator of smart parking systems looks well positioned to capitalize on China’s massive car market and acute shortage of parking spaces
By Doug Young
Huadi’s Year of the Tiger Starts with a Roar, But Destined to End on a Whimper?
Key Takeaways:
Huadi International reported its revenue rose 18% in its latest fiscal year, but its profit dropped 24% on high shipping and IPO-related costs
Company’s shares were largely unchanged after results announcement, but have rallied sharply since last October on what looks like speculative trading
By Doug Young
Ganfeng Lithium Profit Soars On Skyrocketing Prices, as Company Moves Into Batteries
Key takeaways:
Ganfeng Lithium said its profit last year surged as much as 4.37 times on soaring lithium prices
Company’s new battery-related projects and new production capacity could provide important future growth engines
By Fai Pui
Missfresh Tries To Tempt Investors With Value-Added Offerings
Key takeaways:
• Missfresh has launched a series of value-added initiatives in its bid to achieve profitability by selling more higher-margin products outside its core online grocery business
• Company’s stock is down more than 70% since its debut in the U.S. last June
Jiangsu Recbio Shoots To Become Hong Kong’s First HPV Vaccine Stock
Key takeaways:
Jiangsu Recbio has filed a second IPO application to list in Hong Kong, hoping to become the first HPV vaccine maker in the market
The company was valued at around 9 billion yuan after its latest funding round
By Molly Wen
Daqo Taps Richly-Valued China-Listed Unit to Raise $1.7 Billion For Expansion
Key takeaways:
Daqo New Energy will tap its China-listed subsidiary to raise funds for construction of a major new production facility in Inner Mongolia
Daqo’s holdings in the China-listed unit, Xinjiang Daqo, are worth more than four times its own latest market value
By Doug Young
New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report
Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector
By Bamboo Works team