China's cartoon-featured food maker Jintan submitted an application for a Hong Kong listing on Monday.
This IP-themed snack company said it has established five major production bases across China, covering five major product types, including candies, cookies, puffed snacks, chocolate, and seaweed snacks.
It owned 26 licensed IPs, including Sanrio, Crayon Shin-chan, Chiikawa, My Little Pony, and Ne Zha 2, marking the largest number of licensed IPs in China as of June, according to the F&S Report.
With a market share of 7.6 percent in 2024, the firm stood as the largest IP-themed snack company in China, citing the F&S Report.
In the six months ended in June, Jintan saw its net profit rise 13.5 percent to 70 million yuan (HK$76.3 million), while its revenue increased 9.8 percent to 443.9 million yuan.
The company plans to use the initial public offering proceeds to enhance product development capabilities and brand awareness, expanding sales network, sales and marketing team, enriching IP portfolio and so on.
China Merchants Securities (6099) and China Galaxy International Securities are joint sponsors.
