New stock news | Committed to building an international blackout curtain brand, Grand Holdings Group filed for the Hong Kong Stock Exchange's GEM board.

According to the disclosure of the Hong Kong Stock Exchange on April 11, Gran Holdings Group Limited (referred to as "Gran Holdings Group") has submitted a listing application to the Hong Kong Stock Exchange GEM board, with Dahua Mahjong as its exclusive sponsor and Lingfeng Capital as its exclusive financial advisor. The prospectus shows that Gran Holdings Group is a mature manufacturer of sunshades and blackout curtains for overseas markets, with the Netherlands, the UK, Chile, France, and Australia being its main sales countries during the reporting period. According to a Frost & Sullivan report, among the top five sunshade and blackout curtain manufacturers in China, Gran Holdings Group is the only manufacturer with overseas production bases, ranking third in total revenue in China's sunshade and blackout curtain manufacturers by 2023. Gran Holdings Group manufactures roller blinds, soft curtains, pleated curtains, honeycomb blinds, venetian blinds, and accessories sold to international customers through its own brand sales company, while also purchasing other sunshade and blackout curtain products not part of its internal product mix for trade sales to customers. During the reporting period, the sunshade and blackout curtains manufactured internally by the company were divided into standardized products and customized products. According to Frost & Sullivan data, sunshade and blackout curtain manufacturers in China operate in a highly fragmented environment. In 2023, the top five market participants in China reached approximately RMB 1.195 billion in total sales revenue for sunshade and blackout curtain products, accounting for about 3.4% of the global value of sunshade and blackout curtain products. Gran Holdings Group has two production facilities to support its business, namely, the China production facility and the Poland production facility. The company's China production facility has eight production lines for standardized products and accessories, one production line for customized products, as well as research and quality control laboratories, with a total construction area of approximately 36,960 square meters. The company's Poland production facility has three production lines for customized products, with a construction area of approximately 5,340 square meters. In terms of finances, in the fiscal years 2023 and 2024, Gran Holdings Group achieved revenues of approximately RMB 259 million and RMB 257 million respectively; with net profits for the year of approximately RMB 15.579 million and RMB 67.95 million respectively.