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深圳大卖冲击港股IPO 卖3C数码年收60亿

花少 2025-12-31 09:37
花少 2025/12/31 09:37

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文章重点介绍跨境电商企业绿联科技冲击港股IPO及行业热潮,提供关键数据和策略。

1. 绿联科技IPO进展:拟在港交所主板上市,2023年上半年总营收38.57亿元,同比增长40.60%;净利润2.75亿元,同比增长32.74%。境外营收占比59.51%,预计今年收入迈入70亿元台阶。

2. 企业实操干货:绿联从OEM代工转型自有品牌“UGREEN”,以电商模式出海,通过苹果MFi认证拓展市场;线上线下渠道同步拓展,包括进驻美国Walmart、Costco等国际卖场及自有网络。

3. 行业案例:其他跨境大卖如厦门吉宏股份已成功在港上市,上半年跨境电商收入占比65.4%;湖北香江电器、深圳卧安机器人等也冲击港股,显示资本市场政策开放推动行业上市热。

绿联科技的品牌建设案例揭示营销、渠道和产品策略干货。

1. 品牌营销与渠道建设:通过自有品牌“UGREEN”在亚马逊、速卖通等平台出海,并拓展线下渠道如Walmart、Costco,提升全球影响力;品牌路线从“性价比”转向“技术溢价”,借助苹果MFi认证强化信任背书。

2. 产品研发与消费趋势:产品线从单一配件扩展至移动电源、扩展坞、NAS私有云等多元化电子品类,迎合跨境电商增长趋势;境外营收占比高,显示用户行为偏好海外市场扩张机遇。

3. 价格竞争启示:企业抓住电商时代机遇,从高清线切入口起步,快速扩张品类,实现年均高增长;案例中吉宏股份等跨境品牌同样利用社交电商模式提升收入,占比65.4%。

跨境电商上市热潮提供政策、机会和风险学习点。

1. 政策解读与增长市场:港股上市政策调整推动企业IPO,如绿联科技、吉宏股份成功案例;绿联上半年营收增长40.60%,显示境外市场强劲需求,占比59.51%。

2. 消费需求变化与机会提示:企业转型从OEM代工到自有品牌,可学习绿联抓住电商机遇,扩展产品线;事件应对如开拓线下渠道应对风险,提升稳健性;最新商业模式包括社交电商(吉宏股份)和AI家庭机器人(卧安机器人)应用。

3. 风险提示与可学习点:上市后需专注内在实力提升,适应市场变化;正面影响如资本助力(绿联深交所上市募资8.8亿),负面影响如政策不确定性,合作方式包括平台招商和国际卖场进驻。

制造业启示:绿联科技案例展示从代工向品牌转型的商业机会和数字化方向。

1. 产品生产和设计需求:绿联从3C数码起家,扩展移动电源、扩展坞等多元产品设计,满足市场需求;苹果MFi认证体现高标准生产要求,可借鉴提升设计能力。

2. 商业机会推进:转型自有品牌“UGREEN”带来年收60亿增长,利用电商模式出海打开海外渠道;其他企业如香江电器主营电器类产品收入占比79.2%,展示家电制造机会。

3. 数字化和电商启示:企业通过亚马逊、速卖通等平台数字化销售,实现线上规模后拓展线下;OEM代工经验启示专注研发可规避价格竞争,如绿联从性价比转向技术溢价。

行业发展趋势揭示技术、痛点和解决方案干货。

1. 行业发展趋势:跨境电商上市潮持续升温,如绿联科技拟港股IPO,吉宏股份已实现A+H上市;整体行业受政策开放推动,显示增长活力,上半年多家企业营收超30亿。

2. 新技术与应用:企业利用苹果MFi认证等技术强化品牌合作;案例中卧安机器人涉及AI技术应用,瞄准家庭具身机器人领域;传音控股拓展储能和电动两轮车等新业务线。

3. 客户痛点与解决方案:品牌建设需求凸显,绿联通过线上线下渠道整合解决市场覆盖痛点;数据示例如绿联境外营收占比59.51%,提供数字工具支持,助力客户提升全球化销售。

企业对平台的需求和做法提供招商与运营管理干货。

1. 商业对平台需求:企业如绿联科技依赖亚马逊、速卖通、Lazada等平台拓展电商销售,需平台招商支持;传音控股在东南亚等市场进入Top5,显示平台吸引品牌入驻需求。

2. 平台最新做法:绿联进驻线下卖场如Walmart、Costco,启示平台整合线上线下渠道;吉宏股份利用跨境社交电商成功,占比65.4%,提供新运营模式参考。

3. 招商与风向规避:平台可参考上市企业案例招商,如多家公司冲击IPO带来合作机会;风险提示如专注内在实力,运营管理上需审时度势,避免政策变化风向。

产业新动向和商业模式分析提供政策启示。

1. 产业新动向与问题:跨境电商IPO热潮兴起,绿联科技、吉宏股份等代表企业登陆港股;政策法规如港股调整推动上市,显示行业活力,但上市后需适应市场新问题确保稳健。

2. 政策建议与商业模式:绿联从OEM转型品牌模式,产品线扩展至NAS私有云等,提供成功案例;建议专注内在实力提升,如财报数据支撑增长(绿联上半年净利增32.74%)。

3. 商业模式启示:企业如香江电器主攻电器类产品占比79.2%,展示多元化策略;资本布局如A+H双平台(吉宏股份),研究者可分析其对行业可持续性的影响。

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声明:快读内容全程由AI生成,请注意甄别信息。如您发现问题,请发送邮件至 run@ebrun.com 。

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Quick Summary

Cross-border e-commerce firm Ugreen Technology is pursuing a Hong Kong IPO, highlighting a broader industry trend. Key data and strategies are provided.

1. IPO Progress: Ugreen plans a main board listing on the Hong Kong Stock Exchange. H1 2023 total revenue reached RMB 3.857 billion, up 40.60% YoY; net profit was RMB 275 million, up 32.74% YoY. Overseas revenue accounted for 59.51%, with full-year revenue expected to surpass RMB 7 billion.

2. Business Strategy: Ugreen transitioned from OEM manufacturing to its own brand "UGREEN," going global via e-commerce and leveraging Apple's MFi certification. It expanded both online and offline channels, including entry into international retailers like Walmart and Costco in the US, alongside its own network.

3. Industry Context: Other cross-border sellers like Xiamen Jinhong Co., Ltd. have successfully listed in Hong Kong, with cross-border e-commerce comprising 65.4% of its H1 revenue. Firms like Hubei Xiangjiang Electric and Shenzhen Woan Robotics are also seeking Hong Kong listings, indicating a sector boom fueled by favorable capital market policies.

Ugreen's brand-building case offers insights into marketing, channel, and product strategies.

1. Marketing & Channel Development: The "UGREEN" brand expanded globally via platforms like Amazon and AliExpress, complemented by offline channels like Walmart and Costco, boosting global influence. Its brand positioning shifted from "cost-effectiveness" to "technology premium," reinforced by Apple MFi certification for credibility.

2. Product R&D & Consumer Trends: The product line diversified from basic accessories to power banks, docking stations, NAS private clouds, and other electronics, aligning with cross-border e-commerce growth. High overseas revenue share indicates opportunities in international market expansion.

3. Competitive Insights: The company capitalized on the e-commerce era, starting with HDMI cables and rapidly expanding its catalog to achieve high annual growth. Similarly, brands like Jinhong Co. leveraged social e-commerce, which contributed 65.4% to its revenue.

The wave of cross-border e-commerce listings offers lessons on policy, opportunities, and risks.

1. Policy & Market Growth: Adjustments to Hong Kong listing policies are driving IPOs, as seen with Ugreen and Jinhong Co. Ugreen's 40.60% H1 revenue growth and 59.51% overseas revenue share reflect strong international demand.

2. Evolving Demand & Opportunities: The transition from OEM to branded operations, exemplified by Ugreen seizing e-commerce opportunities and expanding product lines, is instructive. Risk mitigation strategies include developing offline channels for resilience. Emerging models include social e-commerce (Jinhong Co.) and AI home robotics (Woan Robotics).

3. Risks & Lessons: Post-IPO, companies must focus on strengthening core competencies to adapt to market shifts. Positive impacts include capital injection (e.g., Ugreen raised RMB 880 million in a Shenzhen listing), while negatives involve policy uncertainty. Collaboration models include platform partnerships and entry into international retail chains.

Ugreen's case offers manufacturing insights on transitioning from OEM to branded operations and digitalization.

1. Production & Design Needs: Starting with 3C digital accessories, Ugreen expanded into diverse products like power banks and docking stations to meet market demand. Apple MFi certification demonstrates high production standards, offering a benchmark for improving design capabilities.

2. Business Opportunities: The shift to the "UGREEN" brand drove annual revenue to approximately RMB 6 billion, using e-commerce to access overseas markets. Other firms, like Xiangjiang Electric (79.2% revenue from appliances), highlight opportunities in household goods manufacturing.

3. Digital & E-commerce Insights: Companies utilize platforms like Amazon and AliExpress for digital sales, scaling online before expanding offline. OEM experience shows that focusing on R&D can avoid price wars, as Ugreen moved from cost-effectiveness to a technology premium strategy.

Industry trends reveal technological developments, pain points, and solutions.

1. Industry Trends: The cross-border e-commerce listing wave continues, with Ugreen planning a Hong Kong IPO and Jinhong Co. achieving a dual A+H listing. Policy openness fuels sector vitality, with multiple firms reporting H1 revenues exceeding RMB 3 billion.

2. Technology & Applications: Companies use technologies like Apple MFi certification to enhance brand partnerships. Cases like Woan Robotics involve AI applications targeting the home embodied robotics sector. Transsion Holdings is expanding into new areas like energy storage and electric two-wheelers.

3. Client Pain Points & Solutions: Brand-building needs are prominent. Ugreen addressed market coverage challenges by integrating online and offline channels. Data points like its 59.51% overseas revenue share underscore the need for digital tools to support clients' global sales expansion.

Enterprise needs and practices provide insights for merchant recruitment and platform operations.

1. Platform Demands: Companies like Ugreen rely on platforms like Amazon, AliExpress, and Lazada for e-commerce expansion, requiring merchant recruitment support. Transsion Holdings ranking in the Top 5 in Southeast Asia illustrates the demand for platforms to attract brands.

2. Platform Strategies: Ugreen's entry into offline retailers like Walmart and Costco highlights the value of integrated online-offline channels. Jinhong Co.'s success with cross-border social e-commerce (65.4% of revenue) offers a reference for new operational models.

3. Recruitment & Risk Management: Platforms can recruit merchants by referencing listed company cases, as numerous IPOs present partnership opportunities. Risks include the need for merchants to strengthen internal capabilities; operational management must be adaptable to avoid policy shifts.

Industry developments and business model analyses offer policy implications.

1. Trends & Issues: A cross-border e-commerce IPO wave is emerging, with representative firms like Ugreen and Jinhong Co. listing in Hong Kong. Regulatory adjustments facilitating listings demonstrate sector vitality, but post-IPO adaptability is crucial for stability.

2. Policy & Business Models: Ugreen's transition from OEM to branded operations, with product line expansion into NAS private clouds, provides a successful case study. Recommendations include focusing on internal strength building, supported by financial data (e.g., Ugreen's H1 net profit grew 32.74%).

3. Model Implications: Companies like Xiangjiang Electric, focusing heavily on appliances (79.2% of revenue), demonstrate diversification strategies. Capital structures like dual A+H listings (Jinhong Co.) are areas for researchers to analyze regarding industry sustainability.

Disclaimer: The "Quick Summary" content is entirely generated by AI. Please exercise discretion when interpreting the information. For issues or corrections, please email run@ebrun.com .

I am a Brand Seller Factory Service Provider Marketplace Seller Researcher Read it again.

01拟港股上市

今年以来,政策春风吹进跨境圈,越来越多的跨境大卖将目光投向国际资本市场,掀起一轮赴港IPO热潮。

眼下,2025即将画上句号,从3C数码起家的绿联科技也赶着年末节点,加入了港股冲刺大军。据绿联科技最新公告,经董事会审议通过,公司拟发行境外上市股份(H股)并申请在港交所主板上市。

对于绿联科技,了解3C数码类目的卖家应该不陌生,它和安克创新类似,起家业务都围绕充电器、数据线等3C数码品类,同时也都成长在电商时代。

2012年,绿联科技在深圳成立。彼时,创始人张清森已经在外贸OEM代工这条路上积累了不少经验。虽然代工赚了些钱,但长期缺乏议价权的局面,让张清森深感危机。于是,张清森带着团队,从国内电商做起,以高清线为切入口,迅速扩张品类,短短三年做到行业头部。

2014年,绿联科技再次抓住时代机遇,选择以电商模式出海,以“UGREEN”自有品牌,将业务拓展至亚马逊、速卖通、Lazada等跨境电商平台。期间,绿联科技拿到苹果MFi认证,这一品牌合作背景也为其全球化销售打下了坚实基础。

如今,绿联科技持续延伸产品线,已经完成从单一配件商向多元化消费电子品牌的转型,旗下产品覆盖移动电源、扩展坞、NAS私有云等品类,品牌路线也逐步从“性价比”转向“技术溢价”。

据绿联科技半年报,今年上半年,公司总营收38.57亿元,同比增长40.60%;净利润达2.75亿元,同比增长32.74%。其中,境外营收22.95亿元,占比约59.51%。照这个增长趋势,今年绿联科技营收有望在去年61亿元的基础上,继续大幅提升,迈入70亿元台阶。

在线上市场做出规模后,绿联科技也积极开拓线下渠道。一方面,进驻本土主流卖场,如美国Walmart、Costco;欧洲Media Markt;日本Bic Camera、Yodobashi Camera。另一方面,为了提升品牌影响力,绿联科技也积极发展自有销售网络,比如在商场开店。

值得一提的是,去年7月,绿联科技已在深交所创业板成功挂牌上市,并募集资金总额约8.8亿元。按最新股价58.12元估算,目前绿联科技市值约247.5亿元。

可以预见,未来,若港股IPO顺利推进,绿联科技还将获得更强劲的发展动力,继续在出海赛道上狂飙突进。

02跨境电商上市热

其实,不止绿联科技,随着资本市场逐步放开,特别是港股上市政策有所调整,跨境电商企业又正需要国际资本助力,因此可以看到,这两年,越来越多的跨境大卖冲击港股IPO,有的是初次上市,有的是致力于实现“A+H”双平台资本布局。

比如今年5月,主营纸质包装产品以及跨境社交电商业务的厦门吉宏股份成功在港交所主板挂牌上市,成为第一家完成A+H两地上市的跨境电商公司。

财报数据显示,今年上半年,吉宏股份总营收32.34亿元,其中跨境社交电商业务收入为21.16亿元,占比达65.4%。

今年6月,主营家居家电制造及销售的湖北香江电器在多次冲击深交所未能成功后,正式在港交所挂牌上市。

据香江电器财报,公司主营电器类家居产品,如空气炸锅、电热水壶、搅拌机、打蛋器、电子秤、加湿器;次营非电器类家居产品,如花园水管,锅具、清洁用具。去年,香江电器总收入超15亿元,净利润1.4亿元。其中,电器类家居用品收入超11亿元,占比79.2%;非电器类家居用品收入超3亿元,占比20.8%。

与此同时,更多跨境电商公司递交招股书,吹响港股上市的号角。6月,深圳卧安机器人向港交所提交招股书,近日已通过港交所上市聆讯。若顺利IPO,那么其将成为AI家庭具身机器人领域第一股。

本月初,“非洲手机之王”传音控股考正式向港交所提交招股书。在东南亚、非洲、拉美、中东四大市场,传音控股均进入当地手机厂商Top5。现在,传音控股大力投入储能和电动两轮车,业务线进一步扩展。

可以看到,事业蒸蒸日上、资本市场政策开放等因素共同推动下,越来越多的跨境大卖或上市成功,或奔走在上市之路。这不仅展现了整个行业的发展活力,也彰显了资本市场对跨境电商的信心与认可。

当然,上市不是终点,而是新的起点。未来企业出海,各项战略更需审时度势。只有更加专注内在实力的提升,不断适应市场变化,才能保障上市稳妥、业务稳健,出海事业行稳致远。

注:文/花少,文章来源:跨境必读(公众号ID:ec-news),本文为作者独立观点,不代表亿邦动力立场。

文章来源:跨境必读

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