IPO, A Home Textile Manufacturer, Is Expected To Make Bigger Profits In Hong Kong Stock Market.

Hai Ling Meng home Limited by Share Ltd (hereinafter referred to as "Hai Ling Meng home") to submit the prospectus of Hong Kong stock, state securities (Hongkong) Co., Ltd. is its exclusive sponsor.

As China's leading manufacturer of home textiles, Hai Ling's dream home production base is located in Jiangsu province. At present, it operates 39 bed product lines and nine curtain lines.

As of December 31, 2018, the annual production capacity of the company's production facilities is about 10 million 100 thousand sets of bedding and 612 thousand meters of curtains.

Statistics show that from 2016 to 2018 (hereinafter referred to as the "reporting period"), the income of the company's bed products and curtains was 800 million yuan (RMB, the same below), 846 million yuan, and 877 million yuan, of which the main source of income came from bedding suits, followed by quilt suits.

During the reporting period, the profit margin of Hai Ling's dream house was 157 million yuan, 106 million yuan and 129 million yuan respectively, and the profit ratio was 64 million 521 thousand yuan, 18 million 409 thousand yuan and 31 million 663 thousand yuan in the year.