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To-be Listed (Grey Market Trading Session: 16:15-18:30)
Name
/
Code
Industry Listing Price Lot Size Entry Fee Phillip Grey Market Futu (HK) Grey Market
Anjoy Foods
02648.HK
Grey Market Today
Packaged Foods 60.000 100 6,667
-
-
Detail Quote
Last update: 2025-07-02 12:30:06
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
FWD
01828.HK
Life & Health Insurance 38 100 N/A 2025/07/02 2025/07/04 2025/07/07
Fortior
01304.HK
Semiconductors & Semiconductor Equipment N/A 100 12,172 2025/07/04 2025/07/08 2025/07/09
Shougang Lanza
02553.HK
Diversified Chemicals 14.5-18.88 200 3,814 2025/07/04 2025/07/08 2025/07/09
Geekplus-W
02590.HK
Advanced hardware and software 16.8 200 N/A 2025/07/04 2025/07/08 2025/07/09
Xunzhong
02597.HK
Telecommunication Services 13.55-15.15 500 7,651 2025/07/04 2025/07/08 2025/07/09
Dazhong Dental
02651.HK
Health Care Services 20-21.4 100 2,162 2025/07/04 2025/07/08 2025/07/09
Lens
06613.HK
Next-generation information technology 17.38-18.18 200 3,673 2025/07/04 2025/07/08 2025/07/09
Sunshine Pharma
06887.HK
Pharmaceuticals N/A 100 N/A N/A Not applicable 2025/08/07
Summary
We are a leading genetic testing platform company in China with a focus on consumer genetic testing and cancer screening services. As of December 31, 2021, we performed over 12 million genetic tests since our establishment in 2016, with an average of over 246,000 tests performed per month in 2020. According to Frost & Sullivan, we are the largest consumer genetic testing platform in China in terms of the cumulative number of tests administered. Also according to Frost & Sullivan, we were the largest genetic testing platform for cancer screening in China as measured by the number of tests administered in 2020.

Our significant consumer base in China and automated facility enable us to proactively and efficiently meet the significant demands for genetic testing services in China. According to Frost & Sullivan, the market for genetic testing in China was RMB15.1 billion in 2020 and is expected to reach RMB48.7 billion in 2025 at a CAGR of 26.4% from 2020 to 2025, and is expected to further grow to RMB153.6 billion in 2030 at a CAGR of 25.8% from 2025 to 2030. The consumer genetic testing market is a subset of the genetic testing market in China and accounted for 3.1% of such market by revenue in 2020, according to Frost & Sullivan. Furthermore, the penetration rate of consumer genetic testing in 2020 was only 0.8% in China and 8.8% in the United States, which is calculated by dividing the accumulative number of consumer genetic testing users by the population of the country. Compared to the United States, China’s significantly larger population and substantially lower penetration rate represent significant potential for market growth. The number of Chinese consumers who underwent genetic testing grew at a CAGR of 69.4% from 2016 to 2020 and is expected to exceed 167.2 million by 2030. In addition, the overall penetration rate of cancer screening in China is relatively low compared to more developed countries. In China, routine colorectal cancer screening is recommended for people between 40 and 74 years old, particularly those who live in urban areas, and this population reached 632.5 million in 2019; in the United States, routine colorectal cancer screening is recommended for people between 50 and 75 years old, and this population reached 93.0 million in 2019. In 2019, the penetration rate of colorectal cancer screening was 16.4% among the population recommended for colorectal cancer screening in China, which was significantly lower than 60.1% in the United States. Gastric cancer is a more common cancer type among the East Asian population. In China, routine gastric cancer screening is recommended for people who are 40 and older, and this population reached 690.1 million in 2019. In Japan, a country whose citizens share a number of demographic traits and dietary habits with people in China, routine gastric cancer screening is recommended for people who are 50 and older, and this population reached 59.7 million in 2019. Gastric cancer had a penetration rate of 21.6% among the population recommended for gastric cancer screening in China in 2019, while Japan had a penetration rate of 43.0% in 2019. China’s rapid improvement in health awareness, payment ability and medical insurance coverage are all factors for potential growth for an already significant market. The combined market size reached approximately RMB8.8 billion in 2020 for the top five cancer screening markets in China, including gastric cancer, colorectal cancer, lung cancer, breast cancer and liver cancer, according to Frost & Sullivan.

In 2020, our market share in China’s consumer genetic testing market, as measured by the number of tests administered, exceeded 60%, which was more than ten times the number of tests administered by our closest competitor, according to Frost & Sullivan. Our market share was 34.2% in terms of revenue generated in 2020, which ranked first in China’s consumer genetic testing market and was higher than the combined market shares of our five closest competitors. In the Track Record Period, we were the only company that achieved profitability in the consumer genetic testing industry in China according to Frost & Sullivan. In the cancer screening market, we were the only company whose cumulative number of tests administered exceeded 453,000 tests as of December 31, 2021, which were significantly above the industry average according to Frost & Sullivan. In addition, our ability to provide comprehensive services by leveraging our industry-leading technology platforms and to achieve economies of scale with large sample size enables us to improve our profitability level. According to Frost & Sullivan, our gross profit margin of cancer screening services recorded 80.5% in 2020, which was significantly higher than the industry average of 60.3% in the same field in China in 2020.

We are a genetic testing company in China with integrated capabilities that cover the full cycle of upstream, midstream and downstream segments. We adopt a platform-based business model that focuses on both product development and commercialization of our services and products. As a result, we generate synergies from our combination of development with commercialization that help to grow our business. This combination enables us to become a clear market leader with high growth, sustainable profitability and a scalable business model with significant entry barriers. The diagram below illustrates our platform-based operations.

The upstream segment of our business involves technologies developed by our in-house research and development team and cooperation with our third-party partners. Our research and development efforts currently focus on the development of LDT services and IVD products. A LDT is typically not a standalone product or device, but a self-developed procedure that uses testing kits developed in-house that are not registered with the NMPA. IVD products refer to reagents or testing kits that are registered with the NMPA and are regulated as medical devices. As of December 31, 2021, we had 91 multi-dimensional commercialized testing solutions for consumer genetic testing and cancer screening that cover a wide range of prices. Out of our 91 testing solutions, 80 of them were comprised of our self-developed LDT services and 11 of them were provided with IVD testing kits procured from Independent Third Parties. In addition to our existing service portfolio, we have been developing eight IVD product candidates in our pipeline. As of the Latest Practicable Date, we have yet to obtain NMPA registration for any of our IVD product candidates. We also introduce new testing solutions from time to time to meet emerging consumer demands. For example, we developed nucleic acid testing capability and offered COVID-19-related testing services in May 2020 in response to the outbreak of the COVID-19 pandemic.



Source: Mega Genomics (06667) Prospectus (IPO Date : 2022/06/10)
Listing Market MAIN
Industry Biotechnology - Supplies & Services
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Meinian OneHealth Healthcare Holdings Co., Ltd. (16.61%)
Kastle Limited (12.16%)
Guo Meiling (11.96%)
Yu Rong & Associates (8.38%)
Niu Zhencai & Associates (5.39%)
Directors Yu Rong (Honorary Chairman and Executive Director)
Guo Meiling (Honorary Chairman and Non-Executive Director)
Lin Lin (Chairman and Executive Director)
Jiang Jing (Chief Executive Officer and Chief Financial Officer and Executive Director)
Jia Qingfeng (Independent Non-Executive Director)
Xie Dan (Independent Non-Executive Director)
Zhang Ying (Independent Non-Executive Director)
Company Secretary Ng Ka Chi
Principal Bankers Bank of Communications Co., Ltd.
Standard Chartered Bank
Solicitors DeHeng Law Offices
Auditors Ernst & Young
Registered Office Suite 1704, 17/F, Alexandra House, 18 Chater Road, Central, Hong Kong
Share Registrars Tricor Investor Services Ltd. [Tel: (852) 2980-1333]
Share Registrars Tel No (852) 2980-1333
Internet Address https://www.megagenomics.cn/
Email Address ir@megagenomics.cn
Tel No (86 400) 008-0280
Fax No
 
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