New stock news | China's leading coffee machine maker GeMaiLe submitted its listing application to the Hong Kong Stock Exchange, with an estimated market share of about 7.5% by 2024.

According to the disclosure by the Hong Kong Stock Exchange on January 29th, Gemilai Holdings Limited (referred to as "Gemilai") has submitted its listing application to the main board of the Hong Kong Stock Exchange, with CITIC SEC as its exclusive sponsor. Company Profile Gemilai is a leading professional coffee machine company in China, committed to leading a better life with coffee. Over the past decade, the company has established a comprehensive business model covering product design, research and development, manufacturing, sales, and after-sales service, achieving full coverage of the value chain in the coffee machine industry. The company's products are distributed to over 60 countries and regions worldwide, with cumulative sales exceeding 2 million units. The company has served over 400,000 users and has become a representative Chinese coffee machine brand entering the international market. Gemilai has developed a series of Italian coffee machine products suitable for various usage scenarios such as homes, offices, restaurants, and cafes, with a rich SKU portfolio providing professional, reliable, and aesthetically pleasing coffee-making equipment for different user groups. In addition, the company has expanded its product line to include professional coffee grinders, coffee beans, and other coffee machine accessories. The company's self-owned brand "Gemilai" adheres to the values of "professional excellence, interpreting the essence of good coffee; clever design, creating excellent product experience; and creating beauty, achieving quality life". With continuous technical research and development, the company solidifies its professional foundation, elevating Italian coffee machines from mere functional equipment to lasting partners that enhance daily life and improve quality of life. According to Frost & Sullivan, in terms of revenue, the company ranks as the second-largest coffee machine brand in China and the largest domestically, with a market share of approximately 7.5% in 2024. In the same year, in terms of revenue, the company is the largest brand in the Chinese semi-automatic Italian coffee machine industry, with a market share of about 16.0%, also leading in the segmented semi-automatic Italian coffee machine industry with a market share of 27.9%. Financial Data Revenue: In the financial years ending in 2023, 2024, and the nine months ending on September 30, 2025, Gemilai achieved revenues of approximately RMB 308 million, RMB 498 million, and RMB 449... Profit In the financial years ending in 2023, 2024, and the nine months ending on September 30, 2025, Gemilai achieved annual/period profits and total comprehensive income of approximately RMB 22.05 million, RMB 40.05 million, and RMB 53.97 million... Gross Margin In the financial years ending in 2023, 2024, and the nine months ending on September 30, 2025, the company's gross margins were 41.9%, 40.5%, and 44.1% respectively... Industry Overview According to Frost & Sullivan, the global coffee machine market size increased from $15.3 billion in 2019 to $30.6 billion in 2024, with a compound annual growth rate of 14.9%. The market size is expected to further expand to $59.5 billion by 2029, with a compound annual growth rate of 14.1%. Segmented by application scenarios, the global coffee machine market expanded significantly from 2019 to 2029. The household coffee machine market increased from $9.3 billion in 2019 to $20.6 billion in 2024, with a compound annual growth rate of 17.2%, and is expected to reach $43.3 billion by... Commercial coffee machine market grew from $6.0 billion in 2019 to $10.0 billion in 2024, with a compound annual growth rate of 10.8%, expected to reach $16.2 billion by 2029 with a compound annual growth rate of 10.1%. Compared to the commercial segment, the residential segment is expanding faster, reflecting the increasing demand for convenient home brewing solutions, while commercial demands from coffee shops, restaurants, and office spaces remain stable. Chinese coffee machine market size increased from RMB 20 billion in 2019 to RMB 53 billion in 2024, with a compound annual growth rate of 21.5%. The market size is expected to further expand to RMB 125 billion by 2029, with a compound annual growth rate of 18.7%. Segmented by application scenarios, the Chinese coffee machine market expanded significantly from 2019 to 2029. The household coffee machine market increased from RMB 11 billion in 2019 to RMB 38 billion in 2024, with a compound annual growth rate of 28.1%, expected to reach RMB 103 billion by 2029, with an estimated compound annual growth rate of 22.1%. The commercial coffee machine market grew from RMB 9 billion in 2019 to RMB... According to sales channel divisions, the online market rapidly increased from RMB 13 billion in 2019 to RMB 42 billion in 2024, with a compound annual growth rate of 26.4%, expected to reach RMB 109 billion by 2029, with a compound annual growth rate of 21.0%. The offline market increased from RMB 7 billion in 2019 to RMB 11 billion in 2024, with a compound annual growth rate of 9.5%, expected to reach RMB 16 billion by 2029, with a compound annual growth rate of 7.8%. According to functional type divisions, the Chinese coffee machine market can be divided into fully automatic Italian coffee machines, semi-automatic Italian coffee machines, and other coffee machines. The market size of fully automatic Italian coffee machines increased from RMB 4 billion in 2019 to RMB 15 billion in 2024, with a compound annual growth rate of... The market size of semi-automatic Italian coffee machines increased from RMB 6 billion in 2019 to RMB 25 billion in 2024, with a compound annual growth rate of 33.0%, expected to reach RMB 71 billion by 2029, with a compound annual growth rate of... Other coffee machines grew more slowly, increased from RMB 10 billion in 2019 to RMB 13 billion in 2024, with a compound annual growth rate of... According to functional type divisions, the Chinese semi-automatic Italian coffee machine market can be divided into integrated grinding semi-automatic Italian coffee machines and split semi-automatic Italian coffee machines. The market size of integrated grinding semi-automatic Italian coffee machines increased from RMB 3 billion in 2019 to RMB 11 billion in 2024, with a compound annual growth rate... Split semi-automatic Italian coffee machines increased from RMB 3 billion in 2019 to RMB 14 billion in 2024, with a compound annual growth rate... Board of Directors Information The company's Board of Directors consists of two executive directors and three independent non-executive directors. Equity Structure Ms. Xie (Chairman and Executive Director of the Board) holds approximately 47.24% equity in the company through her investment holding entities, Gem Core International (wholly owned by Ms. Xie) and Brew Bond Capital (wholly owned by Gem Core International). Intermediary Team Exclusive Sponsor: CITIC SEC (HONG KONG) LIMITED Legal Advisors: Hong Kong Law: King & Wood Mallesons; Chinese Law: Zhong Lun Law Firm; Cayman Islands Law: Ogier Law Firm; International Sanctions Law: Commerce & Finance Law Offices LLP Legal Advisors of the Exclusive Sponsor: Hong Kong Law: Deacons; Chinese Law: Tungshang Law Firm Reporting Accountants: Deloitte Touche Tohmatsu Industry Consultants: Frost & Sullivan (Beijing) Consulting Co., Ltd. Shanghai Branch Compliance Advisors: Ho Capital Limited