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How Angelalign Technology Inc (6699.hk) Become The Hottest Hong Kong IPO in 2021

Angelalign Technology Inc (6699.hk) is a leading clear aligner treatment solution provider in China. It’s IPO price was set at HKD 173 with 200 share per lot. There were about 792,400 subscriptions for its IPO. On it’s debut June 16 2021, the share close at HKD 401 which provide 131.79% return and HKD 45,600 profit per lot. The share reach it’s high at HKD 490, which provide 183.23% return and HKD 63,400 profit per lot.

More Detail About Angelalign Technology Inc (6699.hk)

China’s clear aligner treatment solution market is highly concentrated. According to its IPO prospect, Angelalign Technology Inc account for 41% market share. The company currently market four lines of clear aligners. Total sales volume increase from 77,700 in 2018 to 137,600 in 2020. However the average sales price decreased from RMB 8,400 in 2018 to RMB 7,500 in 2019, and increased slightly to RMB 7,700 in 2020.

Revenue increased from RMB 488.4 million in 2018 to RMB 816.5 million in 2020. Gross profit increase from RMB 311.7 million in 2018 to RMB 575 million in 2020. Net profit increase from RMB 58.1 million in 2018 to RMB 150.9 million in 2020.

Gross profit margin increase from 63.8% in 2018 to 70.4% in 2020. Net profit margin increase form 11.9% in 2018 to 18.5% in 2020.

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