New Ruipeng Pet Group Inc.
We are China’s largest one-stop pet care platform. We operate more than 1,900 pet hospitals in China.
**Note: Our holding company, incorporated in the Cayman Islands, is offering the stock in our initial public offering.
We are the largest pet care platform in China and the second largest globally in terms of number of hospitals and revenue from pet care services in both 2020 and 2021, according to Frost & Sullivan. As of December 31, 2021, we had 23 pet hospital brands and 1,887 pet hospitals, approximately three times the sum of pet hospitals of our competitors that ranked the second through the tenth in China. By September 30, 2022, we had further increased our number of pet hospitals in China to 1,942. As of December 31, 2021, we had operations in 31 provinces and 111 cities, and we had an approximately 30% pet care market share in first-tier cities across China in 2021, according to Frost & Sullivan. As of September 30, 2022, we operated in 114 cities across China. We operate pet care services, supply chain services, and local services as three pillars, and have expanded into other business segments including third-party diagnosis, continued veterinary education and marketing-as-a-service. We have thus become the leading one-stop pet care platform in China in terms of number of pet hospitals, revenue and service scope, according to Frost & Sullivan, providing integrated services to pets and pet parents.
We are a pioneer in China’s pet care industry. We have operated in the pet care industry for over 20 years and are the oldest national pet hospital chain operator in China according to Frost & Sullivan. Since our inception, we have built a digitalized pet care platform covering the full lifecycle of pets, and remained true and dedicated to making pets healthier and providing superior pet care services. Through operation experience accumulated over the years, we have achieved rapid network expansion across pet care services, supply chain services and local services through a combination of organic growth and acquisitions.
**Note: Revenue and net income figures are in U.S. dollars (converted from China’s renminbi) for the year ended Dec. 31, 2021, according to the prospectus.
(Note: New Ruipeng Group Inc. filed an F-1/A dated Feb. 2, 2023, but it did not disclose terms for its IPO. New Ruipeng Group Inc. filed its F-1 on Jan. 23, 2023. The Chinese pet care company submitted confidential documents to the SEC on June 17, 2021.)
|Industry:||Pet Care & Products|
|Address||11F, Building B, Kingkey Timemark No.9289 Binhe Boulevard, Futian District Shenzhen, Guangdong Province 518042 People’s Republic of China|
|Phone Number||+86 755-8398-6686|
|View Prospectus:||New Ruipeng Pet Group Inc.|
|Revenues||$672.5 mil (last 12 months)|
|Net Income||$-184.3 mil (last 12 months)|
|Price range||$0.00 - $0.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||Morgan Stanley/ Credit Suisse/ CICC/ UBS Investment Bank|
|Expected To Trade:|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
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