HONG KONG, Jan. 19, 2026 /PRNewswire/ -- SHIMENG SUPPLY CHAIN MANAGEMENT CO., LTD. ("SHIMENG"), an investee company of Shoucheng Holdings (0697.HK), has recently initiated its initial public offering (IPO) process on the Main Board of the Shenzhen Stock Exchange. This milestone marks another significant value-realization event within Shoucheng Holdings' industrial investment portfolio, providing a clear and verifiable catalyst that reinforces its long-term investment thesis and highlights tangible progress in the logistics and supply-chain services sector.
SHIMENG is a professional integrated supply chain logistics service provider focused on multinational manufacturing enterprises. Its service offerings cover key segments including transportation, warehousing, and customs clearance, positioning the company as an infrastructure-type service provider that connects manufacturing operations with end markets. As global manufacturing supply chains continue to evolve toward higher efficiency and greater resilience, the sector in which SHIMENG operates is supported by structurally stable demand and long-term growth potential.
Notably, the IPO represents one of the most important capitalization outcomes within Shoucheng Holdings' investment portfolio to date. Shoucheng Holdings is the largest external shareholder of SHIMENG and has been deeply involved in the company's strategic development and capital planning throughout its growth trajectory. As a Hong Kong–listed investment platform under the Shougang Group, Shoucheng Holdings has consistently focused on real-economy investments and asset management. The progression of an investee company into the IPO execution stage signals a transition from value incubation to measurable and realizable returns, carrying clear strategic and financial significance.
From a market perspective, the advancement of an IPO is widely regarded as a key indicator that a "capital realization window" has opened. IPOs represent highly transparent and observable value-realization events, helping convert the intrinsic value of an investment portfolio into tangible financial outcomes. This process may enhance market expectations regarding Shoucheng Holdings' future earnings visibility and cash-return potential, thereby providing positive support for its overall valuation profile.
According to publicly available data from Investing.com and other sources, analyst consensus on Shoucheng Holdings currently leans toward a "Strong Buy" rating. The consensus 12-month target price stands at approximately HKD 2.67, implying further upside from current trading levels. This reflects institutional investors' confidence in the company's improving fundamentals as well as the gradual monetization of its investment portfolio. In parallel, recent Stock Connect data indicate an increase in northbound fund holdings, suggesting growing interest from long-term capital in Shoucheng Holdings' medium- to long-term investment value.
Against this backdrop, the initiation of SHIMENG's IPO serves as a clear value-unlocking event within Shoucheng Holdings' portfolio. It is expected to further strengthen market recognition of the company's "industrial investment plus capital operations" strategy and enhance its attractiveness to long-term capital allocation.
In addition, Shoucheng Holdings has continued to implement share repurchase programs, signaling management's confidence in the company's current valuation and future operating and investment performance. Combined with the IPO progress of SHIMENG, these developments may be interpreted by the market as a positive convergence of valuation recovery and investment realization, providing medium-term support for the company's share price.
source: Shoucheng Holdings
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