Ipsos Business Consulting engaged as Industry Consultant by Tian Yuan Group Holdings Limited for its listing on the Main Board of the Hong Kong Stock Exchange (stock code: 6119.HK) on Jun 1, 2018.
The group is a port terminal service provider in the Shuidong port area of the Port of Maoming in Maoming, Southwest Guangdong, providing cargo uploading and unloading services and related ancillary value-added port services. The group has maintained stable relationships with certain leading companies in the petrochemical, mining and energy resources industries based in Maoming.
Ipsos Business Consulting's IPO consulting team conducted an Independent Market Review, covering the industry development, trends and competitive landscape of the port terminal services industry in the PRC. During the IPO process, Ipsos Business Consulting collaborated with the Group, IPO sponsor and its legal advisors to complete the contents of the prospectus as well as address all follow-up questions from the HKEX.
According to Ipsos Business Consulting's analysis, the revenue of the port terminal services industry in China increased from approximately US$34.6 billion in 2010 to US$53.5 billion in 2016, representing a CAGR of 7.5%. The revenue of the port terminal services industry in China is expected to increase from approximately US$56.9 billion in 2017 to US$64.7 billion in 2021, representing a CAGR of 3.3%. The revenue of the port terminal services industry in Guangdong increased at a CAGR of 11.2% from 2010 to 2016, higher than the national level. The revenue of the port terminal services industry in Guangdong is forecast to increase at a CAGR of 3.0% from 2017 to 2021. In Guangxi, the revenue of the port terminal services industry increased at a CAGR of 8.7% from 2010 to 2016, and is forecast to increase at a CAGR of 3.3% from 2017 to 2021.