沪上阿姨上市

5月8日，沪上阿姨正式在港交所主板挂牌上市。

今天你练听力了吗？

🤔️小作业：

1. What can be inferred about Auntea Jenny's expansion strategy?

A. It targets wealthy urban consumers in major Chinese cities

B. It relies on high-priced products to drive international growth

C. It plans to balance domestic saturation with foreign market entry

D. It intends to compete primarily on technology and automation

无注释原文：

Chinese Bubble Tea Chain Auntea Jenny's Shares Jump on Hong Kong Debut

From: Dow Jones Newswires

Chinese bubble tea chain Auntea Jenny (Shanghai) Industrial's shares surged on their trading debut in Hong Kong, the latest in a string of offerings from tea sellers.

Shares surged 56% in early trade Thursday to 176.90 Hong Kong dollars. The benchmark Hang Seng Index was 0.8% higher.

Auntea Jenny raised HK$195 million, equivalent to $25.1 million, in net proceeds, which it plans to use on enhancing its digitalization and supply chain capabilities, as well as strengthening research and development, it said in its IPO filing. The company also plans to expand overseas, with Southeast Asian countries as its first choice, as well as North America.

As of the end of 2024, Auntea Jenny had 9,176 stores, almost double from two years ago. The brand mostly sells milk tea with grain toppings and fresh fruit tea priced around $2, targeting consumers in smaller cities, with half of its stores located in China's third- or lower-tier cities.

The tea chain's 2024 revenue dropped 1.9% from the previous year to 3.28 billion yuan, or $ 454 million, while its profit declined 15% to 328.9 million yuan, which it attributed to an overall industry slowdown and intensified competition in China's tea shop industry in 2024.

China's bubble tea market is increasingly crowded and competitive after decades of growth.

Auntea Jenny joins a wave of Chinese bubble tea makers going public this year as they tap capital markets for further expansion. Mixue Group, known for its ice cream and sugary drinks priced under $1, raised $423 million in its IPO in March. Another Chinese tea brand Chagee listed on the Nasdaq last month, raising $411 million.

The size of the global freshly-made beverage market could rise to $1.10 billion in 2028, accounting for nearly half of the global beverage market, First Shanghai Securities analysts said in a research note.

Annual sales in China and Southeast Asia are expected to hit 51 and 36 cups per person, respectively, by 2028, the analysts added. That's more than double 2023 sales.

The listing also comes as IPO activity in Hong Kong heats up. Funds raised from 17 new listings in the city during the first quarter nearly quadrupled to HK$18.7 billion compared with a year earlier.

- ◆ -

注：完整题目见本文开头；中文文本为官方译文，仅供参考

含注释全文：

Chinese Bubble Tea Chain Auntea Jenny's Shares Jump on Hong Kong Debut

From: Dow Jones Newswires

Chinese bubble tea chain Auntea Jenny (Shanghai) Industrial's shares surged on their trading debut in Hong Kong, the latest in a string of offerings from tea sellers.

中国珍珠奶茶连锁企业沪上阿姨（上海）实业股份有限公司（Auntea Jenny (Shanghai) Industrial）在香港上市首日股价大涨，这是茶饮品销售商一系列上市活动中的最新一例。

surge /sɜːdʒ/ 1）作动词，表示“急剧上升；飞涨；剧增”，英文解释为“If something surges, it increases suddenly and greatly, after being steady or developing only slowly.”举个🌰：The company's profits have surged. 公司的利润激增。

2）表示“涌动，蜂拥向前”，英文解释为“to move quickly and powerfully”举个🌰：An angry crowd surged through the gates of the president's palace. 愤怒的人群涌进了总统府的大门。

3）作名词，表示“剧增”，英文解释为“A surge is a sudden large increase in something that has previously been steady, or has only increased or developed slowly.”举个🌰：An unexpected surge in electrical power caused the computer to crash. 突然出现的电压剧增导致电脑死机。

🎬电影《雷神2：黑暗世界》（Thor: The Dark World）中的台词提到：But she will not survive the amount of energy surging within her. 但她体内涌动的能量太大 她撑不住的。

debut /ˈdeɪ.bju/ 作动词，表示“首演，首次登台；首次亮相”，英文解释为“to perform or be introduced to the public for the first time”举个🌰：The Broadway show debuted last year to great acclaim. 这个百老汇节目去年首次演出就受到了广泛赞扬。

作名词，表示“（演员、运动员等的）首次登台，初次亮相；新事物的问世”，英文解释为“The debut of a performer or sports player is their first public performance, appearance, or recording.”举个🌰：She made her debut in a 1937 production of "Hamlet." 她在1937年《哈姆雷特》的演出中首次登台。

string /strɪŋ/ 1）表示“（乐器的）弦”，英文解释为“a thin wire that is stretched across a musical instrument and is used to produce a range of notes depending on its thickness, length, and tightness”举个🌰：A violin has four strings. 小提琴有4根弦。

2）表示“一系列；一连串；一批”，英文解释为“a series of things or people that come closely one after another”如：a string of hits 接二连三的成功。

1）表示“用品；剧作；作品；供消遣的产品”，英文解释为“something that is produced for other people to use, watch, enjoy etc.”如：the latest offering from the writer 那位作家的最新作品。

2）表示“祭品；供品”，英文解释为“An offering is a gift that people offer to their God or gods as a form of worship.”

📺美剧《康斯坦丁》（Constantine）中的台词提到：we present you offerings from life into death 吾等向汝供奉由生入死的祭品。

Shares surged 56% in early trade Thursday to 176.90 Hong Kong dollars. The benchmark Hang Seng Index was 0.8% higher.

周四早盘，该公司股价大涨56%，至176.90港元。基准恒生指数上涨0.8%。

benchmark /ˈbentʃ.mɑːk/ 表示“基准（点）”，英文解释为“a level of quality that can be used as a standard when comparing other things”举个🌰：Her outstanding performances set a new benchmark for singers throughout the world. 她的精彩表演为全世界歌手树立了新典范。

Auntea Jenny raised HK$195 million, equivalent to $25.1 million, in net proceeds, which it plans to use on enhancing its digitalization and supply chain capabilities, as well as strengthening research and development, it said in its IPO filing. The company also plans to expand overseas, with Southeast Asian countries as its first choice, as well as North America.

沪上阿姨IPO所得款项净额为1.95亿港元（约合2,510万美元），该公司在招股说明书中表示，计划将募集资金用于加强数字化和供应链能力、加大研发投入。该公司还计划向海外扩张，首选市场为东南亚及北美地区。

equivalent /ɪˈkwɪv.əl.ənt/ 1）作形容词，表示“（价值、数量、意义、重要性等）相等的，相同的”，英文解释为“equal in value, amount, meaning, importance, etc.”举个🌰：Eight kilometres is roughly equivalent to five miles. 八公里约等于五英里。

2）作名词，表示“相等的东西；等量；对应词”，英文解释为“a thing, amount, word, etc. that is equivalent to sth else”

Net proceeds是一个财务术语，意思是净收益或净筹资额，指的是扣除所有相关成本和费用（例如承销费用、律师费、审计费等）之后，公司实际拿到手的资金。

首次公开募股（Initial Public Offering, IPO）是指一家企业第一次将它的股份向公众出售。一旦首次公开上市完成后，这家公司就可以申请到证券交易所或报价系统挂牌交易。（百度百科）

As of the end of 2024, Auntea Jenny had 9,176 stores, almost double from two years ago. The brand mostly sells milk tea with grain toppings and fresh fruit tea priced around $2, targeting consumers in smaller cities, with half of its stores located in China's third- or lower-tier cities.

截至2024年底，沪上阿姨门店总数已达9,176家，较两年前几乎翻倍。该品牌主打售价约2美元的谷物奶茶和鲜果茶，主要面向低线城市消费者，其一半门店位于中国的三线及以下城市。

topping /ˈtɒp.ɪŋ/ 表示“（浇在食物上的）配料，浇汁（尤指酱汁、奶油等）”，英文解释为“a substance, especially a sauce or pieces of food, that is put on top of other food to give extra flavour and to make it look attractive”如：pizza topping 比萨饼上的配料。

The tea chain's 2024 revenue dropped 1.9% from the previous year to 3.28 billion yuan, or $ 454 million, while its profit declined 15% to 328.9 million yuan, which it attributed to an overall industry slowdown and intensified competition in China's tea shop industry in 2024.

这家茶饮连锁店2024年收入较上年下降1.9%，至人民币32.8亿元（约合4.54亿美元），同期利润下降15%，至人民币3.289亿元。该公司将此归因于2024年中国茶饮行业整体放缓以及竞争加剧。

attribute /əˈtrɪb.juːt/ 表示“特性，特质，属性”，英文解释为“a quality or feature, especially one that is considered to be good or useful”举个🌰：What attributes should a good manager possess? 一名优秀的经理应该具备哪些素质？

作动词，attribute sth to sb/sth 表示“把…归因于…；认为…由…生产；认为…是…所为；将（某种特质）归属于（某人）；认为（某人）有（某种特性）”，英文解释为“to say or think that something is the result or work of something or someone else；to think that someone or something has a particular quality or feature”举个🌰：The doctors have attributed the cause of the illness to an unknown virus. 医生们认为这种疾病是由一种未知的病毒引起的。I wouldn't dream of attributing such a lack of judgment to you. 我做梦都想不到你会如此缺乏判断力。

China's bubble tea market is increasingly crowded and competitive after decades of growth.

经过数十年的发展，中国的奶茶市场如今愈发拥挤，竞争日趋激烈。

Auntea Jenny joins a wave of Chinese bubble tea makers going public this year as they tap capital markets for further expansion. Mixue Group, known for its ice cream and sugary drinks priced under $1, raised $423 million in its IPO in March. Another Chinese tea brand Chagee listed on the Nasdaq last month, raising $411 million.

沪上阿姨加入到今年中国奶茶企业上市的大潮中，这些企业希望通过借力资本市场实现进一步扩张。主打1美元以下冰淇淋和含糖饮料的蜜雪冰城(Mixue Group)今年3月份通过IPO筹集了4.23亿美元。另一家中国茶饮品牌霸王茶姬(Chagee)上个月在纳斯达克(Nasdaq)上市，筹资4.11亿美元。

1) 表示“公开，公之于众”，英文解释为“to tell everyone about something that was secret”举个🌰： The planners are almost ready to go public on the road-building scheme. 规划者们差不多准备好公布筑路方案了。

2) 表示“（公司）公开发售股票，上市”，英文解释为“to become a public company”举个🌰： The company went public in 2017. 这家公司于2017年上市。

🎬电影《美国队长3：内战》（Captain America: Civil War）中的台词提到：Tips have been pouring in since that footage went public. 录像公布后收到了很多线报。

🎬电影《心理游戏》（The Game）中的台词提到：CRS won't go public. They're family owned. 「消服会」不上市，它是家族企业。

tap /tæp/ 1）表示“轻敲；轻拍；轻叩”，英文解释为“to hit sb/sth quickly and lightly”举个🌰：He tapped at the door. 他轻轻敲门。

2）表示“轻触（手机或平板电脑等给予指令）”，英文解释为“to touch the screen of a phone, tablet computer, etc. in order to give an instruction for something to happen”举个🌰：You can manage the repeat and shuffle options by tapping the screen once and swiping to the left. 你可以通过轻触一下屏幕向左滑动来使用重复和移动功能。

3）表示“ 在（电话或电报线）上装窃听器；窃听”，英文解释为“to use a small device attached to a phone in order to listen secretly to what people are saying”举个🌰：He suspected that his phone had been tapped. 他怀疑自己的电话被人窃听了。

4）表示“利用，开发，发掘（已有的资源、知识等）”，英文解释为“to make use of a source of energy, knowledge, etc. that already exists”举个🌰：We need to tap the expertise of the people we already have. 我们需要利用我们现有人员的专业知识。

🎬电影《头号玩家》（Ready Player One）中的台词提到：This isn't real, you're tapping my feed. 这不是真的 你们拦截了我的信号。

🎬电影《银河护卫队2》（Guardians of the Galaxy Vol. 2）中的台词提到：She wouldn't even tap her foot. Wouldn't move a muscle. 她也毫不动容 连脚趾头也不动一下。

tap into sth 表示“挖掘；使用…以获得好结果”，英文解释“to manage to use something in a way that brings good results”举个🌰：If only we could tap into all that energy and creativity. 如果我们能够用上那些精力和创意就好了。

list作动词，表示“使（公司）上市；（公司）上市”（If a company is listed, or if it lists, on a stock exchange, it obtains an official quotation for its shares so that people can buy and sell them.）举个🌰：Last month, thirty new companies were listed. 上个月有30家公司上市。

📍relist 重新上市。

📍listing作名词，除了表示“（表册上的）位置，项目”，也有“上市”的含义，英文解释为“a position or an item on a list”举个🌰：The company is seeking a stock exchange listing (= for trading shares). 这家公司正在争取上市。

The size of the global freshly-made beverage market could rise to $1.10 billion in 2028, accounting for nearly half of the global beverage market, First Shanghai Securities analysts said in a research note.

第一上海证券（First Shanghai Securities）的分析师在研究报告中表示，全球现制饮品市场规模预计将在2028年达到110亿美元，届时将占全球饮品市场的近半壁江山。

beverage /ˈbev.ər.ɪdʒ/ 表示“饮料”，英文解释为“a drink of any type”举个🌰：Hot beverages include tea, coffee, and hot chocolate. 热饮包括茶、咖啡和热巧克力饮料。

复数形式securities，熟词僻义，表示“证券”，英文解释为“documents proving that sb is the owner of shares, etc. in a particular company”

Annual sales in China and Southeast Asia are expected to hit 51 and 36 cups per person, respectively, by 2028, the analysts added. That's more than double 2023 sales.

这些分析师还说，到2028年，中国和东南亚地区的人均年饮品消费将分别达到51杯和36杯。这将是2023年销量的两倍多。

The listing also comes as IPO activity in Hong Kong heats up. Funds raised from 17 new listings in the city during the first quarter nearly quadrupled to HK$18.7 billion compared with a year earlier.

目前也正值香港IPO活动升温之际。今年第一季度，香港17宗新股上市交易筹集的资金总额达到187亿港元，同比增长近三倍。

quadruple /ˈkwɒdrʊpəl, -ˈdruːpəl/ 1）作动词，表示“（使）变为四倍”，英文解释为“to become four times bigger; to make sth four times bigger”举个🌰：Sales have quadrupled in the last five years. 过去五年中，销售额已增长至以前的四倍。

2）表示“大（或多）四倍”，英文解释为“four times as big”如：a quadruple measure 四倍大小；

3）表示“包括四部分（或四个人、四个地方等）的”，英文解释为“involving four parts, people, places, etc.”如：a quadruple fracture of his thumb 他的拇指四处骨折。

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