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Huawen Food has landed on the SME board of the Shenzhen Stock Exchange, becoming the 11th new stock in our province this year

2020-09-15

The first stock of fish snacks made its debut in the capital market


Huawen Food has landed on the SME board of the Shenzhen Stock Exchange, becoming the 11th new stock in our province this year


Huasheng Online, September 14th (Hunan Daily · Huasheng Online reporters Huang Lifei, Chen Ganzhang, Xu Yaping) Huawen Food landed on the Shenzhen Stock Exchange's SME board today, becoming the "number one fish snack stock" in A-shares. This is also the 11th newly listed A-share company in our province since the beginning of this year. As of now, there are 116 A-share listed companies in our province, ranking tenth in the country and second in the central region.


The main business of Chinese food is the R&D, production and sales of traditional flavor snack food such as flavored small fish and flavored dried tofu. It is one of the well-known traditional flavor snack food enterprises in China. In this IPO, the issue price of Chinese food is 5.02 yuan/share, and it is planned to raise 160 million yuan, which is mainly used for the technical transformation of flavored small fish production line and the construction of brand promotion and marketing center projects.


It is reported that since its establishment in 2010, Huawen Food has successfully transformed "Jinzi Xiaoyu" into a star product with an annual sales volume of 1.2 billion bags through self built raw material bases, full process cold chain transportation, refined warehousing, intelligent production, and global marketing. Its leisure bean products have entered the top ten in the industry, and related products are exported to countries such as the United States and Canada.


The best-selling products have led to sustained growth in the company's performance. From 2017 to 2019, the company achieved revenue of 767 million yuan, 805 million yuan, and 895 million yuan respectively, with an average annual compound growth rate of 8.02%; The net profits attributable to the parent company were 76 million yuan, 115 million yuan, and 118 million yuan, respectively, with an average annual compound growth rate of 24.6%. The company also achieved dual growth in revenue and net profit attributable to shareholders in the first half of 2020.


Since the beginning of this year, 11 companies in our province have successfully entered the capital market, including one listed on the main board of the Shanghai Stock Exchange, Heshun Petroleum; There are 5 companies listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, including Weisheng Information, Nanxin Pharmaceutical, Jinbo Co., Ltd., Songjing Co., Ltd., and Shengxiang Biotechnology; There are 4 small and medium-sized listed companies on the Shenzhen Stock Exchange, including Xiangjia Animal Husbandry, Yuxin Shares, Huibopu, and Huawen Food; One company listed on the Shenzhen Stock Exchange's ChiNext board is Anke Innovation, which has raised over 11.3 billion yuan in initial public offerings.