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Home > News > Baking raw material companies set off a small upsurge in listing

Baking raw material companies set off a small upsurge in listing

2021-03-20

Under the impact of the epidemic, the baking heat of home-made cakes and bread was transmitted to the capital market. Hollyland, Taoli Bread, Yuanzu shares, and even Jiuyang shares, Xiaoxiong Electric and Xinbao, which are baking small household appliances, are all sought after by the secondary market. From the end of last year to the beginning of this year, a number of baking industry companies have successively landed on the capital market. After "Dairy + Baking" Yiming Foods landed on the Shanghai Stock Exchange, and after "Cream One Brother" Hairong Technology landed on the GEM, Ligao Foods, the first stock of "baking ingredients", also submitted a listing application a few days ago, and will soon be listed on the GEM.


https://www.soanbaking.com/

The main business of Shuoan includes: Baking supplies, ovens, ovens, Hotel supplies, product development, kitchen supplies and their accessories, Metal products, stainless steel products, and hardware accessories. Our company is committed to providing our customers with professional, high-quality and low-cost products, adhering to the principles of small profits but quick turnover, trustworthy, and top quality to develop together with our customers and friends.

Sprint GEM

On January 14, Ligao Foods submitted the listing registration draft, sprinting to the GEM. It is understood that Ligao Foods was established in 2000 and is headquartered in Guangzhou. It is an enterprise integrating R&D, production and sales of bakery food ingredients. Its main products include raw materials for bakery products such as butter, fruit products, sauces, chocolate, frozen bakery semi-finished products and finished products and snack foods.

With the rapid growth of the bakery industry, Ligao Foods has also enjoyed dividends. From 2017 to 2019, the total operating income of Ligao Food was 956 million yuan, 1.313 billion yuan, and 1.584 billion yuan, respectively, with a compound annual growth rate of 18.32%. From 2017 to 2019, the net profit of Ligao Food was RMB 43,994,200, RMB 52,308,600, and RMB 181 million, with a compound annual growth rate of 60.35%. The prospectus shows that the company's 2020 net profit attributable to the parent is expected to be between 238 million yuan and 248 million yuan.

From the perspective of income structure, Ligao Food's income is dominated by frozen baked goods, butter, fruit products and sauces. During the reporting period, the total revenue accounted for 88.19%, 88.75%, and 89.65%. The growth rate of frozen baked goods is particularly prominent, with the proportion of revenue rising from 37.57% in 2017 to 46.66% in 2019.

According to the prospectus, Ligao Foods raised about 1.3 billion yuan of funds from the listing, which will be used in the expansion of the Sanshui production base. After the project reaches full capacity, it will produce 60,000 tons of butter, 27,000 tons of fruit products, and 8,100 tons of frozen baked goods; The funds will also be used in the Changxing production base construction and technological transformation project and the Weihui frozen pastry and pastry and bread food production base construction project. The Changxing project will produce 28,600 tons of frozen baked goods and 35,900 tons of sauces and fillings. After the Weihui project reaches full capacity, it will produce 2.25 tons of frozen baked goods annually.

Targeting the capital market

In the context of the continuous development of the bakery industry, baked goods raw materials and frozen baked goods are also ushering in new opportunities. Many bakery companies have aimed at the capital market, listing and financing to expand the scale of the industry. At the end of last year, two bakery companies, Hairong Technology and Yiming Foods, successively landed in A shares.

On December 2, 2020, Hairong Technology officially landed on the Growth Enterprise Market. Since its establishment, Hairong Technology has been focusing on the R&D, production and sales of non-dairy cream, chocolate, jam and other bakery ingredients. Among them, the non-dairy cream products are the company's main products, and the company's non-dairy cream products are divided into two categories: non-dairy non-dairy cream and non-dairy non-dairy cream, which are widely used in the surface decoration and filling of cakes and pastries.

According to the prospectus, Hairong Technology`s main business revenues from 2017 to 2019 were 469 million yuan, 537 million yuan and 580 million yuan, respectively; net profits were 69.59 million yuan, 72.93 million yuan and 76.71 million yuan; gross profit margins were respectively They are 50.99%, 51.38%, 52.70%. Its main product non-dairy cream revenue was 429 million yuan, 487 million yuan, and 523 million yuan, respectively, showing an upward trend.

On December 28 last year, Yiming Foods was listed on the main board of the Shanghai Stock Exchange, with a rise of 43.97% on the first day of listing. The latest market value is currently 7.55 billion yuan. Yiming Foods is a company engaged in the research and development, production, sales and chain operation of fresh dairy and bakery products. Its main products include low-temperature pasteurized milk, flavored fermented milk, modulated milk, egg milk, hot milk and other specialty milk beverages and various Baked foods such as bread and rice products with short shelf life.

In terms of performance, Yiming Food's 2017 revenue was 1.516 billion yuan, with a net profit of 158 million yuan; in 2018, revenue increased to 1.755 billion yuan, with a net profit of 195 million yuan; in 2019, it increased to 1.997 billion yuan, with a net profit of 220 million yuan. From 2017 to 2019, Yiming Food's performance achieved steady growth, and the company's compound annual growth rate reached 14.79%.

It is worth noting that in recent years, the baking industry has developed rapidly. The retail sales of baked goods in my country increased from 122.382 billion yuan in 2013 to 231.713 billion yuan in 2019, with a compound annual growth rate of 11.23%. However, the baking industry still has great development potential. my country's per capita consumption of baked goods is only 24.6 US dollars per person, which is still far behind the developed countries and regions. At the same time, baked goods have certain advantages in staple food consumption, leisure consumption and festival consumption, and have good development prospects. The market expects that more bakery industry companies will enter the capital market in the future.

Jiangmen Shuo 'an Baking Products Co., LTD
Business Type:Manufacturer
Product Range:Pans
Products/Service:Non-stick baking pan , Baking supplies , Hotel supplies , Bakeware Set , Kitchen supplies and accessories , Metal products
Certificate:BSCI , FDA
Company Address:308,3rd floor,back of SonggangTanglian Market,Nanhai District,Foshan City, Foshan, Guangdong, China

Next: 2021 Zhengzhou Baking Exhibition will be held on June 3-5, starting from a new start, creating a grand event for the industry!

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