In terms of the proposed IPO amount, Yihaijiali Jinlongyu grain, oil and Food Co., Ltd. ranked first with RMB 13.87 billion. In addition, Beijing fengshangshiji culture media, yidiantianxia network technology and Dongguan yiheda Automation Co., Ltd. plan to raise more than 1 billion yuan, respectively 1.31 billion yuan, 1.24 billion yuan and 1.146 billion yuan.
Yihaijiali is one of the largest agricultural products and processing enterprises in China, which owns the brands of golden dragon fish, hujihua, xiangmanyuan, etc. According to the groups official website, YIHAI KERRY is a Singapore Fengyi International Group Co invested by Guo Henian, a famous overseas Chinese, and his nephew Guo Kongfeng. It is a general term for a series of businesses such as grain, oil, food processing and sales invested in the mainland of China.
According to its updated prospectus, the business income of YIHAI KERRY from 2017 to 2019 is 150.766 billion yuan, 167.074 billion yuan and 170.743 billion yuan respectively, and the net profits are 5.284 billion yuan, 5.517 billion yuan and 5.564 billion yuan respectively. The above performance meets the criteria of item (1) of article 2.1.2 of Shenzhen Stock Exchanges GEM Listing Rules: the net profit in recent two years is positive, and the cumulative net profit is not less than 50 million yuan.
In June last year, the board of directors of Fengyi international agreed to the split listing of Yihaijiali and submitted an application to the CSRC. Mr. mu Yankui, vice chairman and chief operating officer of Yihaijiali group, once said that the main purpose of Jinlongyus listing in China is not financing, but after listing, Jinlongyu will be able to turn into a genuine domestic enterprise and completely get rid of the restriction of foreign investment.
Source: Financial Association editor in charge: Yang Bin_ NF4368