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To-be Listed
Name
/
Code
Industry Offer Price Lot Size Entry Fee Closing Date
Grey Market Date
Listing Date
REFIRE
02570.HK
Electrical Components & Equipment 145-165 20 3,333 2024/12/03 2024/12/05 2024/12/06
Dmall
02586.HK
Application Software 30.21 100 N/A 2024/12/03 2024/12/05 2024/12/06
Summary
We are a confectionary products manufacturer established in the PRC in 1999. We manufacture and sell confectionary products, including gum-based candies, tablet candies, aerated candies and hard candies.

We generally source raw materials from our suppliers, manufacture and package our confectionary products at our in-house production facilities, and either (i) sell our products under brands owned or licenced by our OEM customers in the PRC and to overseas countries, or (ii) sell our products under our own brands, namely Coolsa (酷莎), Lalabo (拉拉卜) and Jiujiuwang (久久王), to distributors or to end- consumers through e-commerce channel in the PRC. As at 31 August 2020, we had 129 third party distributors with sales network covering one municipal city, two autonomous regions and 21 provinces, forming an extensive nationwide sales network in the PRC and reaching hypermarkets, supermarkets, grocery stores and tuck shops. According to Frost & Sullivan, as measured by revenue, we ranked second in the overall sugar confectionary market in Fujian Province with regional market share of approximately 2.7% in 2019 and had approximately 0.7% market share in the PRC in 2019.

We manufacture our confectionary products at our in-house factory with a site area of approximately 117,589 sq.m. located in Jinjiang City, Fujian Province. As at the Latest Practicable Date, we had 32 production lines, with an annual production capacity of approximately 15,045.4 tonnes, for manufacturing our products. We believe that with our own production facilities, we can control our product quality, production costs and production schedule directly. We are committed to manufacturing high quality products. In 2016, we received from the General Administration of Quality Supervision, Inspection and Quarantine of the PRC (國家質量監督檢驗檢疫總局) the accreditation of ‘‘Three Same (Same Production Line, Same Standard, Same Quality) Quality Certification for Food Import and Export Enterprise* (食品進出口企業‘‘三同''(同線同標同質)資質認證)'', which recognised the quality of products we manufactured.

Over a journey of more than 20 years, we have accumulated solid experience in manufacturing high quality confectionary products, with diverse product portfolio, covering various categories of candies. With our strong product development capacities and commitment to enhancing product quality to cater for changing consumer preferences, we introduce new products and modify ingredients and packagings of our existing products from time to time to strive for better performance.

For the eight months ended 31 August 2020, as affected by the outbreak of COVID-19, there was a drop in our revenue and utilisation rate for our production capacities while our net profit remained relatively stable primarily as a result of the decrease in administrative expenses, which was mainly attributable to the decrease in the Listing expenses recognised and the impact of COVID-19 so that less operational administrative expenses were incurred for the period.

Source: Jiujiuwang Food (01927) Prospectus (IPO Date : 2021/02/26)
Listing Market MAIN
Industry Packaged Foods
Background Others
Major Business Area N/A
Corporate Information
Substantial Shareholders Zheng Guodian (25.46%)
Zheng Guosi (25.46%)
Zheng Zhenzhong (21.82%)
Directors Zheng Zhenzhong (Chairman and Chief Executive Officer and Co-Chief Financial Officer and Executive Director)
Chen Kan (Chief Financial Officer and Executive Director)
Zheng Guosi (Executive Director)
Chen Congming (Independent Non-Executive Director)
Wang Linan (Independent Non-Executive Director)
Wu Shiming (Independent Non-Executive Director)
Company Secretary Ho Wai Lok
Principal Bankers China Everbright Bank
Industrial Bank Co., Ltd
Ping An Bank
Solicitors Ince & Co.
Auditors HLB Hodgson Impey Cheng Limited
Registered Office 5th Floor, Lincoln House, 979 King’s Road, Taikoo Place, Hong Kong
Share Registrars Computershare Hong Kong Investor Services Ltd. [Tel: (852) 2862-8628]
Share Registrars Tel No (852) 2862-8628
Internet Address http://www.jiujiuwang.com
Email Address [email protected]
Tel No (86 595) 8818-7888
Fax No (86 595) 8818-7999
 
SITEMAP
Email: [email protected]
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