US STOCKS
FUNDS
FX & CRYPTO
SH/SZ-HK
HK STOCKS
 
 
 
 
 
 
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 fast-growing and multi-brand fruit company in China with an end-to-end supply chain. We focus on managing the entire supply chain for quality fruits primarily grown in China, Thailand and Vietnam. Capitalizing on our industry experience accumulated through nearly 20 years of operations, we established a product portfolio covering 49 fruit categories as of the Latest Practicable Date, among which durian, mangosteen, longan, dragon fruit, cherry and grapes are our core products. Through selecting and sourcing quality fruits grown from over 100 places of origin, together with direct procurement, standardized processing, and digitalized supply chain management, we have built up a portfolio of self-owned fruit brands covering a variety of categories. Leveraging our strategic penetration into premium places of origin, sales and distribution network across China, as well as efficient end-to-end supply chain, we are able to distribute our fruit products directly from orchards to retailers across China.

During the Track Record Period, we focused on developing fruit products in categories that enjoyed fast-growing market share and high consumption values in China. We were China’s largest durian distributor, as well as top five distributors of dragon fruit, mangosteen and longan, by sales revenue in 2021, according to CIC.

OUR FRUIT PRODUCTS AND BRANDS

Fruit is generally sold unbranded across categories, resulting in homogeneous competition and low profitability. Leveraging our branding capabilities and premium fruit attributes, we have successfully built 18 fruit brands across 14 fruit categories, leading to a distinctive market position and increased market share.

With our expertise and know-how in the fruit industry, we have been successful in product selection and branding. During the Track Record Period, among numerous fruits, we selected only six as our core fruit products that were among China’s fastest-growing fruit categories. According to CIC, these six fruit categories accounted for 64.6% of China’s total imported fruits market by retail value in 2021, making them the major imported fruit categories. When selecting our core products, we take into account their rarity in nature, uniqueness of tastes, nutrition levels, as well as their places of origin, which make it relatively difficult to find alternatives among domestic fruits. These attributes paved the way for our branding strategy and we have carried all of our core fruit products under self-owned brands. During the Track Record Period, revenue generated from our branded fruit products accounted for over 70% of our total revenue, which was well above the industry average.

Our fruit products and brands are highly regarded by consumers. As of May 31, 2022, eight of China’s top ten supermarkets by sales revenue in 2021 were our customers, according to CIC. In addition, our market share in China’s durian distribution market has continually increased from 2.8% in 2019 to 8.3% in 2021 by sales revenue, according to CIC.

OUR END-TO-END SUPPLY CHAIN

We have built a digitalized end-to-end supply chain in the fresh fruit industry. We source the majority of our branded fruit products directly from their origins, process and grade them at local fruit processing plants, and further distribute them to customers across China. Our end-to-end supply chain consists of the following elements: (i) deep penetration into places of origin for procurement and processing; (ii) efficient disintermediation and digital-driven distribution network; and (iii) comprehensive distribution sales grids with national coverage in China.



Source: Hongjiu Fruit (06689) Prospectus (IPO Date : 2022/08/24)
Listing Market MAIN
Industry Agricultural Products
Background H Shares
Major Business Area N/A
Corporate Information
Substantial Shareholders Deng Hongjiu (Total share: 38.40%); (H share: 21.78%)
[09988] Alibaba Group Holding Limited (Total share: 6.77%); (H share: 9.57%)
China Merchants Group Limited (Total share: 5.57%); (H share: 6.30%)
Li Ruigang & Associates (Total share: 3.61%); (H share: 5.10%)
Directors Deng Hongjiu (Chairman and Executive Director)
Jiang Zongying (General Manager and Executive Director)
Tan Bo (Deputy General Manager and Executive Director and Secretary to the Board)
Yang Junwen (Deputy General Manager and Executive Director)
Peng He (Executive deputy general manager and Executive Director)
An Rui (Independent Non-Executive Director)
Xu Kemei (Independent Non-Executive Director)
Peng Song (Independent Non-Executive Director)
Company Secretary Deng Haoyu
Lai Siu Kuen
Principal Bankers
Solicitors Clifford Chance
Zhong Lun Jin Tong Firm, Beijing
Auditors Zhonghui ANDA CPA Limited
Registered Office 5th Floor, Manulife Place, 348 Kwun Tong Road, Kowloon, 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.hjfruit.com/
Email Address [email protected]
Tel No (86 23) 6706-4616
Fax No
 
SITEMAP
Email: [email protected]
AASTOCKS.COM LIMITED (阿斯達克網絡信息有限公司) All rights reserved.
Disclaimer
You expressly agree that the use of this app/website is at your sole risk.

AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd, Nasdaq, Inc., their respective holding companies and/or any subsidiaries of such holding companies, their Sources and/or other third party data provider(s) endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co.Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) make any express or implied offers, representations or warranties (including, without limitation, any warranty or merchantability or fitness for a particular purpose or use) regarding the Information.

Neither AASTOCKS.com Limited, HKEx Information Services Limited, China Investment Information Services Limited, Shenzhen Securities Information Co. Ltd., Nasdaq, Inc. nor their respective holding companies and/or any subsidiaries of such holding companies nor their Sources and/or other third party data provider(s) will be liable to any Subscriber or any other party for any interruption, inaccuracy, error, or omission, regardless of cause, in the Information or for any damages (whether direct or indirect, consequential, punitive, or exemplary) resulting from its use by any party.

AASTOCKS.com Limited shall not be liable for any failure or delay in performance of its obligations under this Disclaimer because of circumstances beyond its reasonable control, including but without limitation, acts of God, typhoons, rainstorms, other natural disasters, government restrictions, strikes, wars, virus outbreak, network failures or telecommunications failures.

Morningstar Disclaimer: Copyright © 2020 Morningstar, Inc. All Rights Reserved. The information, data, analyses and opinions ("Information") contained herein: (1) include the proprietary information of Morningstar and Morningstar’s third party licensors; (2) may not be copied or redistributed except as specifically authorised; (3) do not constitute investment advice; (4) are provided solely for informational purposes; and (5) are not warranted to be complete, accurate or timely. Morningstar is not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.

The information and contents contained in this app/website are based on the analyses and interpretations of publicly available information obtained from sources believed to be reliable. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness.

The information, financial market data, quotes, charts, statistics, exchange rate, news, research, analysis, buy and sell ratings, Education Center and other information on this app/website should be used as references only at your own discretion. Prior to the execution of a security or any other trade based upon the Information, you are advised to consult independent professional advice to verify pricing information or to obtain more detailed market information. AASTOCKS.com Limited is not soliciting any subscriber or app/website visitor to execute any trade. Any trades executed following the said information, commentaries and/or buy/sell ratings on this app/website are taken at your own risk for your own account.

AASTOCKS.com Limited provides the information and services on an "AS IS" basis. The information and contents on this app/website are subject to change without notice. AASTOCKS.com Limited reserves the right, in its sole discretion but without any obligation, to make improvements to, or correct any error or omissions in any portion of this app/website at any time.

The subscriber or app/website visitor agrees not to reproduce, retransmit, disseminate, distribute, broadcast, publish, circulate, sell or commercially exploit the information and contents on this app/website in any manner without the express written consent of AASTOCKS.com Limited.

Investment involves risk. You may make use of the Education Center of this website for academic reference purposes at your own discretion. AASTOCKS.com Limited cannot and does not give any assurance that the present or future buy/sell commentaries and signals on this app/website will be profitable. AASTOCKS.com Limited cannot guarantee, and the subscriber or app/website visitor should not assume, that the future performance will equal past performance.

AASTOCKS.com Limited may point to other sites that may be of interest to the subscriber or app/website visitor but for which AASTOCKS.com Limited has no responsibility and only provides this as a service to the subscriber or app/website visitor.

AASTOCKS.com Limited does not represent or endorse the accuracy or reliability of any information, advertisements or contents contained on, distributed through, or linked, downloaded or accessed from any of the services on this app/website. AASTOCKS.com Limited cannot and does not guarantee the quality or reliability of any products or information purchased or obtained by you as a result of an advertisement or any other information displayed on this app/website.

AATV is a video platform owned by AASTOCKS.com Limited.

You acknowledge that: (i) AATV is provided for information purposes only and, in particular, is not intended for trading purposes; (ii) AATV does not and none of the information contained in its program constitutes a solicitation, offer, opinion, or recommendation by us to buy or sell any security, or to provide legal, tax, accounting, or investment advice or services whether or not regarding the profitability or suitability of any security or investment; and (iii) AATV is not intended for use by, or distribution to, any person or entity in any jurisdiction or country where such use or distribution would be contrary to law or regulation.

The financial analysis or opinion expressed in the AATV programs is for reference and discussion only, and does not represent AASTOCKS.com Limited. Investors must make their own investment decisions based on their own investment objectives and financial situation. AASTOCKS.com Limited shall not, directly or indirectly, be liable, in any way, to you or any other person for any: (i) inaccuracies or errors in or omissions from AATV including, but not limited to, quotes and financial data; (ii) delays, errors, or interruptions in the transmission or delivery of AATV; or (iii) loss or damage arising therefrom or occasioned thereby, or by any reason of nonperformance.

AASTOCKS.com Limited reserves the right to change this Disclaimer at any time by posting changes online at this app/website. You are responsible for reviewing regularly information posted therein to obtain timely notice of such changes. Your continued use of this app / website after changes are posted constitutes your acceptance of this Agreement as modified by the posted changes.

The disclaimer herein shall be governed by the law of the Hong Kong Special Administrative Region of the People's Republic of China ("Hong Kong") and you agree to submit to the exclusive jurisdiction of the Hong Kong courts.

In the event of any discrepancy between the Chinese and English versions, the English version shall prevail.

Last updated on 6 January 2023.