Core Viewpoint - New Qi'an Group Co., Ltd. is undergoing a listing hearing on the Hong Kong Stock Exchange, with Minyin Capital as its sole sponsor [1] Company Overview - New Qi'an is a manufacturer of food-grade glycine and sucralose, primarily engaged in the production and sale of food-grade glycine, industrial-grade glycine, and sucralose [3] - Food-grade glycine is used in pet food, consumer products, sauces, and dairy products, while industrial-grade glycine serves as a raw material for food-grade glycine and glyphosate, which is used as a herbicide [3] - Sucralose, a high-intensity sweetener, is widely used in soft drinks, candies, baked goods, syrups, and nutritional supplements [3] Financial Performance - Revenue for New Qi'an in 2022, 2023, and 2024 is approximately CNY 761.5 million, CNY 446.9 million, and CNY 568.9 million respectively, with net profits of approximately CNY 122.0 million, CNY 44.7 million, and CNY 43.4 million [6][8] - The sales revenue breakdown shows that sucralose accounted for about 49.6%, 51.1%, and 41.8% of total revenue in the past three years, while food-grade glycine accounted for approximately 40.6%, 40.1%, and 42.0% [3] Market Position - New Qi'an ranks first in the global food-grade glycine manufacturing industry based on sales volume and revenue in 2023, with a global market share of approximately 5.1% by volume and 3.1% by revenue [3] - The company's food-grade glycine accounts for about 0.31% of the global food additive market in 2023 [3] Production and Supply Chain - The company has established an international supply chain with five production facilities located in China, Indonesia, and Thailand [4] - New Qi'an has a global sales network serving customers in approximately 40 countries across six continents [4]
新股消息 | 新琪安通过港交所聆讯 对大客户存在较高的依赖度
智通财经网·2025-05-28 23:26