新天力IPO顺利过会，背靠蜜雪冰城、香飘飘等多家头部食品企业

Core Viewpoint - New Tianli Technology Co., Ltd. has successfully passed the listing review by the Beijing Stock Exchange, indicating its compliance with issuance and listing conditions, as well as information disclosure requirements [1] Group 1: Company Overview - New Tianli is a leading enterprise in the domestic thermoformed food container industry, backed by major food companies such as Mixue Ice City, Xiangpiaopiao, Yili Group, and Xibei, with the first two contributing approximately 50% of its revenue [1][4] - The company aims to provide comprehensive food container solutions and aspires to become a trusted partner in the global food industry [2] - New Tianli has developed into one of the top three companies in the thermoformed plastic food container packaging market in China from 2021 to 2023, with a strong focus on innovation and quality [3] Group 2: Financial Performance - The company plans to raise 398 million yuan through its IPO, with funds allocated to expanding production capacity, upgrading its R&D center, and supplementing working capital [2] - New Tianli's revenue for the years 2022 to 2024 was 944 million yuan, 1.022 billion yuan, and 1.101 billion yuan, respectively, with net profits of 36.32 million yuan, 57.77 million yuan, and 68.40 million yuan [4] - In the first half of 2025, the company achieved a revenue of 536 million yuan, representing a year-on-year growth of 1.14%, while net profit increased by 17.71% to 42.57 million yuan [4] Group 3: Client Base and Market Position - New Tianli has served over 1,000 clients, enhancing its brand recognition, with its brand "Otor New Tianli" recognized as a famous trademark in Zhejiang Province [4] - Major clients include well-known food processing companies and chain restaurants, with Mixue Ice City, Xiangpiaopiao, Yili Group, and Xibei consistently ranking among the top five clients, contributing 62.10%, 63.63%, and 65.60% of sales in recent years [4] - The revenue from Xibei has been declining due to its contraction in the fast-food business, with income from Xibei decreasing from 34.99 million yuan in 2022 to 28.14 million yuan in 2024 [5]