Sanquan Food (SZ:002216) Guo Ji Jin Rong Bao·2025-10-14 10:33Core Viewpoint - The company, Sanquan Foods, is making a significant investment in establishing a production base in Australia to expand its market presence in Australia, New Zealand, and Southeast Asia amid increasing domestic competition in the frozen food sector [1][3]. Investment Details - Sanquan Foods plans to invest approximately 2.8 billion AUD (around 1.3 billion RMB) for this overseas expansion, which will be funded entirely by the company's own resources [3]. - This investment represents 30% of Sanquan Foods' audited net assets for the fiscal year 2024, which are valued at 4.412 billion RMB [3]. - As of the mid-year report, the company has cash reserves of 1.499 billion RMB, which can cover the investment amount, although it also has 450 million RMB in short-term loans, potentially increasing cash flow pressure [3]. Regulatory Approvals - The company has submitted the overseas investment project for approval to the Zhengzhou Municipal Bureau of Commerce and has received the "Overseas Investment Certificate" [1]. - Sanquan Foods has also applied for record-filing with the Henan Provincial Development and Reform Commission and received the "Overseas Investment Project Record-Filing Notification" [1]. - The newly established wholly-owned subsidiary, Sanquan International Investment (Hong Kong) Co., Ltd., has completed registration in Hong Kong [1].