天味食品递表港交所 为中国第四大复合调味品公司

Core Viewpoint - Sichuan Tianwei Food Group Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with China International Capital Corporation as the sole sponsor [1]. Company Overview - Tianwei Food is a leading and rapidly growing compound seasoning company in China, ranked as the fourth largest in the country by revenue for 2024, and the fastest-growing among the top five compound seasoning companies from 2022 to 2024 [5]. - The company holds the largest market share in recipe-based seasonings at 9.7% and the second largest in hot pot seasonings at 4.8% for 2024 [5]. - The company emphasizes strict food safety and quality control standards, continuously innovating and developing high-quality compound seasonings that blend traditional Chinese flavors with modern techniques [5]. Product Portfolio - The company offers a comprehensive range of products, including: - Recipe-based seasonings such as fish seasonings, crayfish seasonings, and sausage seasonings [7]. - Hot pot seasonings including spicy and non-spicy bases, as well as dipping sauces [7]. - Sauces and other compound seasoning products [7]. Sales and Distribution Network - Tianwei Food has established a vast sales network covering over 1 million terminal points across China, achieving the highest coverage rate among listed companies specializing in compound seasonings [8]. - As of June 30, 2025, the company has 3,251 distributors covering all provinces and nearly all prefecture-level cities in China, while also expanding its international market presence by selling products to over 50 countries and regions [8]. Financial Performance - The company reported revenues of approximately RMB 2.68 billion, RMB 3.13 billion, RMB 3.45 billion, and RMB 1.37 billion for the six months ending June 30 in 2022, 2023, 2024, and 2025, respectively [8]. - Corresponding profits for the same periods were approximately RMB 341 million, RMB 466 million, RMB 645 million, and RMB 202 million [8].