百菲乳业拟撤回上交所申请

Core Viewpoint - Bai Fei Dairy Industry has decided to withdraw its application for the initial public offering (IPO) of its A-shares on the Shanghai Stock Exchange, considering its strategic development plan and after careful analysis with intermediary institutions [1][2][3] Company Overview - Bai Fei Dairy Industry, established in 2017, is a subsidiary of Guangxi Bai Fei Investment Co., Ltd. and is located in Ling Shan County, Guangxi, known as the "hometown of water buffalo milk in China" [1] - The company is engaged in the research, production, and sales of dairy products, including sterilized milk, modified milk, dairy beverages, fermented milk, and pasteurized milk, primarily using water buffalo and Holstein cow milk as raw materials [1] Financial Performance - The revenue projections for Bai Fei Dairy Industry from 2022 to 2024 are as follows: 2022 revenue of 781 million yuan, 2023 revenue of 1.075 billion yuan, and 2024 revenue of 1.423 billion yuan [1] - The net profit attributable to the parent company for the same period is projected to be 115 million yuan in 2022, 226 million yuan in 2023, and 300 million yuan in 2024 [1] IPO Process - On May 12, 2025, Bai Fei Dairy signed a listing guidance agreement with Guorong Securities and changed its listing guidance from the Beijing Stock Exchange to the Shanghai Stock Exchange [1] - The company submitted its application for public offering and listing on the Shanghai Stock Exchange on June 6, 2025, after passing the guidance acceptance by the Guangxi Regulatory Bureau [1] - The IPO plan included issuing no more than 55.17 million shares, aiming to raise a total of 497 million yuan for projects related to smart water buffalo farms and marketing network construction [2] Withdrawal of IPO Application - On January 19, 2026, Bai Fei Dairy's board of directors approved the proposal to withdraw the IPO application, with independent directors expressing their agreement [2] - Following the withdrawal announcement, Bai Fei Dairy's stock has been suspended from trading since June 9, 2025, and will remain suspended until further notice [3]