Core Viewpoint - Guangxi Baifei Dairy Co., Ltd. has withdrawn its IPO application, marking the first mainboard withdrawal of the year, citing strategic development considerations and normal business operations [2][3]. Group 1: Company Overview - Baifei Dairy was established in 2017 and focuses on the research, production, and sales of dairy products and milk-containing beverages, including sterilized milk, modified milk, fermented milk, pasteurized milk, and milk-containing drinks [3]. - The company's main business revenue for the reporting periods (2022 to 2024) was 776 million, 1.072 billion, and 1.421 billion yuan, with a compound annual growth rate of 35.32% [3]. Group 2: Sales Channels and Performance - Baifei Dairy employs a combined online and offline sales model, with offline sales primarily through distribution channels. Key clients include Mingming Hen Mang, JD.com, Tmall Supermarket, and Wancheng Group [4]. - The proportion of sales revenue from offline distribution channels was 75.35%, 71.12%, and 68.77% for the respective reporting periods, while online sales increased from 24.14% in 2022 to 30.97% in 2024 [4]. Group 3: Profitability - The gross profit margins for Baifei Dairy during the reporting periods were 27.97%, 35.94%, and 40.39%, indicating a relatively high profitability [4].
IPO周报：2026年首家主板撤单！百菲乳业多次转向终“折戟”
Di Yi Cai Jing Zi Xun·2026-02-01 12:42