Core Viewpoint - The article discusses the recent listing of Haitian Flavor Industry Co., Ltd. on the Hong Kong Stock Exchange, highlighting the company's market performance and strategic goals for global expansion [2][3][9]. Group 1: Market Performance - On its first day of trading, Haitian's stock initially rose nearly 5% but later fell below the issue price, closing down 0.55% [3]. - The company raised approximately HKD 10.0096 billion from the global offering, with a final issue price of HKD 36.30 per share [5]. - The Hong Kong public offering was oversubscribed by 918.15 times, indicating strong investor interest [5][6]. Group 2: Strategic Goals - Haitian aims to enhance its global presence and brand image through this secondary listing, which is part of its broader globalization strategy [9][11]. - The funds raised will be allocated to product development, technological upgrades, and expanding sales channels, particularly in Southeast Asia and Europe [11]. - The company has already initiated overseas operations, establishing several international trade companies in 2023 and 2024 [10]. Group 3: Financial Performance - From 2011 to 2021, Haitian's revenue and net profit consistently increased, with 2021 figures showing revenue of CNY 25.004 billion and net profit of CNY 6.671 billion, reflecting year-on-year growth of 9.71% and 4.18% respectively [15]. - However, in 2022, the company faced challenges, including a decline in net profit for the first time since 2011, attributed to the "double standard" controversy [16]. - In 2023, Haitian reported a revenue of CNY 24.559 billion and a net profit of CNY 5.627 billion, marking a year-on-year decline of 4.10% and 9.21% respectively [17]. Group 4: Leadership Transition - In September 2024, Haitian underwent a leadership change with Cheng Xue taking over from the long-time chairman, Pang Kang [18]. - Cheng Xue, who has been with the company since 1992, is expected to lead the company towards recovery and growth [20][24]. - Under Cheng's leadership, the company reported a revenue of CNY 26.901 billion and a net profit of CNY 6.344 billion in 2024, showing a year-on-year increase of 9.53% and 12.75% respectively [24].
酱油女王敲钟，身价335亿