Core Viewpoint - Guangxi Baifei Dairy Co., Ltd. is in the process of an IPO, aiming to raise 497 million yuan, primarily for the construction of a smart water buffalo farm and marketing network development [1] Group 1: Company Overview - Baifei Dairy specializes in the research, production, and sales of dairy products and milk-containing beverages, with a product range that includes sterilized milk, modified milk, fermented milk, pasteurized milk, and milk-containing drinks [1] - The company is headquartered in Ling Shan County, Qinzhou City, Guangxi, known as the "Hometown of Water Buffalo Milk," providing a unique geographical and resource advantage [1] Group 2: Industry Position - Since its establishment, the company has leveraged its regional advantages to strengthen high-quality milk source bases and improve its industrial chain layout, creating a product matrix centered on water buffalo dairy products to meet diverse consumer demands [2] - Projected revenues for Baifei Dairy are 780 million yuan, 1.075 billion yuan, and 1.423 billion yuan for the years 2022 to 2024, reflecting a compound annual growth rate (CAGR) of 34.98%. Net profits attributable to the parent company are expected to be 115 million yuan, 226 million yuan, and 300 million yuan, with a CAGR of 61.14% [2] Group 3: Technological Achievements - The company emphasizes innovation as a core development driver, accumulating substantial technical reserves in water buffalo breeding, farming, and the development of specialty water buffalo dairy products [4] - In 2023, Baifei Dairy's technology center was recognized as a regional enterprise technology center, and its key technology and standardization system for water buffalo milk processing received a second-class award from the Guangxi Zhuang Autonomous Region government [4] - The company has mastered advanced technologies such as membrane filtration, ultra-high temperature instantaneous sterilization, and has established a comprehensive quality control system covering the entire value chain from R&D to sales [4]