Source:Yantai Daily-Big and Small News
September 18th (YMG All-Media Reporter Sun Changbo Photographic Report) At 9:30 am on the 18th, with a lingering sound from the Shanghai Stock Exchange With the sound of the gong, the leading domestic fruit juice concentrate Yantai North Andre Juice Co., Ltd. (Deli Shares.605198.SH) officially opened A trip to the A-share listing. According to the prospectus, the company issued 20 million shares this time, and the funds raised will be used for the construction of a multi-variety concentrated juice production line. Since Andre Juice was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange in 2003, Andre Juice became the first”A+H” listed company in our city, and it was more than 3 years after the listing of Eddie Precision on the main board of the Shanghai Stock Exchange in January 2017 , Yantai City ushered in another company listed on the main board of the A-share Shanghai Stock Exchange, and it was also the 41st domestic listed company in Yantai.
Returning to A shares is intended to open up the domestic market
According to our understanding, Andre Juice The main reason for choosing domestic listing is to open up the domestic market.
Andre Juice is one of the largest concentrated fruit juice processing enterprises in the world. Since 1996, it has been involved in the concentrated fruit juice industry and has successively established subsidiaries and production and processing bases in Yantai, Baishui, Xuzhou, Dalian, Yongji, Liquan and other major apple producing areas.
Andre Juice Most of the products are exported, and the main customers are terminal beverage manufacturers or raw juice trading Quotient. Customers are spread all over the world, including more than 30 countries and regions including America, Europe, Oceania, Asia and Africa. The company’s products are well-known in foreign markets, and beverage giants such as Coca-Cola, Pepsi, and Kraft are its partners.
The prospectus shows that from 2015 to 2017, the company’s export volume of apple juice concentrate was 80.314 million U.S. dollars, 94,985,300 U.S. dollars, and 94,833,800 U.S. dollars. During the same period, China’s total exports of apple juice concentrate were US$561.2503 million, US$54.813,000 and US$648.227 million. Andre’s annual apple juice exports account for more than 14%of the country’s total, making it the “king of apple juice concentrate”.
Driven by the concentrated apple juice business, the company’s performance has been rising. From 2017 to 2019, the net profit of Andre Juice climbed from 86 million yuan to 169 million yuan, a rapid growth rate.
Andre Juice’s products are also well-known in the domestic market. , Wahaha Group, Yili Group, One World , Uni-President Group and other well-known enterprises have established long-term and stable cooperative relations. However, the current domestic consumption of concentrated fruit juice is relatively low. Compared with the annual per capita intake of 20 liters in Western developed countries, the domestic fruit juice beverage market has room for 8-10 times expansion.
With the listing on the A-share market, the company’s domestic visibility and influence will be further enhanced, and it will be more effective in developing the domestic consumer market.
The raised funds will be used for the deep processing of small varieties of juice
The capital market’s contribution to the Andre Juice is already familiar.
As early as May 2003, Andre Juice was listed on the Growth Enterprise Market of the Hong Kong Stock Exchange. The stock is referred to as”Deli Shares” and was successfully transferred to the main board market of the Hong Kong Stock Exchange in 2011.
According to the prospectus, Andre Juice is issued in A shares this time, raising a total of 152 million funds Yuan, after deducting expenses, it is planned to be used for the construction project of multi-variety concentrated juice production line.
At present, Andre Juice has 16 concentrated juice production lines, which process more than 1 million tons of fruit annually. It is designed to produce 200,000 tons of concentrated fruit juice, fructose, fruit pulp, freshly squeezed fruit juice, and flavors. The processing capacity and production scale of concentrated apple juice are among the best in the industry, with obvious scale advantages. However, the company’s main products are concentrated fruit juice, concentrated pear juice, fructose, freshly squeezed juice, flavors, etc. The main processed fruit varieties are apples, pears and other fruits that are in high demand in the market. For small varieties of fruits that also have a broad market, such as peach, Processing such as strawberries has not been developed on a large scale, and only small batches are produced. This fundraising can alleviate this shortcoming.