Reporter Huang Shougen
On November 8, the CSRC's online service platform disclosed that Shandong Shuaike Pet Supplies Co., Ltd. (referred to as "Shuaike Pet") has conducted its initial public offering and listing guidance filing, and the guidance institution is Oriental Securities .
public information shows that Shuaike Pet was established in February 2012 and its registered place is located in Yinan County, Linyi City. The legal representative of is Yuan Fang. The company's main business is the research, development, production and sales of pet food and supplies, and belongs to the agricultural and sideline food processing industry. In terms of
equity , Yuan Fang is currently the controlling shareholder of Shuaike Pet, with holding with a proportion of 34.37%. At the same time, the company's shareholders also include a number of equity investment institutions, among which Boyu Phase IV (Xiamen) Equity Investment Partnership and Suqian Zhongpeng Huiying Asset Management Partnership hold relatively high shares, at 9.97% and 5.90% respectively.
Shuaike Pet (Photo source: company official website)
The large number of equity investment institutions reflects the company's frequent financing. Days Eye Check shows that since receiving the Pre-A round of investment from China Securities in August 2017,Shuaike Pet has completed 8 rounds of financing so far.
The most recent one was the Pre-IPO round that occurred at the end of May this year. It was led by Bailian Zhigao Capital and Boyu Capital, followed by Ronghui Capital, Zhonghai Capital, Linyi Fund, Wusheng Zhongda Investment, Jinpu Investment , Houwei Capital, etc., with a total amount of nearly 500 million yuan. The company said that this round of financing will be used to build new factories and supporting R&D testing centers, consolidating its leading advantage in the field of high-end pet food processing. After
frequently received financing, Shuaike Pet production capacity continued to expand. At the end of August last year, Qin Hongjun, director of the Human Resources Administration Center of Shuaike Pet Group, revealed in an interview with the media that the company's annual pet food production has exceeded 300,000 tons, with a turnover of 320 million yuan in 2020, and is expected to exceed the 1 billion yuan mark in 2022.
Data from the white paper of China's pet industry shows that the market size of my country's pet food industry has increased from 15.7 billion yuan in 2012 to 128.2 billion yuan in 2021. Except for the impact of the epidemic in 2020, most of the annual growth rate of market size has remained above 20% since 2012, with an average annual compound growth rate of 26.28%, far exceeding the world average of 6.17%. With the continuous growth of the national economy and the increase in the awareness of pet owners to maintain scientific pets, the scale of the domestic pet food market is expected to continue to grow, and domestic pet food brands will usher in major development opportunities.
This time Shuaike Pet launches IPO guidance, which means that the number of listed companies listed in Shandong pet food in A shares may expand again in the future. At present, Zhongpeng Shares from Yantai and Luss Shares from Weifang have logged into capital market , and Guaibao Pet from Liaocheng has passed the first release.
Guaibao Pet Health Care Center (Photo source: company official website)
The third quarter report just disclosed showed that Zhongpeng Co., Ltd. achieved revenue of 2.442 billion yuan during the reporting period, and increased by 21.38% year-on-year, corresponding net profit attributable to shareholders of 115 million yuan, year-on-year, 24.99%; Luce Co., Ltd. achieved revenue of 370 million yuan, year-on-year, 14.12%, corresponding net profit attributable to shareholders of 29 million yuan, year-on-year, 30.5%. Both achieved rapid development.
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