Lei Di Network Lei Jianping reported on June 19
Weili Holdings Co., Ltd. (referred to as "Weili Holdings", stock code: 2372.HK) has recently passed the listing hearing and is preparing to be listed in Hong Kong.
Weili Holdings' issuance range is HK$0.63 to HK$0.67. It plans to issue 200 million shares and can raise up to HK$134 million.
Weili Holdings is expected to be listed on the main board of the Hong Kong Stock Exchange on June 30, 2022. Weili Holdings comes from Hong'an County, Huanggang, Hubei. Once listed, another listed company will be born in Hubei.
The current capital market is in turmoil, and the subscription situation of Weili Holdings is not ideal.
-year revenue of 370 million
Weili Holdings is a cigarette packaging paper manufacturer with the research and development capabilities to supply customized products to customers.
In 2011, Weili Holdings established Hubei Qiangqiang as its main operating entity. In 2014, Weili Holdings completed the construction of production plants, dormitories and office spaces in Hong'an New Industrial Park, Hong'an County, Huanggang City, Hubei Province.
Weili Holdings mainly supplies products to cigarette packaging manufacturers operating in various provinces in China, mainly including Hubei Province and Henan Province.
The products sold by Weili Holdings are used in the manufacture of cigarette packaging for well-known Chinese tobacco brands. The
prospectus shows that Weili Holdings’ revenue in 2019, 2020, and 2021 was 312 million yuan, 318 million yuan, and 370 million yuan respectively; its gross profits were 65.75 million yuan, 70.11 million yuan, and 81.79 million yuan respectively.
Weili Holdings’ revenue from Hubei Province in 2021 reached 166 million yuan, accounting for 44.9%; revenue from Henan Province was 121 million yuan, accounting for 32.7%; revenue from the Northeast region was 44.17 million yuan, accounting for 32.7% of revenue; was 11.9%; income from East China was 33.27 million yuan, accounting for 9%.
Weili Holdings’ operating profits in 2019, 2020 and 2021 were 40.18 million yuan, 49.3 million yuan and 41.82 million yuan respectively; the profits during the period were 34.3 million yuan, 42.17 million yuan and 35.69 million yuan respectively.
Chen Weizhuang holds 56.5% of the shares
Weili Holdings’ executive directors are Chen Weizhuang and Yu Tianbing; the non-executive directors are Hu Haoran; the independent non-executive directors are Liu Yimin, Chen Yangde and Ms. Feng Yuan. Before the
IPO, Chen Weizhuang held 56.5% of the shares, Yu Tianbing held 16%, Qidong held 24.5%, and other investors held 3%.
Hu Haoran holds 32.66% of Qidong's equity, Wu Bo holds 28.57% of Qidong's equity, Lu Shunhe holds 22.44% of Qidong's equity, and Lin Huan holds 16.33% of Qidong's equity.
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