Hongrun Food Bei Stock Exchange is listed ＂stranded＂
Economic Herald reporter Yang Jiaqi
After receiving IPO counseling for more than 3 years, Jining Hongrun Food Co., Ltd. (hereinafter referred to as “Hongrun Food”) disclosed on May 16 that the company and securities firms have signed the “Lift Agreement on Counseling Agreement”.It was confirmed that the company’s termination counseling was confirmed on May 16, which also meant that the listing plan of Hongrun Food Bei Stock Exchange was stranded.
Economic Herald reporter noticed that since April this year, there are three Lu Enterprises who plan to list on the Beijing Stock Exchange to terminate counseling.They are: Shandong Northern Venture Waterproof Technology Group Co., Ltd. (hereinafter referred to as “Northern Venture”), Zibo Qi Xingxing New Materials Co., Ltd. (hereinafter referred to as “Qi Xingxing”), Taiwei Energy Group Co., Ltd. (hereinafter referred to as”Taivi Energy”).
Hongrun Food lost 16.3364 million yuan last year
According to public information, Hongrun Food is currently a listed company in the New Third Board, with a registered capital of 198.732 million yuan. The company signed a counseling agreement with Guorong Securities on January 28, 2021, and reported to the Shandong Securities Regulatory Bureau on January 29, 2021.The application materials for counseling filing were sent. On February 2, 2021, the Shandong Securities Regulatory Bureau accepted the relevant materials, and Hongrun Food entered the counseling stage.
Hongrun Food said that according to the needs of the company’s strategic development and careful consideration, the company and Guo Rong Securities, the company’s counseling agency, negotiated, and signed the “Lift Agreement on the Coaching Agreement” on May 13, 2024.Guo Rong Securities submitted the application materials for terminating counseling filing to the Shandong Securities Regulatory Bureau. The Shandong Securities Regulatory Bureau confirmed the company to terminate the counseling on May 16.
The Economic Herald reporter learned that Hongrun Food is a company that is mainly engaged in agricultural and sideline food processing. The main products and service items include the slaughter, storage, processing, sales and quick -frozen -jelly -tuned regulatory of meat chickens and meat ducks.The main business includes the business of commodity and poultry breeding, commodity poultry slaughtering and processing, prefabricated food, and cooked food.
According to the 2023 annual report, Hongrun Food achieved operating income of 235,316,800 yuan in 2023, an increase of 15.16%year-on-year, and the net profit attributable to the shareholders of the listed company was -16.3364 million yuan, a decrease of 376.17%year-on-year.Hongrun Food said that income growth is mainly due to the increase in the production of new subsidiaries Hongteng Food, chickens, ducks and other production year -on -year increases.
At the same time, reporters from the Economic Herald found that Hongrun Food’s gross profit margin also decreased more.Financial data shows that in 2023 Hongrun’s gross profit margin was 1.19%, and the gross profit margin in 2022 was 2.43%, a decrease of 51.03%year -on -year.Hongrun Food explained to this that the prices of raw materials (chicken/duck) rose, and pork plummeted and affected the price of alternative poultry meat.
Specifically, in terms of raw materials, the acquisition price of Maoshis was 8661.37 yuan/ton in 2023, an increase of 606.43 yuan/ton in 2022, and the purchase price of Mao Duck was 9037.99 yuan/ton, an increase of 914.94 yuan/ton in 2022.In the sales side, the comprehensive price of chicken products in 2023 was 9389.21 yuan/ton, a decrease of 220.5 yuan/ton in 2022. The comprehensive price of duck products was 8519.75 yuan/ton, a decrease of 274.58 yuan/ton in 2022.In addition, the new subsidiary Hongteng Food is put into production in this issue. Because equipment and personnel are in the running-in period, the best operating status of the enterprise has not yet reached a gross profit margin of the Hongteng food in this period.
Whether the termination counseling is related to the loss of 2023 and whether the company’s performance in the first quarter of 2024 has reversed the loss trend? Economic Herald reporter called Hongrun Food on May 21 to understand the relevant situation, but the company’s phone has been unaccussion.
There are three other Lu Enterprises to terminate counseling
In addition to Hongrun Foods, since April this year, there are three Lu Enterprises planned to be listed on the Beijing Stock Exchange to terminate counseling.
According to the data, Qimingxing is located in Zibo High -tech Zone. The company was established in December 1997. The registered capital is 56.331 million yuan. It was listed on the New Third Board in January 2017. It is currently on the innovation level.Won the “Shandong private enterprise innovation potential 100 potential for innovation”.
Economic Herald reporter noticed that Qimingxing signed an IPO counseling agreement with Minsheng Securities on May 9, 2022, and plans to be listed on the Beijing Stock Exchange.However, on July 12, 2023, the two parties lifted the counseling agreement because the company’s strategic development adjustment.However, just a week later, Qi Xing signed a counseling agreement with Zhongtai Securities on July 20th.
On April 11 this year, Qimingxing issued an announcement saying that, given the adjustment of the company’s strategic development, and after a friendly consultation with China -Thailand Securities, the two parties signed the termination agreement on April 11, 2024, and submitted to the Shandong Securities Regulatory Bureau to terminate the counseling filing record for the filing of counseling.For application materials, the Shandong Securities Regulatory Bureau has confirmed the termination of counseling on the same day.
Northern Venture has also announced the termination of the Northern Stock Exchange’s listing counseling, the main reason is that the company’s strategic development adjustment is also.The Guide Institution Guorong Securities reported to the Shandong Securities Regulatory Bureau the application materials for terminating counseling filing. The Shandong Securities Regulatory Bureau confirmed the company to terminate the counseling on April 22.
After terminating the listing counseling, Northern Chuangxin issued an announcement saying that the New Third Board listing was terminated from April 30.Economic Herald reporter noticed that Northern Venture was listed on March 1, 2023 to listed on the foundation of the New Third Board, with only one year of listing.
According to disclosure, Northern Venture was established in June 2011, with a registered capital of 51.5152 million yuan.Northern Venture was listed on the New Third Board, which was intended to sprint the North Stock Exchange.Just when the listing counseling was launched in November 2023, Northern Venture is not yet in the profit conditions of the Bei Stock Exchange.The operating income of Northern Venture in 2021 and 2022 was 97.5828 million yuan and 98.238 million yuan, respectively, and the net profit after deduction was 2.966 million yuan and 9.408 million yuan, respectively.
Public information shows that Taiwei Energy is a listed company in the New Third Board.On August 11, 2023, the company signed an IPO counseling agreement with open source securities. It is planned to be listed on the Beijing Stock Exchange. On August 15, 2023, the Shandong Securities Regulatory Bureau submitted a listing of application materials for listing counseling.On August 18, the Shandong Securities Regulatory Bureau accepted the relevant materials, and Taiwei Energy entered the counseling stage.
Taiwei Energy stated that due to the adjustment of the company’s strategic development, the company’s friendly negotiation between the company and the counseling agency’s open source securities decided to terminate the relevant counseling work on the listing of the Beijing Stock Exchange.On April 29, 2024, the two parties signed an early termination agreement. On April 30, the open source securities submitted the application materials for terminating counseling filing to the Shandong Securities Regulatory Bureau, and confirmed the termination on the same day.
Financial data shows that Thaiway’s energy achieved operating income of 341 million yuan in 2022, an increase of 347.16%year -on -year; the net profit attributable to shareholders of listed companies in 2022 was 18.8884 million yuan, an increase of 1276.93%year -on -year.The annual report of 2023 shows that Thaiway’s energy achieved operating income of 220 million yuan, a year-on-year decrease of 35.52%; the net profit attributable to shareholders of the listed company was -21.422 million yuan, which was directly from profit to losses.
Taiwei Energy said that the company’s operating income decreased, mainly because gas income decreased by 111 million yuan compared with 2022; in addition, the sales price of natural gas decreased significantly year -on -year, resulting in the company’s gross profit margin from 12.46%to 6.26%, which in turnCaused a great impact.
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