On the evening of August 20th, Sichuan Teway Food Group Co.,Ltd. disclosed an announcement regarding its plans to issue H-shares and seek listing on the Main Board of the Hong Kong Stock Exchange.
The company stated that this initiative aims to further advance its internationalization strategy, improve overseas business layout, enhance international brand influence, and optimize capital structure through international capital markets.
According to the announcement, the company is actively working with relevant intermediary institutions to advance the preparation and discussion work for the H-share issuance and listing. However, core details such as issuance scale and pricing mechanism have not yet been finalized.
As a renowned compound seasoning enterprise in Sichuan Province, Sichuan Teway Food Group Co.,Ltd.'s main business covers research and development, production, and sales of compound seasonings. Its core products include hotpot seasonings, Chinese dish seasonings, sausage and bacon seasonings, as well as chicken essence, spicy sauce, and sweet bean sauce. The company's two major brands "Haorenjia" and "Dahongpao" enjoy high recognition in the domestic market, with products also exported overseas.
Sichuan Teway Food Group Co.,Ltd. was listed on the A-share market on April 16, 2019. Financial data shows that the company achieved revenue of 3.476 billion yuan in 2024, representing a year-on-year increase of 10.41%. Net profit attributable to shareholders reached 625 million yuan, up 36.77% year-on-year, with both revenue and net profit achieving double-digit growth.
As of the close of trading, Sichuan Teway Food Group Co.,Ltd.'s stock price stood at 12.3 yuan, giving the company a total market capitalization of 13.099 billion yuan.
The company indicated that it will fulfill information disclosure obligations in a timely manner based on the progress of the H-share issuance and listing process.
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