Chongqing Hongjiu Fruit Pre-IPO - Lack of Moat Despite Long Operating History and Growth In Scale

Chongqing Hongjiu Fruit (CHJF) is looking to raise up to US$100m in its upcoming Hong Kong IPO. CHJF is a multi-brand fresh fruit distributor in China with an end-to-end supply chain.

• Chongqing Hongjiu Fruit (CHF HK) is looking to raise up to US$100m in its upcoming Hong Kong IPO. 
• Chongqing Hongjiu Fruit (CHJF) is a multi-brand fresh fruit distributor in China with an end-to-end supply chain. They have 1.0% market share as China's second largest fruit distributor.
• While CHJF is already profitable, its long cash conversion cycle has been straining its balance sheet as the company tries to scale up.

Full analysis here:- https://www.smartkarma.com/insights/chongqing-hongjiu-fruit-pre-ipo-lack-of-moat-despite-long-operating-history-and-growth-in-scale?utm_source=tiger_community

By Ethan Aw, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/ethan-aw-a8c2af23-ad42-4c74-a911-dc58331e72d9?utm_source=tiger_community

On Chongqing Hongjiu Fruit (CHF HK):- https://www.smartkarma.com/entities/chongqing-hongjiu-fruit?utm_source=tiger_community