Chinanews Client Beijing, September 28th (Zuo Yukun) Grain and Oil Brother!
The largest IPO in GEM history!
Revenue is twice that of Moutai, the sum of Yili and Mengniu!
Behind it is "Beijing's Best Landlord"!
Behind this series of glittering names, they all point to the same company "Arowana".
On September 28, Yihai Kerry Golden Arowana Grains, Oils and Foodstuffs Co., Ltd. (stock abbreviation "Golden Arowana") announced the IPO online subscription status and the announcement of the winning rate, entering the countdown to listing on the GEM.
Can this grain and oil giant that is about to go on the market win the "sea" like a "fish"?
Image source: Yihai Kerry WeChat public account
Because of the "1:1:1" hot Arowana, it must be listed first
Yihai Kerry Golden Dragon Fish Grain, Oil and Food Co., Ltd. used to be abbreviated as "Yihai Kerry", and the prospectus also uses this abbreviation, perhaps because many people have never heard of the somewhat slurred name "Yihai Kerry". Its brand, Arowana, is a household name, so Yihai Kerry has now changed its stock abbreviation to “Arowana”.
Yihai Kerry Golden Arowana Cereals, Oils and Foodstuffs Co., Ltd. (hereinafter referred to as "Arowana") is one of the largest agricultural and food processing companies in China. Its main business is the research and development, production and sales of kitchen food, feed ingredients and oil technology products .
Famous like Arowana, it is actually just one of the many brands under Yihai Kerry Group. Yihai Kerry’s grain and oil army also includes brands such as "Orchid Flower", "Xiangmanyuan", and "Ou Li Wei Lan". , Flour, cooking oil to olive oil, basically sweep the kitchen.
"Arowana 1:1:1, balanced nutrition and scientifically good oil." Arowana, which created the classic marketing communication concept of "1:1:1" with a brainwashing effect, came to the capital market and is also actively striving for the first place.
A classic advertisement of Arowana.
Video screenshot
The first is that it has raised a total of 13.87 billion yuan, making it the largest IPO fundraiser in the history of the GEM; secondly, Arowana plans to issue 542 million shares, accounting for 10% of the total equity after the issuance. The total share capital is 5.422 billion shares.
Based on the issue price of 25.7 yuan, the total market value of Arowana will reach 139.3 billion yuan without being listed.
As of the close of September 28, this market value ranked seventh in the GEM, easily surpassing Wen's shares (125.557 billion yuan), the leading agricultural leader on the GEM.
Currently, the top of the GEM is the Ningde era with a market value of 449.379 billion yuan.
Since there is no limit on the price increase or decrease in the first five days of listing on the GEM, Arowana only needs to increase by 223% over the issue price on the first day to become the “big brother” on the GEM, and only need to increase by 58% to be among the top three in GEM market value. .
According to Arowana's announcement on the 28th, the final winning rate for its online issuance was 0.0572%.
Judging from its popularity, its opponents on GEM can be described as "very few".
One arowana = two Kweichow Moutai = Mengniu + Yili
The confidence of "fishing over the dragon" in the capital market naturally comes from its strong ability to attract gold.
As the old saying goes, "a lot of oil is not bad for vegetables." How profitable is cooking oil, which is inseparable for frying?
Arowana’s prospectus shows that operating income from 2017 to 2019 was 150.766 billion yuan, 167.74 billion yuan and 170.743 billion yuan.
Screenshot from Tianyan Check.
what is this concept?
Let's compare several leading companies that are also "liquid".
In 2019, Kweichow Moutai’s revenue was 88.854 billion yuan, Mengniu Dairy’s revenue was 79.164 billion yuan, and Yili’s revenue was 90.223 billion yuan.
In other words, from the perspective of annual revenue, Arowana (Yihai Kerry) = 2 Kweichow Moutai = Mengniu + Yili.
The "Flying Moutai", which can make the A stock market the most valuable, are willing to bow down, and the opponents on the GEM stage are naturally no exception.
From the perspective of the overall situation of the GEM, the top three GEM revenues in 2019 were Shanghai Steel Union, Wen's shares, and Ningde Times, respectively, which were 96.055 billion yuan, 57.24 billion yuan, and 29.611 billion yuan. Arowana's revenue was easy. Ranked first on the Growth Enterprise Market.
The boss is a 97-year-old cross-border expert. He can go to the kitchen and go to the "hall"
Although Arowana is a household name in China, in fact, its main operating entity is an enterprise controlled by foreign capital.
According to the official website of Arowana, Yihai Kerry Group is the abbreviation of the enterprise group with Yihai Kerry Arowana Food Co., Ltd. as its core. It is a company invested by the famous patriotic overseas Chinese Mr. Guo Henian and his nephew Mr. Guo Kongfeng. The general term for a series of grain, oil and food processing and sales businesses invested by international groups in the mainland of the motherland.
On October 9, 2015, Guo Henian attended the 8th World Fujian Fellowship Conference in Xiamen.
Photo by China News Agency reporter Wang Dongming
Guo Henian, who ranks 171 on the Forbes real-time rich list, is born in Fuzhou, Fujian and is one of Malaysia's most successful entrepreneurs. Up to now, Guo Henian has been the richest man in Malaysia for 13 consecutive times.
The labels on his body range from "Asian Rich" to "Grain and Oil Tycoon", from "Hotel King" to "Asian Sugar King". The "breadth" of life is amazing.
Public information shows that when Guo He was in his 20s, he took over the family's grain and oil business and was born in the blue. With Malaysia's unique geographical location, he vigorously develops regional trade in rice, grain, oil, sugar and other commodities.
In the 1970s, the Kuok family controlled 150,000 tons of sugar each year, accounting for 80% of the Singapore and Malaysian markets, and 10% of the international sugar market. The "Asian Sugar King" was born.
In 1971, Guo Henian invested 100 million ringgits to create a luxury hotel in Singapore, named after "Shangri-La", which was filled with beautiful expectations.
And this "Xanadu", positioned as a high-end hotel, became famous in World War I. It has blossomed in Thailand, Hong Kong, Fiji, and Mainland China. Kuok has achieved the achievement of "Hotel King".
However, Guo Henian’s most dazzling investment project is also Beijing’s landmark China World Trade Center.
In Beijing's CBD, where the land and the money are high, the total construction area of the International Trade Center is 1.1 million square meters, and it only rents but not sells. Guo Henian has become an enviable international gold medal "chartering company".
Why is Arowana listed domestically? Very optimistic about China's development prospects
"Under the Guo Henian family, there are not only Beijing International Trade Center where you go to work every day, but also the arowana cooking oil you eat every day, and the Shangri-La hotel where you are going to stay on business." Why should you come here? Rushing in the capital market?
"Arowana is going to be listed in the country, financing is not the main purpose, but after listing, Arowana can naturally transform into an authentic domestic enterprise, completely free from foreign restrictions." Cong Yihai Kerry Group Vice Chairman , Chief Operating Officer Mu Yankui once said.
In recent years, Yihai Kerry Group has also attached great importance to its sense of belonging in China.
An article on the official website of Yihai Kerry mentioned that in 2018, Guo Kongfeng, Chairman of Yihai Kerry and Guo Henian’s nephew, was awarded the honorary citizenship by Qiqihar City and received the “Chinese Green Card” from the People’s Republic of China. I have a permanent residence ID card and become a genuine Chinese entrepreneur.
Image source: Yihai Kerry official website
In the eighth episode of the CCTV documentary "Shenzhen Story", "Shenzhen People Come", Guo Kongfeng also said that he is very optimistic about China's development prospects and will continue to substantially increase investment in China.
Arowana’s listing can be said to be an important layout for Yihai Kerry to deepen its efforts in the Chinese market. So when you come to the same arena, you have to mention that the market value exceeds that of the oil giant Sinopec and China’s strongest local food and beverage company-"Soy Sauce Brother" Haitian flavor industry.
From the perspective of net profit, from 2017 to 2019, the net profit of Arowana is 5 billion yuan, 5.1 billion yuan and 5.4 billion yuan respectively, which is equivalent to the 5.3 billion yuan net profit of the condiment leader Haitian Flavour Industry in 2019. .
Like Haitian Flavour, in 2020, the new crown pneumonia epidemic has actually boosted Arowana's performance growth.
The prospectus shows that in the first half of this year, Arowana achieved operating income of 86.973 billion yuan, a year-on-year increase of 10.53%; realized a net profit of 3.008 billion yuan, a year-on-year increase of 88.35%.
The people regard food as the sky, and the handles in the kitchen have come to the capital market one after another, and they have also supported the sky. Does it also support the sky in your kitchen?
(Finish)