On April 1, “Luwei Yige” Juewei Food Co.Ltd(603517) announced that the company recently received the reply on the company’s non-public offering of shares issued by the China Securities Regulatory Commission, which approved the company’s non-public offering of no more than 184 million shares (including this number).
According to the announcement, the total amount of funds to be raised by the company (including the issuance cost) will not exceed 1.180 billion yuan. After deducting the issuance cost, the net amount of funds raised will be used for the processing and construction project of 65700 tons of halogenated meat products and by-products of Guangdong Ahua Food Co., Ltd. and the processing and construction project of 25000 tons of halogenated meat products and by-products of Guangxi ahiu Food Co., Ltd.
China Industrial Securities Co.Ltd(601377) research report pointed out that Juewei Food Co.Ltd(603517) this fixed increase in fund-raising capacity will effectively alleviate the company’s capacity bottleneck and continue to consolidate the leading position of halogen products.
It is understood that Juewei Food Co.Ltd(603517) this raised investment project is intended to supply the areas around Guangdong and Guangxi. AI media consulting research report shows that from the perspective of consumer portraits, central China, South China and East China are important sales and competitive markets for leading enterprises of halogen products. Among them, South China is an important consumer market second only to East China. In 2020, Juewei Food Co.Ltd(603517) South China accounted for 19.69% of the market sales. The capacity utilization rate of the existing production base in Guangdong continued to exceed 100%. The capacity utilization rate of the existing production base in Guangxi exceeded 80% all year round and exceeded 100% in some periods. It is urgent to expand the production capacity.
Based on the production capacity demand and the important market and sales position in South China, Juewei Food Co.Ltd(603517) the proposed construction project covers a total population of more than 180 million people. After putting into operation, with the gradual release of production capacity, the company’s competitive barriers and capacity utilization rate in the leisure halogen products industry will be further improved.
