Leidi.com Lei Jianping December 15
Ningbo Sobao Protein Technology Co., Ltd. (referred to as "Sobao Protein", stock code: "603231") was listed on the main board of the Shanghai Stock Exchange today.
The issue price of Sobao Protein was 21.29 yuan, with 47.8648 million shares issued, raising a total of 1.019 billion yuan.
Sobao Protein originally planned to raise 555 million yuan, of which 120 million yuan was used for a 30,000-ton soybean tissue drawing protein production line construction project, 120 million yuan was used for a 5,000-ton soybean granular protein production line construction project, and 145 million yuan was used for a 75T medium temperature and medium pressure project. For the high-efficiency pulverized coal boiler project, 170 million yuan will be used to supplement working capital.
Suobao protein raised nearly 500 million yuan this time.
The opening price of Sobao protein was 30 yuan and the closing price was 28.46 yuan. The closing price increased 33.68% from the issue price; based on the closing price, the company's market value was 5.449 billion yuan.
Annual revenue is expected to drop by more than 4%
Sobao Protein is a professional plant protein manufacturer and is committed to introducing the natural nutritional value of plant proteins into the food and beverage, nutritional health products and dietary supplement markets.
The original name of Sobao Protein was Ningbo Sobao Food Co., Ltd. It was a wholly foreign-owned enterprise registered and established in Ningbo Free Trade Zone by Israel Sobao Industrial Group in 2003 and put into operation in 2005. The company has successively experienced Ningbo Sobao Food Co., Ltd., Ningbo Xingu Food Co., Ltd., and Ningbo Sobao Protein Technology Co., Ltd., and changed its name to Ningbo Sobao Protein Technology Co., Ltd. at the end of December 2018.
Sobao Protein is committed to the deep processing industry of domestic non-GMO soybeans. By improving the functionality and taste of soybean protein, it is more in line with human needs for health and nutrition.
The prospectus shows that Sobao protein’s revenue in 2020, 2021 and 2022 will be 1.279 billion yuan, 1.586 billion yuan and 1.847 billion yuan respectively; net profits will be 97.745 million yuan, 124 million yuan and 168 million yuan respectively; net profit after non-deductible They were 84.0669 million yuan, 124 million yuan, and 150 million yuan respectively.
Sobao protein's revenue in the first half of 2023 was 847 million yuan, with a net profit of 74.36 million yuan, and a net profit after non-profit deductions of 70.769 million yuan.
Sobao protein's revenue in the first nine months of 2023 was 1.288 billion yuan, a decrease of 5.49% from 1.363 billion yuan in the same period last year; net profit was 119 million yuan, a decrease of 4% from 124 million yuan in the same period last year; net profit after non-discounting was 115 million yuan, a decrease of 5% from 121 million yuan in the same period last year.
Sobao Protein expects revenue in 2023 to be 1.696 billion to 1.767 billion, a decrease of 4.32% to 8.16% compared with 2022. Net profit attributable to owners of the parent company was 161 million to 172 million, a year-on-year change of -4.18% to 2.37%; non-net profit after deducting was 156 million to 167 million yuan, a year-on-year increase of 2.35% to 9.56%.
Fosun and Shanghai Bunge are shareholders
As of the signing date of this prospectus, Liu Jishan directly holds 53.77% of the equity of Wonderful Group, and Wonderful Group directly holds 57.63% of the shares of Sobao Protein; Liu Jishan directly holds 38.49% of the capital contribution of Hexin Investment, and Hexin The investment directly holds 4.42% of the shares of Sobao Protein.
Liu Jishan indirectly holds 32.69% of the shares of Sobao Protein and is the actual controller of the company.
Liu Jishan, born in April 1967, holds a master's degree. From July 1989 to June 1996, he served as technician and workshop director of Kenli Refinery; from June 1996 to February 2001, he served as deputy general manager of Dongying Huadeli Glass Wool Products Co., Ltd.; from February 2001 to 2001 From July 2003 to June 2021, he served as the general manager of Dongying Dingli Food Co., Ltd.; from July 2001 to present, he served as the chairman and general manager of Wonderful Group; from June 2003 to June 2021, he served as the supervisor of Beijing Zongheng Zhiyuan Management Consulting Co., Ltd. ;
Liu Jishan served as director of Jilin Fengzheng from August 2007 to March 2022; from July 2010 to September 2021, he served as chairman of small loans; from July 2013 to September 2021, he served as chairman of Huili Capital ; From October 2017 to present, he has been the executive director of Biotechnology; from December 2017 to December 2018, he has been the chairman of Sobao Co., Ltd.; from December 2018 to present, he has been the chairman of Sobao Co., Ltd.
In addition, Jinan Fosun and Ningbo Fosun hold 9.38% of the shares respectively, Shanghai Bunge holds 5%, Hexin Investment holds 4.42%, Huanzhi holds 3.48%, and Rongzhi Investment holds 3.25%. Dongrui Investment holds 2.04%, Qingdao Yantai holds 1.81%, Kuning Consulting holds 1.13%, Xu Guangcheng holds 0.62%, Guofu Guoyin holds 0.58%, and Heyun Consulting holds 0.49 %, with Ye Hong holding 0.42%, Tang Bin holding 0.25%, and Bai Tao holding 0.12%.
After the IPO, Wonderful Group directly holds 43.22% of the shares, Jinan Fosun and Ningbo Fosun hold 7.04% respectively, Shanghai Bunge holds 3.75%, Hexin Investment holds 3.32%, and Huan Zhi holds 3.32%. 2.61%, Rongzhi Investment holds 2.44%, and Dongrui Investment holds 1.53%;
Qingdao Yantai holds 1.36%, Kuning Consulting holds 0.85%, Xu Guangcheng holds 0.46%, Guofu Guoyin holds 0.44%, Heyun Consulting holds 0.37%, and Ye Hong holds 0.31% , Tang Bin holds 0.19% of the shares, and Bai Tao holds 0.09%.
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