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When to Solve the Mystery of Farmer Mountain Spring Listing

2019-1-20 14:29| 发布者: 左二爷| 查看: 177| 评论: 0|来自: 四川耍耍网www.cdwanshua.com

摘要: Ten years and a dream wakes up. On January 12, the Zhejiang Regulatory Bureau of CSRC issued a report on the termination of guidance for Nongfu Shanquan Co., Ltd. by CITIC Securities (17.880, 0.32, 1. ...
Ten years and a dream wakes up. On January 12, the Zhejiang Regulatory Bureau of CSRC issued a report on the termination of guidance for Nongfu Shanquan Co., Ltd. by CITIC Securities (17.880, 0.32, 1.82%) which showed that guidance for listing of Nongfu Shanquan was terminated in December 2018. Ten years have passed since the signing of the listing guidance plan with CITIC Securities in 2008. In response, Farmer Shanquan responded that the company did not have a listing plan and did not need the help of the capital market, so it terminated the listing guidance. Will Nongfu Mountain Spring continue to plan its IPO in the future? What are the reasons behind the initial listing plan of Nongfu Mountain Spring?

Termination of 10-year listing guidance

On January 12, the Zhejiang Supervisory Bureau of CSRC issued a report on the termination of the counseling of Nongfu Shanquan Co., Ltd. (hereinafter referred to as "Nongfu Shanquan") by CITIC Securities Co., Ltd. (hereinafter referred to as "CITIC Securities").

The report shows that on March 20, 2008, CITIC Securities and Nongfu Shanquan signed the Framework Agreement on Cooperation between Nongfu Shanquan Co., Ltd. and CITIC Securities Co., Ltd. in the Initial Public Offering of Stocks, and on May 22, 2008, signed the Agreement on Guidance for the Initial Public Offering of Stocks between Nongfu Shanquan Co., Ltd. and CITIC Securities Co., Ltd. On December 29, 2018, through friendly consultation between the two sides, Nongfu Shanquan and CITIC Securities signed the termination agreement of the above counseling agreement.

In fact, in recent years, rumors about the listing of farmer spring are common. However, in June 2017, Zhong Haoyao, chairman and general manager of Nongfu Mountain Spring, said publicly, "The capital market pays attention to demand and demand, but there is no demand for Nongfu Mountain Spring, so there is no need for listing."

Since it is not a listed company, the financial data of the old fast-disappearing company, Farmer Mountain Spring, has always been a mystery. According to the annual "Top 500 List of Zhejiang Merchants" published by Zhejiang Merchants magazine, the operating income of Nongfu Shanquan from 2014 to 2017 is 9 billion yuan, 12.6 billion yuan, 15 billion yuan and 16.25 billion yuan respectively.

It is worth noting that, unlike Farmer Shanquan, its brother company, Beijing Wantai Biopharmaceuticals Co., Ltd., which belongs to Yangshengtang, is closely planning to go public. On November 16, 2018, the official website of the Securities Regulatory Commission disclosed the prospectus of Wantai Biology's initial public offering. The company plans to publicly issue no more than 43.6 million shares on the Shanghai Stock Exchange, raising 380 million yuan.

According to the prospectus, Wantai Biological Controlling Shareholder is Yangshengtang Limited, which holds 63.35% of the former. Zhong Haoyao, the actual controller of Yangshengtang, directly holds 20.2053% of Wantai Biology, which is the actual controller of the company.

It is reported that Wantai Biology was established in 1991, mainly engaged in the development, production and marketing of in vitro diagnostic reagents, in vitro diagnostic instruments and vaccines. The core technologies include open automatic tubular chemiluminescence immunoassay, Yiconing, a hepatitis E vaccine with four global intellectual property rights, and domestic cervical cancer vaccine.

In this regard, Zhu Danpeng, a researcher at the China Food Business Research Institute, pointed out that Wantai Biology has more core competitiveness in terms of bargaining power and revenue than the beverage sector, thus acting as a "pioneer of listing" for its subsidiary. According to the data, Wantai Biology is engaged in the research and development, production and marketing of in vitro diagnostic reagents, in vitro diagnostic instruments and vaccines.

In fact, Nongfu Mountain Spring is chairman Zhong Haoyao also has crisis awareness. Before that, it had said to the outside world that traditional enterprises are facing various difficulties. Most of these enterprises are small-scale and have heavy tax burden. They are the lowest enterprises in society. They have been ruthlessly squeezed by financial enterprises, real estate enterprises and Internet e-commerce enterprises for a long time. Traditional enterprises and high-tech Internet enterprises have been in an unfair competitive environment for a long time. In the environment of public opinion, traditional enterprises are like silent lambs.

The Mystery of Farmer Mountain Spring's Listing

As the most famous beverage plate under Zhong Haoyao's banner, the parent company of Nongfu Mountain Spring is Yangshengtang. Before founding the farmer spring, Zhong Yaoyao set up the health hall in 1993, which started the brands of Yangshengtang turtle and turtle pills and Duoer capsules. According to Tian Eye Survey, up to now, there are 97 enterprises as legal persons, 4 enterprises as shareholders and 93 enterprises as senior managers.

Hangzhou-based Nongfu Mountain Spring is a drinking water production enterprise established in 1996. Its traditional products are bottled mineral water, which is taken from deep water of Qiandao Lake. Other products under its banner include "farmer orchard", "scream", "farmer tea", "farmer soda", "water-soluble C100" and "oriental leaves". Beginning with the advertisement of "Farmer Spring is a little sweet", Farmer Spring has risen rapidly in recent years. Farmer Spring Co., Ltd. is one of the top 20 beverage companies in China and one of the top 500 enterprises in China.

At present, China's bottled water market has reached 150 billion yuan. The top five drinking water products, including farmer spring, have more than 70% market share. According to the data of China Business Industry Research Institute, the six giants of bottled water in 2016 were Nongfu Mountain Spring, Huarun Yibao, Master Kang, Centenarian Mountain, Wahaha and Binglu, among which Nongfu Mountain Spring ranked first with 18.96%.

Up to the time of publication, Nongfu Shanquan has not disclosed more information about listing to the reporter of China Times, but Nongfu Shanquan told the relevant media that the company has no listing plan for the time being.

Although, Nongfu Mountain Spring is listed on the first one.

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