On the evening of April 30, the listing celebration dinner of Dongrui Food Group Co., Ltd. was grandly held in Heyuan, Guangdong. More than 700 guests from all walks of life and industry elites gathered for this historic moment to celebrate together!
Dongrui Co., Ltd. is a national-level key leading enterprise integrating feed production, breeding innovation, breeding pig expansion, pig breeding, and pig sales. It is a standardized scale pig raising, biological safety prevention and control, green ecological breeding, food safety management, and product With unique advantages in quality control and other aspects, it is an important "vegetable basket" production ba
Speech by Yuan Jiankang, Chairman and General Manager of Dongrui Food Group Co., Ltd.
Yuan Jiankang said at the celebration dinner that the successful listing of Dongrui shares benefited from the strong support of government departments, regulatory agencies, and all walks of life, as well as the joint efforts of all employees. The listing has opened up a broader development space for Dawnrays. Dawnrays will always adhere to the concept of focusing on healthy farming, provide the society with safe and high-quality pork, and maintain the supply. At the same time, Dawnrays will also formulate standardized production strategies, quality strategies, and talent strategies, accelerate the expansion of production scale and improve the entire pig industry chain, and strive to manage management, improve quality, and create famous brands to enhance the core competitiveness of the company and become Guangdong, Hong Kong and Macau. A quality pig supplier in the Greater Bay Area. In the future, Dawnrays Co., Ltd. will seize the new development platform and opportunity of listing, and use the power of the capital market to further improve the core competitiveness of the company, actively fulfill its social responsibilities, and help rural revitalization. Repay the trust and support of investors and all walks of life with more outstanding performance, and make greater contributions to ensuring the supply of meat and the high-quality development of agriculture.
Chen Sanyou, President of the Guangdong Pig Industry Association, expressed his warm congratulations on the successful listing of Dongrui Co., Ltd.
Chen Sanyou pointed out that in recent years, various departments at all levels in Guangdong Province have resolutely implemented the decisions and deployments of the Party Central Committee, the State Council, the Provincial Party Committee and the Provincial Government. The stable production and supply of live pigs have been an important political task, put on the important agenda, and adopted effective measures. Continue to promote the resumption of production and supply of live pigs. Enterprises in the pig breeding industry in Guangdong actively responded to the call of the party and the state, continued to increase production and investment, bravely be the pioneers of stable production and supply of pigs, and industrial transformation and upgrading. The province has many new, large-scale and high-level new and expanded projects, and the recovery of pig production capacity has accelerated , The stock market has steadily recovered, and the supply has been generally stable, which has made a positive contribution to the stable development of the society and economy. According to the province's dispatch, since 2020, the province's investment in animal husbandry, which is dominated by live pigs, has increased substantially by 147.9%, driving a 33.9% increase in investment in the primary industry. The province has newly built, renovated and expanded 997 large-scale pig breeding farms, of which 566 have been completed and 431 are under construction. The new pig stock is 2.3352 million, of which 481 thousand reproductive sows have been added. According to the report of the Guangdong Investigation Team of the National Bureau of Statistics, in the first quarter of 2021, 8.377 million live pigs in Guangdong, an increase of 26.7%; 1.905 million breeding sows, an increase of 28.2%; 18.936 million live pigs, a year-on-year increase 36.3%, the basic production capacity of live pigs has been further consolidated.
The successful listing of Dawnrays in the adversity of the pig industry will further boost the confidence of all pig farmers and the vitality of the pig industry, and accelerate the transformation and upgrading of the Guangdong pig industry with high-quality development.
Chen Yaosheng, Chief Scientist of the National Pig Industry Technology System and Director of the Expert Committee of the National Pig Genetic Improvement Program
Chen Yaosheng pointed out that the listing of Dongrui shares is a major event in the pig industry in Guangdong. In addition to being the first company to enter the A-share capital market in Heyuan City, Guangdong Province, Dongrui shares are also the first in the country to list pigs as a single entity this year. Businesses. The listing is an affirmation of the work of Dawnrays in the past 30 years, and it is also the initial stage of Dawnrays’s new journey. It is hoped that Dawnrays will pay more attention to talents and scientific and technological innovation. The power of strength and talents can win glory for pig farmers and create new brilliance for the pig industry in Guangdong.
Kang Ziqiang, managing director and sponsor representative of China Merchants Securities Investment Bank Headquarters
Handover Ceremony of Raised Funds Cheques
Exchange souvenirs
The celebration dinner also included a fund-raising cheque handover ceremony and a souvenir exchange ceremony. Representatives from major banks and pig-raising companies presented souvenirs and sincere blessings to Dawnrays.
The successful listing of Dawnrays shares is a brand new starting point. According to the prospectus, the number of initial public offerings of Dawnrays shares is 31.67 million shares, accounting for no less than 25% of the total share capital after the issuance. After the issuance, the total share capital will be 127 million shares. The total planned initial fundraising is 2 billion yuan, with a net amount of 1.81 billion yuan. Part of this fund will be used for new/renovated and expanded pig farms and feed factories, and the rest will be used as working capital.
Dawnrays shares was founded in 2002. After nearly 20 years of business development, the group has grown from a single original pig farm to an annual output value of 1.41 billion yuan (Note: 2020), with breeding pigs, commercial pigs, feed, feed additives, pig slaughter, meat processing, etc. Multiple supporting industries, a modern agricultural industry group integrating scientific research, production, and trade, has formed its own unique competitive advantage.
As one of the top three suppliers of live pigs to Hong Kong in the Mainland, Dawnrays has successively won honorary titles such as the national key leading enterprise in agricultural industrialization and the "Vegetable Basket" production ba
In 2020, Dawnrays insisted on "two-handed" in epidemic prevention and management, and handed over a dazzling "report card":
——The group realized total assets of 1.743 billion yuan, net assets of 1.202 billion yuan, total output value of 1.41 billion yuan, and net profit of 681 million yuan;
—— Make every effort to ensure the meat supply in the Hong Kong market, achieve exports of over 170,000 heads, realize export earnings of 100 million U.S. dollars, and become the largest supplier of live pigs to Hong Kong;
——Guarantee the local meat supply in Guangdong and Heyuan, and made due contributions in terms of meat supply and price stability; during the epidemic prevention and control period, it did its best to supply meat for the Hong Kong and Guangdong markets, which was recognized as "epidemic prevention and control". National Key Guarantee Enterprise for Controlled Materials".
The data shows that in the past three years, Dawnrays' operating income and total assets have shown a rapid growth trend. Among them, the average annual compound growth rate of operating income is 49.23%, and the average annual compound growth rate of total assets is 67.59%. The company's overall asset growth rate is faster. Faster, higher quality, and better cash flow. (Part of the data comes from Heyuan Daily)
(The original text is reproduced from: Pig Raising Information Network)
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