China $3.1 Billion Frozen Food Company Anjoy Foods Group Plans Hong Kong Secondary Listing IPO to Raise $336 Million, Founded in 2001 by Liu Mingming & IPO on Shanghai Stock Exchange in 2017, Liu Mingming is Billionaire with $1 Billion Fortune
25th June | Hong Kong
China frozen food company Anjoy Foods Group ($3.1 billion market value) is planning for a Hong Kong secondary listing IPO to raise $336 million. Anjoy Foods Group was founded in 2001 by Liu Mingming, and IPO on Shanghai Stock Exchange in 2017. Liu Mingming is a billionaire with $1 billion fortune. Anjoy Foods Group – Founded in Dec.2001,Anjoy Foods Group Co.,Ltd. is mainly engaged in the R&D, production and sales of frozen food products such as surimi based products, rice based products and ready-to-cook dishes,etc. More than 20 years of development witness the company has grown into a leading frozen food enterprise with more influence and popularity in China. Headquartered in Xiamen,Fujian province, the group has 18 wholly-owned and holding subsidiaries. At present, company has 12 production bases integrating production,marketing and R&D in China, with nearly 20,000 employees, and the capacity of production is nearly 1 million tons. The company has formed a marketing network centered in East China and radiating across the country. Anjoy has cooperated with supermarket chains, like RT-Mart, Wal-Mart, and catering customers, e.g: Haidilao, Zhang Liang Malatang and so on. In 2020, the group acquired ORIENTAL FOOD EXPRESS LIMITED and extended its business to Europe. On February 22,2017, Anjoy Foods Group Co.,Ltd.was listed on the Shanghai Stock Exchange, with the stock abbreviation of “Anjoy Foods” and code ” 603345″. ln 2023, the company realized an operating revenue of 14.045 billion yuan (about billion USD), a year-on-year increase of 15.29%, and net profit attributable to shareholders of the listed company amounted to 1.478 billion yuan, a year-on-year increase of 34.24%, which achieved a significant profit growth, consolidating its leading position in the frozen food industry. The company participated in the international standardizing of “Frozen Surimi-Specification”, ISO23855:2021,which is officially released by ISO. It is the first Chinese-led international standard for aquatic processing industry, a great significance to promote the development of global frozen surimi industry and international trade. Anjoy has always been adhering to the business principle of “Food for the People”, the mission of “Inherit Chinese cuisine; convey health and happiness “, the corporate values of “Responsibility, Integrity, Action, Win-Win”, and the corporate style of “Act immediately, do it with heart”. Anjoy focuses on products, channels and brands, devoting to provide consumers with better and high quality products, improving brand reputation and enterprise competitiveness, and serving the construction of a healthy China with sustainable and high-quality development of the enterprise.
“ China $3.1 Billion Frozen Food Company Anjoy Foods Group Plans Hong Kong Secondary Listing IPO to Raise $336 Million, Founded in 2001 by Liu Mingming & IPO on Shanghai Stock Exchange in 2017, Liu Mingming is Billionaire with $1 Billion Fortune “
China $3.1 Billion Frozen Food Company Anjoy Foods Group Plans Hong Kong Secondary Listing IPO to Raise $336 Million, Founded in 2001 by Liu Mingming & IPO on Shanghai Stock Exchange in 2017, Liu Mingming is Billionaire with $1 Billion Fortune
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