A 150 billion giant Comparison of gross profit margins of companies in the same industry, source: prospectus
Fuling’s products are sold in many countries and regions including the Unit States, China, Canada,
Central and South America, etc. Its main direct or end customers include McDonald’s, Wendy’s, KFC,
Burger King, Cha Baidao, Bawang Cha Ji and montenegro email list 100000 contact leads many other wellknown domestic and foreign companies.
At present, the concentration of daily plastic manufacturing industry such as plastic tableware is low,
and the entry threshold of lowend products is low. Except for some enterprises with outstanding scale
and strength, most enterprises are small in scale, and family workshopstyle enterprises are still common. Enterprises mainly compete for market share on price, which has caus certain adverse effects on the development of the industry.
After the funds rais from this issuance by Fuling Co., Ltd. are in place
They will be mainly us for technical transformation projects with an annual output of 20,000 tons of recyclable plastic products, 20,000 tons of biodegradable plastic products, R&D center upgrade projects and to supplement working capital.
Fundraising purpose, source: prospectus
In recent years, many Ashare list companies have plann to spin off their subsidiaries for listing.
Among them, in 2024, Nanshan Aluminum, Noli Group, China Merchants Energy Shipping, Wolong
Electric Drive, Shuanghuan Transmission and other companies will announce the progress of listing of
their spinoff subsidiaries (a detail list of IPO spinoffs is attach at the end of the article) .
Spinoff listing can not only allow subsidiaries the same limit applies in ukraine to focus more on core businesses, expand new financing
channels, and mobilize the competitiveness and development potential of corresponding subsidiaries
through equity incentives. For some list companies in traditional industries, by spinning off new
businesses and listing them, the new businesses can also have independent valuations, which has many benefits.
However, not all spinoff listings will be successful
In 2024, 30 companies including SAIC Group, Han’s Laser, Sichuan Energy Investment, Jingsheng
Mechanical and Electrical, Dongfang Precision, and liechtenstein number Jiangxi Copper announc their spinoff listing plans.
But there are also successful cases, such as iFlytek Mical, a subsidiary of iFlytek, which successfully list on the Hong Kong Stock Exchange in December 2024 A 150 billion giant.