Yizhi Konjac goes public on Beijing Stock Exchange
2023-02-21 19:02:27
By Tan Maolin, Yichang International Communication Studio
Hubei Yizhi Konjac Biotechnology was listed on the Beijing Stock Exchange on February 21, becoming the 15th company from Yichang in central China's Hubei province to have made the boards of stock exchanges in China. A total of 13.5 million shares were issued at 11.38 yuan (US$1.66) per share. Yizhi Konjac (stock code: 839273) opened the day at 16.6 yuan, 46 percent higher than its IPO price.
Yizhi Konjac was founded in 2007 in Yichang’s Changyang County. Its main products are konjac powder, konjac food and konjac beauty products.
The funds raised in the IPO will be used to rebuild and expand the company's smart manufacturing line, and develop konjac food deep processing technology.
According to the prospectus, in the first three quarters of 2022, Yizhi Konjac notched up revenue of 339 million yuan. Net profit was 56 million yuan, up 32 percent year-on-year.
Fifteen Yichang companies are now listed on Shanghai, Shenzhen, Beijing and Hong Kong stock markets. The total market capitalization of the city’s 12 A-share listed companies is close to 130 billion yuan.
Hubei Yizhi Konjac Biotechnology was listed on the Beijing Stock Exchange on February 21, becoming the 15th company from Yichang in central China's Hubei province to have made the boards of stock exchanges in China. A total of 13.5 million shares were issued at 11.38 yuan (US$1.66) per share. Yizhi Konjac (stock code: 839273) opened the day at 16.6 yuan, 46 percent higher than its IPO price.
Yizhi Konjac was founded in 2007 in Yichang’s Changyang County. Its main products are konjac powder, konjac food and konjac beauty products.
The funds raised in the IPO will be used to rebuild and expand the company's smart manufacturing line, and develop konjac food deep processing technology.
According to the prospectus, in the first three quarters of 2022, Yizhi Konjac notched up revenue of 339 million yuan. Net profit was 56 million yuan, up 32 percent year-on-year.
Fifteen Yichang companies are now listed on Shanghai, Shenzhen, Beijing and Hong Kong stock markets. The total market capitalization of the city’s 12 A-share listed companies is close to 130 billion yuan.
