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新股报告:惠生国际控股有限公司(1340.HK)

IPO report: Wilson International Holdings Limited (1340.HK)

羣益證券(香港) ·  Feb 19, 2014 00:00  · Researches

Wisheng International is mainly involved in the production and sale of meat products. The collection of oysters mainly includes raw oysters slaughtering, raw oysters breeding and trapping. In terms of 2012 earnings, Market is one of the largest meat suppliers in Changde City, Hunan Province, China, with an annual total meat output of about 52754 tons, equivalent to about 12.7 percent of Changde meat output. In January 2008, the market launched a slaughtering service for raw oysters and set up its own healthy breeding grounds. In mid-2008, the collection of meat products such as roast meat and by-products expanded to cold meat and cold meat. By the end of 2008, Jisheng also added seasonally processed pork, including braised meat and spiced pork. As of the last practicable date, the facility will have a health farm with an area of about 41533.5 square meters and a maximum production capacity of about 50, 000 tons per year. The total floor area of the Wuling slaughtering area in Jiqi is about 33251 square meters, the maximum slaughtering capacity is about 72 tons per year, and the maximum processing capacity for dividing the meat is about 12600 tons per year. In 2012, the utilization rate of slaughtering facilities in Wuling slaughterhouse was about 98.0%, while the utilization rate of segmented equipment in Wuling slaughterhouse was about 110.2%. In terms of customers, there are a total of 212 customers in the 2012 annual collection (except for co-operative shop dealers). Sales to the five largest customers accounted for about 16.3% of the total revenue in the same period.

We suggest that investors should make a small note on the stock market.

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