DATA: 2019-06-12 HITS: CLASS: Industry News
Recently, Zhancui Food, a cartoon snack agency such as Peppa Pig, cat and mouse, disclosed its IPO prospectus. From 2016 to 2018, the company achieved operating revenues of 408 million yuan, 431 million yuan, and 540 million yuan respectively, with net profits of 48.1519 million yuan, 52.1191 million yuan, and 90.0378 million yuan, respectively. Zhancui Food actually adopts the ODM business model, and the co processing brands include Hello Kitty, Peppa Pig, Little Yellow Man, Ice and Snow Qiyuan, Mickey, Justice Alliance, cat and mouse. However, the company does not directly manufacture these well-known cartoon IP snacks, but rather produces related products for some authorized customers.
Generally speaking, Zhancui Food has a "separate relationship" with Peppa Pig and Xiaohuang people.
In addition, the top ten customers of Zhancui Food are mostly overseas. Securities firms, investment banks, and lawyers have stated that if a company's main clients are overseas, the China Securities Regulatory Commission generally verifies the authenticity of their performance, the matching of export tax rebates with sales scale, revenue, and other data.
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