On November 2, Guoquan Food (Shanghai) Co., Ltd. (Guoquan, 02517.HK) announced that the company's shares began trading on the main board of the Hong Kong Stock Exchange Limited, with stock code 2517.
The pot industry traded actively on the first trading day. The highest stock price for the whole day was HK$6.22 per share, with a turnover of HK$267.411 million and a total market value of HK$16.378 billion.
The market response was positive on the first day of listing. “In the future, we will expand and deepen our omni-channel sales network to further directly reach consumers; continue to extend to more consumption scenarios such as camping and one-person dining to further meet consumer needs; strengthen our R&D capabilities and upstream supply chain to expand business coverage and consolidate the core competitive advantage of products; improve the digital level, continue to improve overall operating efficiency and revenue while ensuring food safety; continue to enhance our brand image and marketing efforts to expand consumer reach and enhance stickiness.”
Looking forward to the future, Guoquan will use this listing as an opportunity to rely on global capital to promote the further development of the company's business. While achieving excellent performance, it will also give back to shareholders, society, and the public!
Ketwan is China's leading and rapidly growing brand of food products for eating at home. The company provides ready-to-eat, ready-to-heat, ready-to-cook, and ready-to-serve ingredients, and focuses on at-home fondue and grill products. With a carefully planned product portfolio and an extensive network of community stores, the company provides consumers with products that enable them to enjoy convenient, affordable and delicious meals at home. With strong supply chain and production capacity, through a nationwide network of 9,844 retail stores in China as of April 30, 2023, the company uses the Guoquan Food Exchange brand to provide a variety of food products for eating at home to serve different dining scenarios.