Bright Dairy's IPO on the Shanghai Stock Exchange has been "inquired about", and the company's sales of buffalo milk products rank among the top three in the country.

On July 10, Guangxi Beifei Dairy Co., Ltd. (referred to as Beifei Dairy) applied for the status change of the Shenzhen Stock Exchange Main Board listing review to "inquiry received." Guorong Securities is its sponsoring institution and plans to raise 497 million yuan. According to the certificate issued by the China Dairy Association, the company's buffalo milk products sales rank among the top three in the country. The prospectus shows that Beifei Dairy is mainly engaged in the research and development, production, and sales of dairy products and dairy-containing beverages, including sterilized milk, formulated milk, fermented milk, pasteurized milk, and dairy-containing beverages made mainly from fresh buffalo milk and cow's milk. The company is based in Lingshan County, Qinzhou City, "the hometown of Chinese buffalo milk," Guangxi, fully leveraging its regional advantages, strengthening the construction of high-quality milk sources base, improving the layout of the industry chain, market-oriented, actively developing new products, new technologies, and new processes, forming a product matrix featuring buffalo milk products. After years of deep cultivation, the company's buffalo milk series products core branded "Beifei Lao" has established a good reputation in the market, won the favor of a large number of consumers, and the company has become a leading brand enterprise in the specialized field of buffalo milk products, ranking at the forefront of the buffalo milk product industry with strong competitive advantage. After deducting the issuance expenses, the proceeds from this fundraising will be invested in the following projects: During the reporting period, the company's operating income for 2022, 2023, and 2024 were 781 million yuan, 1.075 billion yuan, and 1.423 billion yuan respectively, with a compound annual growth rate of 34.98%; the net profit attributable to the owners of the parent company were 115 million yuan, 226 million yuan, and 300 million yuan respectively, with a compound annual growth rate of 61.14%.