New Stock News | Sichuan Teway Food Group (603317.SH) submits documents to HKEX, becoming the fourth largest compound seasoning company in China.

According to the disclosure by the Hong Kong Stock Exchange on October 30th, Sichuan Teway Food Group Co., Ltd. (referred to as Sichuan Teway Food Group, 603317.SH) has submitted an application to list on the main board of the Hong Kong Stock Exchange, with CICC as the sole sponsor. The prospectus shows that Sichuan Teway Food Group is a leading and rapidly growing compound seasoning company in China. According to Frost & Sullivan, based on revenue in 2024, the company is the fourth largest compound seasoning company in China and has the fastest revenue growth among the top five compound seasoning companies in China (2022-2024). According to the same source, based on revenue in 2024, the company is the largest recipe-based seasoning and the second largest hot pot seasoning company in China, with market shares of 9.7% and 4.8% respectively. The company has always upheld strict food safety and quality control standards, continuously advancing systematic product research and development and continuous innovation, to create high-quality compound seasonings. The company is faithful to the traditional essence of Chinese cuisine and infuses it with new vitality through modern techniques, developing distinctive flavors and formulas, while also exploring innovative products that combine cuisines from around the world to meet the increasingly diverse demands of consumers. The company introduces its products through six brands, each targeting specific customer groups and focusing on specific product categories: covering diverse consumption scenarios and sales channels, including Haorenjia, Dahongpao, Tianche, Sichuan Teway Food Group professional seasoning customization, Shicuifang, and Jiandian Zhiwei. The company's diversified and differentiated brand portfolio can generate strong synergies and cross-selling opportunities, helping to cover a wide range of consumer scenes in the compound seasoning market and meet diverse consumer needs. The company offers a comprehensive product portfolio, including various compound seasoning products, specifically: Recipe-based seasonings. These products mainly include (i) fish seasonings; (ii) crayfish seasonings; (iii) sausage and cured meat seasonings; and (iv) other recipe-based seasonings. Hot pot seasonings. These products mainly include: (i) spicy hot pot bases; (ii) non-spicy hot pot bases; and (iii) dipping sauces and others. Sauces and others. These products mainly include various ready-to-eat sauces and other compound seasoning products. The company has established a nationwide sales network and has been actively reaching consumers through various channels. Sales channels include a wide distribution network and direct sales channels. After years of refined operations and channel development, the company's sales and distribution network has achieved full coverage online and offline, reaching over 1 million terminal points. According to Frost & Sullivan, among listed companies specializing in compound seasoning business, the company's terminal coverage rate ranks first. As of June 30, 2025, the company had 3,251 distributors covering all provinces and nearly all prefecture-level administrative regions in China. At the same time, the company is actively expanding international markets and increasing global brand awareness through global distributors, with products sold to more than 50 countries and regions. In terms of performance, for the six months ended June 30 in 2022, 2023, 2024, and 2025, the company achieved revenues of approximately 2.676 billion, 3.126 billion, 3.447 billion, and 1.373 billion RMB respectively; during the same period, profits were approximately 341 million, 466 million, 645 million, and 202 million RMB respectively.