China National Salt Industry Corporation's IPO on the Shanghai Stock Exchange main board has been requested for further information. It is the only state-owned enterprise in China that operates a comprehensive salt business platform.
China Salt Industry Co., Ltd. has changed its listing status on the Shanghai Stock Exchange to "inquiry received". Citic Securities is the sponsor institution, and the company plans to raise 1.602 billion yuan.
On January 27, China Salt Industry Co., Ltd. (referred to as China Salt) applied for a change in the status of the listing review on the main board of the Shanghai Stock Exchange to "inquiry received." China Securities Co., Ltd. is the sponsor institution, with plans to raise 1.602 billion yuan.
According to the prospectus, China Salt is the only state-owned enterprise in China that operates a comprehensive salt industry platform. Its main business includes research, production, and sales of various types of salt products, such as edible salt, industrial salt, and other salt-related products. The company has rich and high-quality domestic salt mine resources, with its sales of edible salt, industrial salt, and salt products ranking first in the country for several consecutive years. It is a leading enterprise in China's salt industry, a key player in ensuring the national supply of edible salt, and enjoys high visibility globally.
The company owns rich and high-quality brine and lake salt resources in China, with a reasonable layout of salt mines. Currently, the company holds 22 mining rights and 1 exploration right, covering major regions such as East, Central, North, Southwest, and Northwest China. It is the only salt industry enterprise in China with nationwide layouts for mining and production of brine-made salt. The company's subsidiaries, such as China Salt Anhui, China Salt Southwest, China Salt Yulin, and China Salt Xinjiang, are major salt product manufacturers in their respective regions, with significant competitive advantages. The company and its subsidiaries have more than 20 designated food salt production qualifications. Additionally, the company has established a nationwide marketing network and deep cooperative relationships with many provincial and municipal salt companies in provinces such as Anhui, Guangdong, Zhejiang, Inner Mongolia, and Shanxi. The China Salt brand has a good reputation and recognition both domestically and internationally. The company and its subsidiaries have more than 50 wholesale qualifications for designated food salt.
In terms of financials, in the years 2022, 2023, 2024, and the first six months of 2025, China Salt achieved revenue of approximately 7.886 billion yuan, 7.691 billion yuan, 7.044 billion yuan, and 3.125 billion yuan respectively. During the same period, net profits were approximately 815 million yuan, 731 million yuan, 692 million yuan, and 161 million yuan respectively.
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