New Stock News | Fujian Wanchen Food Group (300972.SZ) submits listing application to Hong Kong Stock Exchange again

According to the disclosure of the Hong Kong Stock Exchange on March 30, Fujian Wanchen Food Group Co., Ltd. (referred to as Fujian Wanchen Food Group, 300972.SZ) has once again submitted its listing application to the main board of the Hong Kong Stock Exchange, with CICC and CMSC International as its joint sponsors. According to data from Zhushizixun, based on the GMV of snacks and beverages in 2025, the company is the second largest snacks and beverages retailer in China. The company's national brand, Haoxianglai, ranks first in the Chinese discount snack and beverage retail brand list, and is also the first discount snack and beverage retail brand in China to surpass 10,000 national stores by 2024, while the second largest brand in the industry achieved this milestone in 2025. According to the prospectus, the company is a large-scale and rapidly growing snacks and beverages retailer, with GMV expected to grow at a compound annual growth rate of 156.4% from 2023 to 2025.