Jierong sold 300 million cups of coffee last year.

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Jierong International, a well-known black tea and coffee supplier, submitted preliminary listing documents to the Stock Exchange yesterday. BOC International and Shanghai Bank International are co-sponsors and plan to list on the main board.

60% of the restaurants in Hong Kong are customers

According to the preliminary IPO documents, Jie Rong currently has access to about 60% of the food restaurants in Hong Kong, including McDonald's, Yoshino, Gentle (341), Grand Happy (052), Cuihua (1314), and so on. With a history of 85 years, Jie Rong provides black tea and coffee planning services to commercial customers. it also started the food business in China and Hong Kong in 2013, and launched the frozen top food business in Hong Kong in 2015 and China last year respectively.

In the six months to the end of June, Jierong's income in 2017 was 456 million yuan, up 12.5% year-on-year, 77% from catering planning services and 23% from food business in the first half of this year. The profit in the first half of this year was 32.788 million yuan, down 18% year-on-year, the gross profit was 141 million yuan, up 6.8% year-on-year, and the gross profit margin in the first half of this year fell 1.6% year-on-year to 30.8%.

Statistics show that in terms of a cup of coffee of 9 to 12 grams, Jierong sold 244 million to 325 million cups of coffee a year last year, with an average daily sales of 668000 to 890000 cups of coffee.

In addition, Debao, which is engaged in the design, development, manufacture and sale of beauty products, also submitted preliminary listing documents yesterday, planning to list on the gem and sponsor to raise funds for Lego enterprises.