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.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
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The Truth about the Life of Coffee
Professional barista communication Please follow the coffee workshop (Wechat official account cafe_style) many people make coffee because they like coffee, because they like coffee and think everyone should like coffee, because they like coffee and think coffee should be a part of life, uh-huh! Coffee, coffee, life, coffee. I like it, but what is life? Life is just like it, okay? It's not!
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Drinking coffee 30 minutes before exercise makes you burn fat and get twice the result with half the effort.
The exchange of professional baristas Please follow the Coffee Workshop (official Wechat account cafe_style) Coffee lovers spread all over the world, strong and delicious coffee is a must drink for many people every day, not because it can prevent disease, but because it is delicious and refreshing. More and more studies have confirmed that coffee helps prevent brain symptoms and various diseases.
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