IPO News | Three Squirrels Inc. (300783.SZ) plans to list in Hong Kong, with a 85.51% year-on-year increase in net profit in 2024.

On March 27th, Three Squirrels Inc. (300783.SZ) announced that the company plans to issue H-shares and apply for listing on the main board of the Hong Kong Stock Exchange, in order to further implement the "high-end cost-effective" overall strategy, enhance global brand awareness, build a global supply chain system, and expand overseas financing capabilities. The company will fully consider the interests of existing shareholders and the domestic and foreign capital market conditions, and will choose an appropriate timing and issuance window to complete the listing within the validity period of the shareholders' meeting resolution. Currently, the company is actively discussing with relevant intermediaries, and specific details have not yet been confirmed. It is reported that Three Squirrels Inc.'s main business is the research and development, testing, packaging, and sales of its own brand of snack foods. Its main products include roasted snacks, nuts, dried fruits, baked goods, and meat products. In 2024, the company's operating income reached 10.622 billion yuan, a year-on-year increase of 49.30%; net profit was 408 million yuan, a year-on-year increase of 85.51%. Basic earnings per share were 1.02 yuan.