Hengxin Life Is Listed On The Shenzhen Stock Exchange

3.21 Printing envelope hot spot | With a market value of over 7 billion, Hengxin Life is listed on the Shenzhen Stock Exchange; Three Squirrels fully entered the beverage track and launched 60 single products......

Macro policy

1. The Measures for the Implementation of the Regulations on the Review of Fair Competition came into force on April 20

The State Administration for Market Regulation held a press conference on the 18th to introduce the recently issued "Implementation Measures for the Regulations on Fair Competition Review", aiming to solve the problems that business entities have strong reactions to and respond to social concerns.

The "Implementation Measures" clearly stipulate that local investment or the establishment of branches shall not be used as a necessary condition for carrying out production and operation, and disguised coercive acts shall not be carried out; It is prohibited to give selective or differentiated financial rewards or subsidies to specific business operators in violation of laws and regulations. In some localities, when promulgating policies such as economic promotion and attracting investment, they have made changes and "played the game on the sidelines," while others have "one size fits all" and have banned financial incentives and subsidies.

In the field of government procurement, bidding and bidding, the "Implementation Measures" stipulate that priority shall not be required to purchase goods provided by local operators, and the areas and registered addresses where operators have obtained performance, awards and honors, and paying taxes and social security shall not be used as conditions for bidding and bonus points, and shall not be used to evaluate the credit rating of enterprises, nor shall they set unreasonable publicity time and response time.

Industry information

1. With a market value of over 7 billion, Hengxin Life is listed on the Shenzhen Stock Exchange

On March 19, Hefei Hengxin Life Technology Co., Ltd. (hereinafter referred to as "Hengxin Life") was listed on the Shenzhen Stock Exchange. The issue price was 39.92 yuan / share, up 119.4% to 87.6 yuan / share at the opening; As of noon close, each share rose 82.09% to 72.69 yuan, with a total market value of 7.414 billion.

According to the data, the total amount of funds raised by Hengxin Life through the issuance of new shares is 1017.96 million yuan, and the actual net amount of funds raised after deducting the issuance costs is 898.9147 million yuan, which is used for an annual output of 30,000 tons of PLA compostable green environmental protection biological products project, intelligent upgrading project, R&D technology center project, and supplementary working capital.

2. Sales in 2024 will reach 4,079.6 million euros, and the results of Europe's largest folding carton manufacturer announced

On March 18, MM Group, Europe's largest manufacturer of folding cartons and cardboard, released its 2024 annual performance report. According to the report, the group's consolidated sales in 2024 will be 4,079.6 million euros (about 32.272 billion yuan), a decrease of 2% compared with the same period last year. Although the MM Board & Paper division achieved a significant increase in volumes, this increase was offset by a decrease in the average price of products in the MM Food & Advanced Packaging division and the MM Board & Paper division.

Adjusted operating profit decreased to EUR 190 million from EUR 229.2 million in 2023, mainly due to the performance of MM Food and Premium Packaging. As a result, the Group achieved an adjusted operating margin of 4.7 percent and a return on capital employed of 5.6 percent. Adjusted EBITDA totalled EUR 418.5 million with an adjusted EBITDA margin of 10.3 percent.

End markets

1. The three squirrels are fully entering the beverage track

On March 18, 2025, at the 10th China FMCG Innovation Conference, Three Squirrels announced that it would fully enter the beverage track and launch 60 hard discount items. At the meeting, the three squirrels debuted three beverage products, namely 100% orange compound juice (9.9 yuan/L), calcium, iron and zinc AD calcium milk (6.9 yuan/4 bottles), and Maojian tea beer (9.9 yuan/liter).

2. Another 3 billion-level medical aesthetic enterprise was born!

On the evening of March 19, "Medical Beauty Mao" Aimeike released its 2024 results: achieving revenue of 3.026 billion yuan, a year-on-year increase of 5.43%, and reaching 3 billion steps; the net profit attributable to the parent company was 1.958 billion yuan, a year-on-year increase of 5.33%, and its gross profit margin was 94.64%; The net profit margin was 64.44%, which was higher than the level of Kweichow Moutai in recent years. At the same time, Aimeike has also become the first medical aesthetic enterprise in China to earn nearly 2 billion yuan annually.

According to the data, Aimeike was founded in 2004 and landed on the Shenzhen Stock Exchange in September 2020, and is jointly known as the "Three Musketeers of Medical Beauty" in A-shares together with Haohai Biotech and Bloomage Biotechnology. According to the statistics of Frost & Sullivan's research report, in the market of dermal fillers based on sodium hyaluronate, Aimeike has maintained the first place among domestic companies in terms of market share for many years since 2018.