Rui Finance Li Lan Junlebao Dairy Group Co., Ltd. (hereinafter referred to as “Junlebao”) recently formalized the start of its A-share IPO process by signing a listing agreement.
On December 15, 2023, Junlebao underwent significant changes in its industrial and commercial profile. The company name was changed to Junlebao Dairy Group Co., Ltd. changed and the corporate form changed from “Other limited liability companies” to “Other limited liability companies” (not included in the list). The authorized capital also increased significantly from around 62.2159 million yuan to 720 million yuan.
Since its inception, Junlebao has attracted investments from well-known institutions such as Sequoia China, Primavera Capital, Ping An Venture Capital, Hillhouse, JIC Venture Capital and Bojia Capital.
The actual controller of Junlebao is Wei Lihua, who holds 52.78% of the vote. Shareholders owning more than 5% of shares include Wei Lihua with 37.54%, Ningbo Tanzhi Enterprise Management Consulting Partnership (Limited Liability Partnership) with 12.84%, Chunhua Shaojing Equity Investment Partnership (Tianjin) (Partnership with limited liability) with 8.67% and Zhuhai Hengqin Lehuirui Sheng Enterprise Management Center (Limited Liability Partnership) with 6.76% and Tianjin Ping An Consumer Technology Investment Partnership (Limited Liability Partnership) with 5.35%.
According to the official website, Junlebao is the largest dairy company in Hebei Province and is among the top four dairy companies in the country. The company is the country's leader in the production and sales volume of baby milk powder, holds the second largest market share in low-temperature yogurt, and secures the top spot in the high-quality fresh milk market with Yuexianhuo fresh milk.
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