As the leader in the soybean milk machine industry, Joyoung has received funding support since yesterday. From the company itself, the company has plans to expand investment recently. Specifically, the "Proposal on the Company's Additional Investment in its Wholly-Owned Subsidiary Hangzhou Joyoung Ounando Small Home Appliances Co., Ltd." was recently reviewed and approved. The company's initial public offering of shares raised net funds of 1,458.74 million yuan, which were used for the construction of five projects including an annual output of 8 million soymilk machines and 50,000 tons of soybean feed projects, and a Hangzhou kitchen small household appliances production and construction project. The total project investment was 1,231.74 million yuan. Yuan. A group of money-spinning experts said that this fundraising project has great potential to bring profits to the company.
Investment highlights:
1. The company is a demonstration enterprise recognized by the National Soybean Action Plan Leading Group, a key enterprise supported by the National Spark Plan, and a star enterprise in Shandong Province with Chinese patents. As the pioneer in the soymilk machine market, the company's soymilk machines currently account for 87% of the market, occupying an absolutely dominant position.
2. Research and development is the core competitiveness of Joyoung. The company currently owns more than 100 national patents and has established an efficient R&D system in corporate development, striving to build its R&D center into a world-leading health center. R&D base for small kitchen appliances. Joyoung's marketing system that is ahead of its peers is also a major competitive advantage. Currently, the company has 450 first-level dealers, its marketing network covers more than 270 prefecture-level cities and 2,000 county-level cities across the country, and has more than 8,000 retail terminals.