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09985 WEILONG

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10.700
+0.560+5.52%
Closed  02/08 16:08 CCT
High
10.880
Open
10.020
Turnover
2.97M
Low
9.760
Pre Close
10.140
Volume
288.60K
Market Cap
25.16B
P/E(TTM)
102.88
52wk High
12.300
Shares
2.35B
P/E(Static)
24.88
52wk Low
8.380
Float Cap
25.16B
Bid/Ask %
-8.18%
Historical High
12.300
Shs Float
2.35B
Volume Ratio
0.69
Historical Low
8.380
Dividend TTM
--
Div Yield TTM
--
P/B
5.20
Dividend LFY
--
Div Yield LFY
--
Turnover Ratio
0.01%
Amplitude
11.05%
Avg Price
10.278
Lot Size
200
Float Cap
25.16B
Bid/Ask %
-8.18%
Historical High
12.300
Shs Float
2.35B
Volume Ratio
0.69
Historical Low
8.380
Dividend TTM
--
P/B
5.20
Dividend LFY
--
Turnover Ratio
0.01%
Amplitude
11.05%
Avg Price
10.278
Lot Size
200
Price Forecast

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Company Overview More
Let everyone in the world fall in love with Chinese flavors Twenty years ago, Liu Weiping came alone to Luohe, Henan, where he was unaccustomed, with a dream and vigor. He started from scratch and created Weilong's delicious food, which is now famous at home and abroad. Weilong Delicious made small products into big articles, starting with a spicy bar and gradually growing into a modern spicy snack food enterprise integrating R&D, production, processing and sales. The head office is located in Luohe City, Henan Province, and currently has many industrial parks and branches all over the country. An enterprise where you say go and go Like his predecessors in his hometown, Liu Weiping traveled all the way north, from Yueyang to Changsha, and from Changsha to Zhengzhou with passion. Going all the way, he set foot on land in Luohe, Henan for the first time. After getting off the train, Liu Weiping found a humble little hotel to rest. As soon as it dawned, he began to examine the market. With the courage of a newborn calf and the cheerfulness of a native of Hunan, Liu Weiping decided on the product after two days. Afterwards, he asked his younger brother to bring people from his hometown to Luohe to start a business. “Thankfully, the spicy flavor is still very popular in Luohe.” Liu Weiping said that in the beginning it was handmade production. They bought some pots, then mixed artificial meat and bean skin with spicy flavors from Hunan, and sent them to the market for sale. The response was pretty good. However, due to lack of experience in the early stages of starting a business and poor cost control, the workers were able to receive a monthly salary of several hundred yuan, while the boss himself earned only a few tens of yuan in total. Excluding the rent, he actually lost money. At this point, his dream of starting a business was questioned by relatives and friends, and his parents discouraged him many times and asked him to go back to work with peace of mind. However, Liu Weiping did not give up lightly. He is convinced that snack food consumption prospects are very broad. The difficulties are only temporary. As the scale expands, the market expands, and channels expand, there will definitely be more room for development. “Weilong Spicy Strips” made from a bowl of beef tendon noodles One day in 2001, Liu Weiping was eating with his fellow countrymen and discovered a type of food called “liangpi.” At that time, the price of soybeans was rising sharply, and soybeans were the raw material for producing tofu skin and dried sauce, which led to a continuous increase in the cost of tofu skin and dried sauce, and market sales were shrinking. Liu Weiping discovered that liangpi had a good taste and was relatively inexpensive, so he got the idea to learn how to make liangpi. Although he later discovered that this method didn't work, the idea of upgrading the product stayed in his mind ever since. “Later, on the embankment of a river in Luohe, I met an old lady selling beef tendon noodles. It was interesting to look at, so I bought a bowl. It tasted great when I ate it, so I asked her where it was made. I think they were afraid I'd rob her business, and they didn't want to tell me at first.” Liu Weiping said with a smile. After some questioning, Liu Weiping finally found the place where beef tendon noodles were produced. It was a small workshop with only a simple extruder, and it was only possible to sell products made from 1 pack of flour in a week. So when Liu Weiping said that he needed 6 packs of flour products at once, the shopkeeper was very surprised how anyone could ask for so many. “After the deal was settled, I paid a deposit to let the owner improve the abrasives. A week later, the product came out, and we added some chili noodles, and it became a brown-colored product, a bit like eel, so we named it “eel strip.” The response from the market has been very good.” Liu Weiping said that later, because the name was difficult to write, it was changed to “fish sticks.” “Fish sticks” are also called “spicy strips” by more and more people because of their unique spicy flavor. In 2003, the “Weilong” trademark was successfully applied for. Let everyone in the world fall in love with Chinese flavors From the initial consumption of 6 packs of flour per day to the current daily consumption of tens of thousands of packs, producing tens of millions of packs of various products, big and small, every day, it has become a well-known enterprise in the spicy snack food industry. From a small factory with poor equipment to now having Weilong Delicious Phase I Park Pingping Factory, Luohe Weilai Factory, and Zhumadian Weilai Factory in Weilong Delicious Phase II Park, Weilong Mei Phase II Park, Weilong Delicious's Yunnan Plant are also being built at an accelerated pace. But the goal of Weilong Delicacies is more than that. Today, Weilong Delicious is making great strides in cultivating internal skills, increasing investment in online processes, online business, intelligent manufacturing, etc., and continuously improving organizational efficiency through “digital intelligence.” Let everyone in the world fall in love with Chinese flavors! This is the corporate mission of Weilong Delicious, and it is also the direction that all Weilong people are striving for! Relying on the strong driving force of its corporate mission, Weilong Delicious will make unremitting efforts to achieve the beautiful vision of “traditional food entertainment, relaxation, convenience, friendliness, digital intelligence, and an ecological platform for 123 years of fun”, using traditional delicacies as the carrier to spread China's vast and profound food culture to the world and share a healthy lifestyle with the world. Keep improving and working hard to make everyone in the world fall in love with Chinese flavors!
CEO: Weiping Liu
Market: Hong Kong motherboard
Listing Date: 12/15/2022
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