Leisure food research and development, processing and packaging and retail services professional brand chain operation company.
Bestore launched its IPO at 9 am on February 24, 2020, and raised a total of CNY 488 million. It became the first listed company in Hubei during the new coronavirus epidemic and the first listed company after the SSE launched an innovative model during the epidemic.
Bestore, Three Squirrels and Be & Cherry are touted as the ‘BAT’ (Baidu, Alibaba, Tencent) of China’s healthy snack industry. However, the online sales spree is making for polarizing strategies among industry players.
Established in 2006, Bestore has planned to go public in Hong Kong as early as 2014. After listing in Hong Kong with no results, he moved to A shares and submitted the IPO application materials to the CSRC in June 2018. Today, it will finally be on the A-share stage.
It is estimated that the company's operating income for 2019-2021 will be CNY 7.702 billion, 9.04 billion, and 11.058 billion, respectively, a year-on-year increase of 21 %%, 17%, and 22%, and a net profit of CNY 335, 393, and 537 million, an increase of 40%, 18%, 37%, EPS is CNY 0.93, 0.98, 1.34, corresponding to the current stock price PE is 58, 55, 40 times
It is estimated that the EPS in 19-21 will be CNY 0.84 / 1.01 / 1.23 and the reasonable valuation in the next year is CNY 64.16-69.31 .