Springsnow Food Group in Yantai, Shandong province was listed on the Shanghai Stock Exchange on Oct 13.

Its stock code is 605567, with shares being worth 11.8 yuan ($1.83) each. The company plans to issue 50 million shares. Based on the closing price, Springsnow Food Group has a market value of 3.4 billion yuan.

To date, Yantai is home to 44 A-share listed enterprises, ranking first in Shandong province in terms of total number. Springsnow Food Group ranked 56th among the top 100 enterprises in Yantai in 2021.

Springsnow is a chicken food processing company. Its products have been sold to large supermarkets, retail stores, as well as major online sales platforms like Carrefour Supermarket, RT-Mart, Family Mart, Tmall, and JD. The company is also a supplier for domestic and foreign restaurant chains like Dicos and Itochu.

Official data showed that Springsnow achieved 989 million yuan in operating value from January to June, up 15.38 percent from the same period last year.