Qingzhen dairy company listed

The nationally recognized agricultural industrialization leading enterprise, Guizhou Nanfang Dairy Co, located in Qingzhen city of Guiyang, Southwest China's Guizhou province, has been listed on the National Equities Exchange and Quotations (NEEQ) board, also known as the "new third board", accelerating its entry into the capital market as a high-quality agricultural industrialization enterprise in the city.

Guizhou Nanfang Dairy Co is a holding subsidiary of Guiyang  Agriculture Investment Group in Guiyang.

At present, Nanfang Dairy owns eight large-scale ranches and multiple brands, including Shanhua Milk. Its revenues for 2021, 2022, and the first half of 2023 were 1.33 billion yuan ($185.27 million), 1.58 billion yuan, and 863 million yuan, respectively.

In recent years, the Qingzhen bureau of agriculture and rural affairs has continuously strengthened support for leading agricultural enterprises through the construction of demonstration subsidies, fund financing guidance, and market sales expansion. As of now, it has successfully nurtured 35 such enterprises at the municipal level or above, ranking among the top in Guiyang.

In 2024, the bureau will continue to promote the capital market reform, fully leverage the financing services of the capital market, and continue to support new types of agriculture entities.

The new third board is expected to enhance the visibility and credibility of listed companies, increase equity attractiveness, and reduce financing difficulties. At the same time, it also helps companies become familiar with the capital market, and enhances standardized operational levels.