Cheng Han Biotechnology (6534) is all set to make its debut in the stock market through an auction and subscription approach, with a pre-listing performance press conference scheduled on the Innovation Board today, November 29. The company's capital stock is set for an uplift by 5717 shares, taking it to a significant 1.028 billion TWD post-listing, an event expected to take place in late December. This move would mark Cheng Han's position as the first agricultural biotechnology firm to be listed on the Innovation Board.
Cheng Han's Strategic Position in ESG Agriculture Amid Global Challenges
With global challenges such as the Russia-Ukraine war and extreme weather events affecting food supply, Cheng Han's partnership with Nutrien, the world's largest agricultural product distributor, puts it in a prime position. The company stands to gain greatly from the global shift towards ESG-friendly agriculture. Focusing on the development of plant growth regulators and fertilizers suitable for next-generation green agriculture, Cheng Han's core technology is at the heart of this movement.
Impressive Yearly Profits and Performance
The company's performance is marked by substantial yearly profits. In 2022, Cheng Han's revenue reached a staggering 1.434 billion TWD, marking a 40% increase from the previous year. The net profit after tax was a commendable 465 million TWD. This financial performance underscores the company's strong market position and potential for growth.
Aligning with International ESG and Green Agricultural Regulations
Under the leadership of Chairman Wu Cheng-Bang, the company emphasizes that their exclusive agricultural technology and production process cater to the global need for carbon neutrality and reduced carbon emissions. This approach is in full alignment with international ESG green agricultural regulations. As global trends continue to support organic fertilizer demand, expected to grow to 26.88 billion USD by 2031, Cheng Han is well-positioned to capitalize on these emerging market opportunities with its ESG-friendly products.