YUESHI HOLDING Files Second HKEX Listing Application; Shenwan Hongyuan (H.K.) Limited Acts as Sole Sponsor
NewTimeSpace News: Shenzhen Yueshi Holding Co., Ltd. submitted its second listing application to the Hong Kong Stock Exchange on 29 July, with Shenwan Hongyuan (H.K.) Limited serving as the sole sponsor. A technology-driven enterprise, the Company engages mainly in cold chain agricultural product sales and provides integrated intelligent cold chain solutions. According to Frost & Sullivan, measured by revenue from cold chain agricultural product sales in 2025, the Company ranks sixth in China’s intelligent cold chain agricultural product market with a market share of 1.0%. Its shareholders include COFCO Group, China National Supply and Marketing Group, Guangdong State Farms Group and other entities.
NewTimeSpace News: Shenzhen Yueshi Holding Co., Ltd. filed its second listing application with the Hong Kong Stock Exchange on 29 July 2026. Shenwan Hongyuan (H.K.) Limited acts as the sole sponsor.
The Company is a technology-driven enterprise primarily engaged in cold chain agricultural product sales and provision of integrated intelligent cold chain solutions. Its business consists of two segments: cold chain agricultural product sales (including beef, chicken, pork and shrimp, serving as the core growth engine), and integrated intelligent cold chain solutions that support digital daily operations for cold chain facility operators.
Founded in 2019, the Company independently developed and continuously upgraded its "Yueshi Smart Cold Chain Cloud Platform". Starting from digital information systems for cold storage facilities, the offering has gradually evolved into comprehensive intelligent cold chain solutions. As of the latest practicable date, its solutions have been deployed by over 750 domestic cold chain operators, covering around 30 provinces, autonomous regions and municipalities across China.
The Company entered the cold chain agricultural product sales business in 2023. During the track record period, it supplied products to more than 1,200 customers and cooperated with over 1,000 suppliers across roughly 40 countries and regions, among which more than 690 are overseas suppliers. Backed by strategic shareholders including COFCO Group, China National Supply and Marketing Group and Guangdong State Farms Group, the Company managed to establish and expand its supplier network at an early stage of development.
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