Bangkok, CHAO opened its first trading day at 14.70 baht, up 2.90 baht or +24.58% from the IPO price of 11.80 baht, moving forward with the construction of the second Wholesome Factory. Mr. Phakorn Peetathawatchai, Director and Managing Director of the Stock Exchange of Thailand (SET), and Ms. Naphat Morin, Chief Executive Officer of Chao Sua Foods Industry Public Company Limited, along with executives, joined the opening ceremony of the first day of trading (9 July) on the Stock Exchange of Thailand of Chao Sua Foods Industry Public Company Limited in the Agriculture and Food Industry Group, Food and Beverage Category, using the abbreviation 'CHAO' for trading. The first day of trading opened at 14.70 baht, an increase of 2.90 baht or +24.58% from the IPO price of 11.80 baht. CHAO is engaged in the business of manufacturing and distributing snacks and processed meat products. The products are distributed under the brands 'Chao Sua' and 'Wholesome' through various channels covering various customer groups, including 1) modern trade and wholesale retailers (Modern Trade), 2) traditional trade retailers (Traditional Trade), 3) export channels to foreign countries, and 4) other channels. The IPO price is 11.80 baht per share, with a fundraising value of 553.94 million baht. The plan is to invest in expanding production capacity and improving production efficiency to support future business growth. Ms. Naphat Morin, Chief Executive Officer of Chao Sua Foods Industry Plc., believes that listing on the Stock Exchange of Thailand will help promote growth from capital readiness and production capacity expansion. It is preparing to build a second Wholesome factory and upgrade the automation system to support the potential to expand to the world market. It is committed to creating continuous growth, maintaining its position as the market leader in rice crackers and pork snacks, and expanding production of new products to respond to current and future consumption trends. The company also places importance on society, th e environment, and all stakeholders in order to create good returns for investors in the long term. Ms. Inthuon Morin, Director of Accounting and Finance, Chao Sua Foods Industry Public Company Limited, said that in 2021, 2022 and 2023, the company had sales revenue of 1,135.1 million baht, 1,413.6 million baht and 1,493.4 million baht, respectively, representing an average growth rate of 14.7% per year. In terms of net profit in 2021, 2022 and 2023, it was 64.4 million baht, 86.6 million baht and 161.6 million baht, respectively, representing an average growth rate of 58.4%. The net profit margin continuously increased to 5.6%, 6.1% and 10.7%, respectively. The company's net profit grew rapidly, resulting from an increase in sales revenue and efficient cost management. and economies of scale (Economies of Scale) while in the first quarter of 2024, there was sales revenue of 336.2 million baht, growing 4.1% compared to the first quarter of 2023 from the growth of the snack product group (Snack), while net pr ofit in the first quarter of 2024 was equal to 26.7 million baht, increasing 43.4% compared to the first quarter of 2023. Source: Thai News Agency