On February 10, Sanyuan Bio officially landed on the GEM of Shenzhen Stock Exchange, with an issue price of RMB 109.3 yuan (USD $17.16) per share and a total market value of RMB 17.33 billion yuan (USD $2.72 billion). Sanyuan Bio is a domestic manufacturer that started industrial production of erythritol very early.
According to Research data, in 2019, Sanyuan Bio’s erythritol production accounted for 54.90% of the total domestic erythritol production and 32.94% of the total global production, making it the largest player in the global erythritol industry. Sanyuan Biological also addressed that, at present, the domestic erythritol market demand continues to be strong, with product supply exceeding demand, and product prices are growing faster. (Source: sohu.com)