- Business
- Jiangsu Horizon Chain Supermarket Company Limited (2625.HK) operates a chain of supermarkets and convenience stores under the Hongxinlong brand, primarily in the central region of Jiangsu Province, People's Republic of China; it also engages in grains and oil wholesale, retail store and shopping mall operations, supply and sale of meals, and leasing of shop floor areas or premises to restaurants, hotels, and pharmacies. The company offers a broad range of products including grains, oil, food and other grocery items; garments and wooden products; household and non-staple foods; fashion and apparel, children's wear, cosmetics and personal care, jewellery, footwear, household appliances, consumer electronics, liquor, tobacco, stationery, beauty products, and miscellaneous accessories. Founded in 1994 and headquartered in Shao Bo Town Industrial Park Logistics Park, Yangzhou, Jiangsu Province, it serves resellers, retail operators, corporates, schools, and government entities through approximately 51 supermarkets, 109 convenience stores, and two malls, namely Jiangdu Mall and Hongxinlong Mall, with all sales generated in China. In March 2025, the company completed its initial public offering on the Hong Kong Stock Exchange, raising approximately HKD 133.9 million through the issuance of H shares at HKD 2.50 each; it announced a change in its principal place of business address in April 2025 and released its 2025 interim report detailing ongoing partnerships with entities such as Jiangsu New Supply and Marketing Fund via Jiequan Fund. Looking ahead, Jiangsu Horizon plans to expand its retail store network, establish new distribution centers and central kitchens to boost warehousing and meal processing capacity, and enhance its ERP and infrastructure systems for improved operational efficiency in the Yangtze River Delta region.