Zhong Guo Jing Ji Wang·2024-11-29 07:13Core Viewpoint - Shengye Electric Co., Ltd. has successfully listed on the Beijing Stock Exchange, with significant initial trading performance, indicating strong market interest and potential for growth in the capacitor industry [1][2]. Company Overview - Shengye Electric specializes in film capacitors, providing products such as motor capacitors, power electronic capacitors, and power capacitors to globally recognized equipment manufacturers [1]. - The company is controlled by Shunde District Shengye Investment Co., Ltd., with actual controllers being Wei Guofeng and He Richeng [1][2]. Financial Performance - The company reported revenues of 446 million yuan, 510 million yuan, and 573 million yuan for the years 2021 to 2023, respectively [7]. - Net profits for the same years were 22 million yuan, 29 million yuan, and 45 million yuan, with a notable increase in net profit in 2023 [8]. - For the first nine months of 2024, Shengye Electric achieved revenues of 452 million yuan, a year-on-year increase of 6.45%, and a net profit of 37 million yuan, up 3.93% [8]. Market Position and Future Outlook - The company is expected to raise approximately 167 million yuan through its public offering, which will be allocated to expanding production lines for new energy film capacitors, establishing a research and development center, and supplementing working capital [7]. - The company anticipates a 20% revenue growth from the new energy sector in 2025, supported by new customer development [4][8]. Regulatory and Compliance - The listing committee of the Beijing Stock Exchange confirmed that Shengye Electric meets the necessary issuance and listing conditions, as well as information disclosure requirements [2]. - The company has been asked to provide detailed analyses regarding revenue forecasts and the impact of policy changes in the distributed photovoltaic sector on its product offerings [3][4].