云峰新材上交所主板IPO“终止” 旗下莫干山胶合板销量居行业第二

Core Viewpoint - Zhejiang Shenghua Yunfeng New Material Co., Ltd. (referred to as Yunfeng New Material) has had its IPO review status on the Shanghai Stock Exchange changed to "terminated" due to the withdrawal of its listing application by the company and its sponsor [1] Company Overview - Yunfeng New Material primarily engages in the design, research and development, production, and sales of indoor decorative materials and customized home products, including artificial boards, wooden floors, technology wood, wardrobes, cabinets, and wooden doors [1] - The company has established competitive advantages in the customized home market by leveraging its existing channel, brand, and product advantages in the decorative materials industry [1] - The "Mogan Mountain" brand plywood ranks second in industry sales, focusing on environmentally friendly, green, and healthy board materials, with a strong reputation and comprehensive competitiveness built over more than 20 years [1] Sales Model - The sales model includes a distributor model and a trademark licensing model, where OEM suppliers sell directly to distributors using Yunfeng New Material's brand [1] - During the reporting period, the top ten OEM suppliers under the trademark licensing model totaled 19 [1] Financial Performance - The company reported revenues of approximately 2.362 billion yuan, 2.669 billion yuan, 3.429 billion yuan, and 1.634 billion yuan for the years 2021, 2022, 2023, and the first half of 2024, respectively [2] - Net profits for the same periods were approximately 224 million yuan, 245 million yuan, 320 million yuan, and 149 million yuan [2] Key Financial Data - As of June 30, 2024, total assets amounted to 2.468 billion yuan, with equity attributable to shareholders of the parent company at 1.289 billion yuan [3] - The company's debt-to-asset ratio was 55.90% as of June 30, 2024, compared to 35.20% in 2023 [3] - Basic earnings per share were 1.56 yuan for the first half of 2024, with a diluted earnings per share of the same amount [3] - The company’s R&D expenditure as a percentage of revenue was 1.09% for the first half of 2024 [3]