Group 1 - The company, DaoShengTianHe, is preparing for an IPO on the Shanghai Stock Exchange, initially planning to raise 800 million yuan, later revised to approximately 694 million yuan for projects related to high-end adhesives and repayment of bank loans [4][5] - DaoShengTianHe has a high debt-to-asset ratio, reported at 58.13% in 2022, 52.52% in 2023, and projected at 52.89% in 2024, compared to an industry average of 41.08% in 2022 [5][10] - The company has a history of significant cash dividends, including 40 million yuan in 2020, 80 million yuan in 2021, and 30 million yuan in 2022, raising concerns about its financial management [4][5] Group 2 - DaoShengTianHe has experienced revenue fluctuations, with revenues of approximately 34.36 billion yuan in 2022, declining to about 32.02 billion yuan in 2023, and slightly increasing to 32.38 billion yuan in 2024 [8][12] - The company's net profit has also shown variability, with figures of 1.08 billion yuan in 2022, 1.52 billion yuan in 2023, and 1.55 billion yuan in 2024 [9][12] - The company has a high customer concentration, with the top five customers accounting for 71.94%, 68.44%, and 68.19% of total revenue in the respective years [12][13]
道生天合闯上市：业绩波动，资产负债率高，多次分红却要募资还贷
Sou Hu Cai Jing·2025-05-20 16:34