青岛青禾撤回沪主板IPO 原计划募资10.92亿元

Core Viewpoint - Qingdao Qinghe's IPO application has been withdrawn, leading to the termination of its listing review by the Shanghai Stock Exchange [1] Company Overview - Qingdao Qinghe is primarily engaged in the research, production, and sales of artificial turf and grass fibers, ranking as the second-largest global producer and seller of artificial turf [3] - The company has established a comprehensive self-research, production, and sales system covering the entire process from grass fiber production to finished turf sales since its establishment in 2009 [4] Market Position - As of 2023, Qingdao Qinghe holds a global market share of 12.9% in the artificial turf sector [3] - The company has a diverse product range, with over 50 types of grass fiber and more than 100 varieties of green turf, capable of quickly responding to complex market demands [4] Financial Performance - Revenue figures for Qingdao Qinghe from 2022 to the first half of 2024 are as follows: 1.828 billion yuan, 1.956 billion yuan, and 1.036 billion yuan, respectively; net profits for the same periods are 100 million yuan, 129 million yuan, and 61 million yuan [5] - The majority of the company's revenue comes from overseas sales, with the proportion of foreign sales to main business income being 97.94%, 98.62%, 98.71%, and 99.16% from 2021 to the first half of 2024 [5] Industry Context - The artificial turf industry has seen rapid growth globally, with significant market potential, although competition is intensifying, which may impact Qingdao Qinghe's operations [5] - Major companies in the industry are expanding production capacity, leading to increased supply and potential price declines [5] IPO Details - Qingdao Qinghe's IPO was initially accepted in March 2023, with plans to raise 1.092 billion yuan for various projects, including a production base in Vietnam and technology upgrades [6] - The company did not disclose responses to inquiries from the review process before withdrawing its IPO application [6]