青岛青禾撤档A股上市，原计划募资约11亿元

Core Viewpoint - Qingdao Qinghe Artificial Turf Co., Ltd. has withdrawn its IPO application, leading to the termination of its review for listing on the Shanghai Stock Exchange [1] Company Overview - Qingdao Qinghe was established in August 2009 and is located in Qingdao, Shandong Province. The company was formerly known as Qingdao Kangsen Fiber Co., Ltd. It has a registered capital of approximately 110 million yuan [3] - The main shareholders include Qingdao Xinhongyi Investment Co., Ltd. and Yu Kang [3] IPO Details - The company initially disclosed its prospectus in July 2022 and submitted its application for listing in March 2023, with an update in December 2024. The planned fundraising amount was 1.092 billion yuan, intended for various projects including the construction of a production base in Vietnam and technology upgrades [3][4] Financial Performance - Qingdao Qinghe's revenue for the years 2021, 2022, 2023, and the first half of 2024 was approximately 1.358 billion yuan, 1.828 billion yuan, 1.956 billion yuan, and 1.036 billion yuan, respectively. The net profits for the same periods were about 137 million yuan, 100 million yuan, 129 million yuan, and 60.98 million yuan [5] - The company's total assets as of June 30, 2024, were approximately 2.38 billion yuan, with a debt-to-asset ratio of 50.83% [6] Product and Market - Qingdao Qinghe primarily engages in the research, production, and sales of artificial turf and grass yarn, with products categorized into leisure landscape turf and sports turf. The company exports to over 100 countries and regions worldwide [5][6] - Revenue from leisure grass accounted for approximately 72.73%, 66.95%, 73.16%, and 68.30% of its main business income in the respective years [6]