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海阳科技上市募5亿首日涨387% 近3年收现比均低于7成

Core Viewpoint - Haiyang Technology Co., Ltd. has successfully listed on the Shanghai Stock Exchange, with a significant opening price increase and high trading volume, indicating strong market interest and investor confidence in the company’s future prospects [1]. Company Overview - Haiyang Technology is a leading domestic enterprise engaged in the research, production, and sales of nylon 6 series products [1]. - The company has a diversified shareholding structure, with no single shareholder holding more than 50% of the total share capital, ensuring no controlling shareholder [1]. Financial Performance - The company reported revenues of 406,715.70 million yuan, 411,275.47 million yuan, and 554,240.53 million yuan for the years 2022, 2023, and 2024, respectively [5]. - Net profits for the same years were 16,652.79 million yuan, 14,004.65 million yuan, and 17,322.81 million yuan [5]. - The net profit attributable to the parent company was 15,400.26 million yuan, 12,491.06 million yuan, and 16,582.67 million yuan for 2022, 2023, and 2024, respectively [5]. Capital Raising and Investment Projects - Haiyang Technology issued 45,312,900 shares at an issue price of 11.50 yuan per share, raising a total of 52,109.84 million yuan, with a net amount of 46,067.22 million yuan after deducting issuance costs [3]. - The funds raised will be allocated to three main projects: a 100,000-ton modified polymer new materials project, a 45,000-ton high-modulus low-shrinkage polyester tire cord intelligent transformation project, and working capital [4]. Market Outlook - The company expects a revenue range of 235,000.00 million yuan to 245,000.00 million yuan for the first half of 2025, reflecting a year-on-year decline of 10.66% to 14.30% [8]. - The projected net profit for the same period is estimated to be between 7,600.00 million yuan and 8,600.00 million yuan, indicating a slight year-on-year change of -2.05% to 10.83% [8].