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海湾化学撤回沪主板IPO 原计划募资30亿元
Zheng Quan Shi Bao Wang·2025-06-20 11:54

Core Viewpoint - The IPO application of Qingdao Gulf Chemical Co., Ltd. has been withdrawn, leading to the termination of its listing review by the Shanghai Stock Exchange [1]. Company Overview - Gulf Chemical was established in 1999, evolving from the state-owned Qingdao Chemical Plant, and has over 20 years of experience in the chlor-alkali chemical industry [4]. - The company operates in the production and sales of chlor-alkali chemicals, organic chemical raw materials, high polymer materials, and inorganic silicon products, with key products including PVC, styrene, polystyrene, and caustic soda [4]. Production Capacity - Gulf Chemical has established production capacities of 850,000 tons/year for ethylene-based PVC, 500,000 tons/year for styrene, 200,000 tons/year for polystyrene, 555,000 tons/year for caustic soda, and 160,000 tons/year for sodium metasilicate [5]. - The company ranks first in domestic production capacity for ethylene-based PVC [5]. Future Projects - Gulf Chemical has ongoing and planned projects including a 240,000 tons/year high-end polycarbonate bisphenol A project, a 3×75,000 tons/year epoxy chloropropane green circular economy project, a 150,000 tons/year epoxy resin project, and a 400,000 tons/year ethylene oxychlorination project [5]. Financial Performance - The company reported revenues of 6.053 billion yuan, 13.028 billion yuan, and 6.962 billion yuan for the years 2020, 2021, and the first half of 2022, respectively, with net profits of 301 million yuan, 2.077 billion yuan, and 1.006 billion yuan during the same periods [5]. Shareholding Structure - Gulf Group holds 62% of Gulf Chemical's shares, making it the controlling shareholder, while the actual controller is the Qingdao State-owned Assets Supervision and Administration Commission through Qingdao Investment [6]. IPO Plans - In February 2023, Gulf Chemical's IPO application was accepted, with plans to raise 3 billion yuan for various projects, including the green circular economy project and working capital [6].