Venture(US:VEMLY) Zhi Tong Cai Jing·2025-06-24 23:38Core Viewpoint - Beteli, a polymer materials company based in Suzhou, has had its IPO application accepted by the Shenzhen Stock Exchange's ChiNext board, aiming to raise approximately 792.66 million yuan [1] Company Overview - Beteli focuses on customer-oriented innovation and R&D, specializing in electronic materials and chemical new materials, with products including conductive materials, silicone materials, and coating materials [1] - The company serves various industries such as photovoltaics, 3C electronics, silicone deep processing, electronic packaging, medical, and new energy vehicles [1] Clientele and Market Position - In the photovoltaic sector, major clients include Shanghai Yinjing, Dike Co., and Huasheng New Energy [1] - In the 3C electronics sector, products are used by well-known brands like Lenovo, Huawei, and Xiaomi [1] - In silicone deep processing, key clients include Huitian New Materials and Aiken Silicone [2] - In electronic packaging, clients include Mulinsen and Zhaochi Co. [2] - In the medical field, clients include Yuyue Medical and Aikang Bio [2] - In the new energy vehicle sector, products have been integrated into the supply chains of companies like Li Auto and BYD [2] Fundraising and Investment Projects - The funds raised will be allocated to several projects, including: - Phase III of the special conductive materials production project with a total investment of 210.12 million yuan [2] - Expansion of Dongguan Beteli New Materials Co., with a total investment of 299.20 million yuan [2] - Construction of a Wuxi R&D and marketing center with a total investment of 183.34 million yuan [2] - Supplementing working capital with 100 million yuan [2] Financial Performance - Projected revenues for 2022, 2023, and 2024 are approximately 635 million yuan, 2.273 billion yuan, and 2.521 billion yuan, respectively [2] - Net profits for the same years are expected to be around 16.53 million yuan, 85.63 million yuan, and 97.50 million yuan [2] - Total assets as of December 31 for 2022, 2023, and projected for 2024 are 656.23 million yuan, 1.030 billion yuan, and 1.151 billion yuan, respectively [3] - The company's equity attributable to shareholders is projected to grow from 545.20 million yuan in 2022 to 724.30 million yuan in 2024 [3] - The asset-liability ratio for the parent company is expected to rise from 5.16% in 2022 to 29.11% in 2024 [3] - Basic earnings per share are projected to increase from 0.08 yuan in 2022 to 0.49 yuan in 2024 [4]