青岛海湾化学撤回上交所主板IPO！原本计划募资30亿元

Core Viewpoint - Qingdao Gulf Chemical Co., Ltd. has terminated its IPO application on the Shanghai Stock Exchange due to the withdrawal request from the company and its sponsor, CITIC Securities [1][4]. Company Overview - Qingdao Gulf Chemical was established in September 1999, evolving from the state-owned Qingdao Chemical Plant. The company has a registered capital of approximately 144 million yuan and focuses on the research, production, and sales of chlor-alkali chemicals, organic chemical raw materials, polymer new materials, and inorganic silicon products [6][7]. - The company has built a production capacity 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. It ranks first in domestic ethylene-based PVC capacity [7][8]. IPO Details - The company initially planned to issue up to 253.45 million shares, accounting for no more than 15% and no less than 10% of the total share capital post-issue. The intended fundraising amount was 3 billion yuan, aimed at several projects including a green circular economy project for epoxy chloropropane and an expansion project for ethylene oxychlorination [4]. Financial Performance - The company's revenue for the years 2019, 2020, 2021, and the first half of 2022 was approximately 7.038 billion yuan, 6.053 billion yuan, 13.028 billion yuan, and 6.962 billion yuan, respectively. The net profits for the same periods were 485 million yuan, 301 million yuan, 2.076 billion yuan, and 1.006 billion yuan [10]. - Gulf Chemical has a history of significant cash dividends, distributing approximately 741 million yuan, 508 million yuan, 481 million yuan, and 1.577 billion yuan in cash dividends for the years 2019, 2020, 2021, and the first half of 2022, respectively [10]. Shareholder Information - The major shareholders of Gulf Chemical include Gulf Group and Qingdao International Investment Co., Ltd. Gulf Group holds 62% of the shares, making it the controlling shareholder. The actual control of the company is exercised by the Qingdao State-owned Assets Supervision and Administration Commission through Qingdao International Investment [9].