林平发展沪主板IPO获受理 拟募资12亿元

Core Viewpoint - Anhui Linping Circular Development Co., Ltd. is seeking to raise 1.2 billion yuan through an IPO on the Shanghai Stock Exchange, focusing on the production of packaging paper products [1][5]. Company Overview - Linping Development specializes in the research, production, and sales of corrugated paper and boxboard, recognized as a high-tech enterprise with independent R&D capabilities [3]. - The company integrates waste paper utilization, cogeneration, and green paper-making, emphasizing environmental protection and resource recycling [3]. Market Position - Linping Development has a current production capacity of 1.2 million tons and ranks among the top 30 paper production companies in China, with a projected output of 1.0197 million tons in 2024 [4]. - The company holds a significant market share in Anhui Province, accounting for 35.65% of the province's paper and board production and 0.75% of the national total [4]. Financial Performance - The company reported revenues of 2.879 billion yuan, 2.8 billion yuan, and 2.485 billion yuan for the years 2022 to 2024, with net profits of 154 million yuan, 212 million yuan, and 153 million yuan respectively [5]. Future Growth Plans - The IPO proceeds will be allocated to projects aimed at producing 900,000 tons of green intelligent manufacturing materials and 600,000 tons of bio-based fiber materials [5]. - The investment projects are expected to enhance product upgrades, production capacity, and market share, thereby improving profitability [6]. - The company plans to phase out outdated production lines and invest in new intelligent production lines to enhance efficiency and product quality [6].