Core Viewpoint - Zhejiang Zhenstone New Materials Co., Ltd. has submitted its IPO application to the Shanghai Stock Exchange, aiming to raise approximately 3.98 billion yuan, focusing on the clean energy sector and advanced composite materials [1] Group 1: Company Overview - Zhenstone is a national high-tech enterprise primarily engaged in the research, production, and sales of fiber-reinforced materials for clean energy applications [1] - The company has become a global leader in manufacturing wind turbine blade materials, holding over 35% of the global market share for wind power fiberglass fabric as of 2024 [1][2] - Zhenstone has established stable partnerships with renowned clients both domestically and internationally, including Mingyang Smart Energy, Envision Energy, Vestas, and Siemens Gamesa [2] Group 2: Technological Advancements - In 2023, Zhenstone successfully developed high-modulus fiberglass fabric for ultra-long blades used in a domestically developed 16 MW offshore wind turbine [2] - The company has been involved in setting multiple industry standards and has received recognition as a "Little Giant" enterprise in specialized and innovative manufacturing [2] Group 3: Fundraising and Investment Projects - The funds raised from the IPO will be allocated to several projects, including the construction of fiberglass product production bases and a composite materials production base, totaling approximately 398.1 million yuan [3][4] Group 4: Financial Performance - Zhenstone's projected revenues for 2022, 2023, and 2024 are approximately 5.27 billion yuan, 5.12 billion yuan, and 4.44 billion yuan, respectively, with net profits of about 781 million yuan, 793 million yuan, and 610 million yuan [4] - As of the end of 2024, the total assets are expected to reach approximately 904.21 million yuan, with a debt-to-asset ratio of 67.75% [5]
振石股份上交所主板IPO已受理 风电玻纤织物的全球市场份额超过35%
智通财经网·2025-06-26 00:02