康瑞新材深交所主板IPO“已问询” 深耕精密金属材料领域二十余年

Core Viewpoint - Jiangsu Kangrui New Materials Technology Co., Ltd. (Kangrui New Materials) is undergoing a listing review on the Shenzhen Stock Exchange, aiming to raise approximately 1.10493 billion yuan for its operations and expansion in the precision metal materials sector [1]. Company Overview - Kangrui New Materials has over 20 years of experience in the precision metal materials field, focusing on the research, production, and sales of high-precision and high-performance metal materials [1]. - The company has developed a comprehensive technology system centered on titanium alloy smelting, precision rolling, composite rolling, drawing, and heat treatment, and is also involved in metal powder manufacturing, powder metallurgy, and metal 3D printing [1]. Product Portfolio - The product range includes metal layered composite materials, precision metal profiles, polished rods, fine metal wires, and precision metal tubes, covering various materials such as titanium-aluminum composites, titanium alloys, stainless steel, and aluminum alloys [1]. - The primary application areas for Kangrui's products are consumer electronics, industrial equipment, automotive parts, and daily consumer goods, with a significant focus on the consumer electronics sector [1]. Clientele and Partnerships - Major clients in the consumer electronics sector include Company X and Company Y, with stable partnerships established with large manufacturers such as Foxconn, BYD, Changying Precision, Linyi Zhizao, Lens Technology, and Lianfeng Group [2]. Fundraising and Investment Plans - The company plans to allocate the raised funds to several projects, including: - A project for producing 5,000 tons of titanium alloy materials with an investment of 59.81 million yuan - A project for producing 4,000 tons of metal layered composite materials with an investment of 21.64 million yuan - A research and development center with an investment of 9.04 million yuan - Supplementing working capital with 20 million yuan [2]. Financial Performance - Projected revenues for 2022, 2023, and 2024 are approximately 1.053 billion yuan, 2.486 billion yuan, and 2.998 billion yuan, respectively, with net profits of about 47.56 million yuan, 229 million yuan, and 404 million yuan for the same years [2]. - Total assets for 2024 are projected to be approximately 2.670 billion yuan, with a significant increase in equity attributable to the parent company from 375.61 million yuan in 2022 to an estimated 1.328 billion yuan in 2024 [3]. - The company’s debt-to-asset ratio is expected to decrease from 43.06% in 2022 to 30.51% in 2024, indicating improved financial stability [3].