Core Viewpoint - Tianfulong Group has announced its A-share IPO details, aiming to raise approximately 944 million yuan, with net proceeds expected to be around 856 million yuan after deducting issuance costs. The funds will be used for projects related to its main business, including the production of low-melting-point polyester fibers and the establishment of a research and development center [1][6]. Group 1: Company Overview - Tianfulong was established in 2009 and focuses on the research, production, and sales of differentiated polyester short fibers, expanding its product range to include recycled colored polyester short fibers and differentiated composite fibers [1]. - The company has a comprehensive product matrix in the differentiated composite fiber sector, including low-melting-point short fibers and hollow polyester short fibers, with a complete process package for various temperature ranges [3][4]. Group 2: Market Position and Strategy - Tianfulong targets the high-tech segments of the polyester short fiber industry, particularly recycled colored polyester short fibers and differentiated composite fibers, to differentiate itself in a competitive market [2][3]. - The company has maintained a leading position in the domestic market for automotive interior colored polyester short fibers and low-melting-point short fibers from 2021 to 2023 [3]. Group 3: Financial Performance - The company has shown steady revenue growth, with projected revenues of 2.576 billion yuan, 3.336 billion yuan, and 3.841 billion yuan from 2022 to 2024, alongside net profits of 358 million yuan, 431 million yuan, and 454 million yuan during the same period [5]. Group 4: Industry Trends and Future Outlook - The Chinese government emphasizes the development of a circular economy, with a target to establish a resource recycling industry system by 2025, which aligns with Tianfulong's focus on sustainable practices and recycled materials [6][7]. - The global market for recycled polyester is expected to reach 35.188 billion yuan by 2029, indicating a growing demand for sustainable materials, which Tianfulong aims to capitalize on by expanding its production capacity and entering international markets [6][8].
再生涤纶短纤龙头上市在即！天富龙7月28日开启申购