Zhi Tong Cai Jing·2025-08-18 11:50Core Viewpoint - Hai'an Rubber Group Co., Ltd. has submitted its IPO application to the Shenzhen Stock Exchange, aiming to raise approximately 2.952 billion RMB, focusing on the production and sales of giant all-steel radial tires for engineering machinery and mining tire management [1][2]. Financial Performance - The company reported revenues of approximately 1.508 billion RMB, 2.251 billion RMB, and 2.300 billion RMB for the years 2022, 2023, and 2024, respectively [2]. - Net profits for the same years were approximately 354 million RMB, 654 million RMB, and 679 million RMB [2]. Key Financial Metrics - As of December 31, 2024, total assets are projected to be approximately 3.282 billion RMB, with equity attributable to shareholders of the parent company at around 2.387 billion RMB [3]. - The company's debt-to-asset ratio is expected to decrease from 44.49% in 2022 to 21.10% in 2024 [3]. - Basic and diluted earnings per share are projected to be 4.87 RMB for 2024, up from 2.54 RMB in 2022 [3]. - The return on equity is expected to be 33.23% in 2024, down from 47.67% in 2023 [3]. - Research and development expenses are projected to account for 3.03% of revenue in 2024 [3].