IPO辅导验收完成！烟台这家企业“A拆北”迈出关键一步

Group 1 - The core viewpoint of the news is that Jiumu Chemical is transitioning its IPO plans to the Beijing Stock Exchange after initially preparing for a listing on the Shandong Securities Regulatory Bureau [3] - Jiumu Chemical signed a counseling agreement with CITIC Securities on January 27, 2024, and submitted its IPO materials the next day, officially entering the counseling period [3] - The company was established in September 2005 with a registered capital of 188 million yuan and is primarily engaged in the research, production, and sales of OLED front-end materials [3] Group 2 - Jiumu Chemical's market share in the global OLED sublimation front materials and intermediates is approximately 23% in 2024, indicating its leading position in the industry [3] - Financial data shows that Jiumu Chemical achieved revenues of 706 million yuan, 878 million yuan, and 962 million yuan from 2022 to 2024, with net profits of 204 million yuan, 210 million yuan, and 254 million yuan respectively, maintaining a gross margin above 40% [4] - However, in the first half of this year, the company reported a revenue decline of 23.10% year-on-year, totaling 380 million yuan, and a net profit decrease of 30.55%, amounting to 93.25 million yuan, attributed to reduced order distribution from downstream customers [4] Group 3 - Jiumu Chemical plans to use the funds raised from the IPO for the "OLED Display Materials and Other Functional Materials Project (Phase II)" and the "R&D Center Project" [3] - The company has projected net profits for 2023 and 2024 to be 203.37 million yuan and 246.36 million yuan respectively, with a weighted average return on equity of 24.90% and 25.22%, meeting the financial conditions for listing on the Beijing Stock Exchange [4] - Wanrun Co., Ltd. stated that it will remain the controlling shareholder of Jiumu Chemical after the spin-off listing, ensuring no adverse impact on the company's other business segments or its independent listing status and profitability [4]