锦华新材将在北交所上市

Core Viewpoint - Zhejiang Jinhua New Materials Co., Ltd. (referred to as "Jinhua New Materials") has initiated its subscription for listing on the Beijing Stock Exchange, with a new stock code of "920015" following its IPO [1] Group 1: IPO Details - The issue price for Jinhua New Materials is set at 18.15 CNY per share, with a maximum issuance of 32.67 million shares and a 15% over-allotment option, potentially raising approximately 593 million CNY, or up to 682 million CNY if the over-allotment is fully exercised [3] - The funds raised will be allocated to the development of new products such as silane coupling agents and functional silane intermediates, primarily used in composite materials, plastics, coatings, and various other applications [3] Group 2: Company Background - Jinhua New Materials was established in December 2007, previously known as Quzhou Jinhua Chemical Co., Ltd., with a registered capital of 98 million CNY [3] - Major shareholders include Juhua Group and Lishui Jinhong Enterprise Management Partnership [4] Group 3: Financial Performance - Projected revenues for Jinhua New Materials are approximately 994 million CNY in 2022, 1.115 billion CNY in 2023, and 1.239 billion CNY in 2024, with net profits of about 79.59 million CNY, 173 million CNY, and 211 million CNY respectively [5] - Total assets are expected to reach approximately 1.32 billion CNY by the end of 2024, with a debt-to-asset ratio of 36.26% [6] - The company has shown a gross margin of 27.94% in 2024, with a return on equity of 28.19% [7]