申兰华IPO前3次分红超亿元，关联方潜伏五大客户名单

Core Viewpoint - Anhui Shenlanhua Color Material Co., Ltd. has been accepted for IPO on the Beijing Stock Exchange, aiming to raise 300 million yuan for expanding its production capacity of high-performance organic pigments [4] Company Overview - Shenlanhua was established in September 2003 and specializes in the R&D, production, and sales of organic pigments such as phthalocyanine blue and permanent violet, with applications in inks, coatings, plastics, and rubber [4] - The company is recognized as a national-level "little giant" enterprise by the Ministry of Industry and Information Technology [4] Financial Performance - Revenue for Shenlanhua from 2022 to 2024 is projected to be 717 million yuan, 720 million yuan, and 652 million yuan respectively, with net profits of 72.9 million yuan, 72.15 million yuan, and 52.99 million yuan [4] - In the first half of 2025, revenue reached 388 million yuan, marking a year-on-year increase of 25.04%, while net profit was 24.61 million yuan, up 10.15% year-on-year [5] Customer Concentration - The top five customers accounted for 32.99%, 31.11%, 30.52%, and 33.08% of total revenue during the reporting periods, indicating a stable customer base with low concentration risk [6] - Notable customers include Yabang Pigments, DIC Corporation, and Dongtai Renxin, with sales to any single customer not exceeding 10% of total revenue [6] Production Capacity Expansion - The IPO proceeds will fund a project to build an annual production capacity of 11,000 tons of high-performance organic pigments, including an additional 9,000 tons of phthalocyanine blue and 1,200 tons of permanent violet [4] Dividend Distribution - Shenlanhua distributed dividends of 50 million yuan, 22.5 million yuan, and 30 million yuan for the years 2021, 2022, and 2024 respectively [8][9]