道生天合将上市，募资约8亿元

Core Viewpoint - Daoshengtianhe Material Technology (Shanghai) Co., Ltd. is set to go public on the Shanghai Stock Exchange with an issue price of 5.98 yuan per share, aiming to raise approximately 789 million yuan in total [1][3]. Company Overview - Daoshengtianhe focuses on the research, production, and sales of new materials, offering solutions for various sectors including wind energy, new energy vehicles, and aerospace [3][5]. - The company was established in June 2015 and has a registered capital of approximately 528 million yuan [3]. Fundraising Details - The initial fundraising target was 800 million yuan, later adjusted to 694 million yuan, with 615 million yuan allocated for the production of high-end adhesives and resin systems for new energy and power batteries [3]. - The remaining 185 million yuan will be used to repay bank loans and supplement working capital [3]. Financial Performance - Revenue for 2022, 2023, and 2024 is projected to be approximately 3.436 billion yuan, 3.202 billion yuan, and 3.238 billion yuan, respectively, with net profits of about 108 million yuan, 152 million yuan, and 155 million yuan [5]. - For the first half of 2025, revenue is estimated at 1.784 billion yuan, with a net profit of approximately 84.97 million yuan [6]. Shareholding Structure - The actual controllers of Daoshengtianhe are Ji Gang and Zhang Ting, who collectively hold 60.47% of the voting rights through their investment in Yicheng Industrial [4][5]. - Major shareholders include Yicheng Industrial and several private equity funds [4].