二次“北上”！“山西催化剂大佬”陈泽红重启A股上市...

Core Viewpoint - Tengmao Technology, a key listed backup enterprise in Shanxi Province, is making a second attempt to list on the Beijing Stock Exchange after its previous application was terminated in April 2024 [1][3]. Company Overview - Tengmao Technology was established in 2007 and is located in the Aluminum-based New Materials Industry Demonstration Zone in Hejin City, Shanxi Province. The company specializes in the research, production, and sales of catalytic cracking catalysts, additives, and molecular sieves [3]. - The company has a production capacity of 40,000 tons per year for catalysts, additives, and molecular sieves [3]. Listing Attempts - Tengmao Technology first submitted its application for listing on the Beijing Stock Exchange on March 24, 2023, but the application was terminated on April 18, 2024, due to various strategic and market considerations [7][9]. - The company is now re-engaging with the listing process, having filed for guidance with the Shanxi Securities Regulatory Bureau and signed a listing guidance agreement with Western Securities [1][3]. Financial Performance - The company's net profit attributable to shareholders has shown significant growth, with figures of 28.2 million yuan in 2022, 40.7 million yuan in 2023, and a projected 50.6 million yuan in 2024 [15]. - For the first half of 2025, Tengmao Technology reported revenue of 141 million yuan, a year-on-year increase of 40.22%, and a net profit of 33.7 million yuan, up 48.76% from the previous year [15]. Market Context - As of June 30, 2025, there have been 68 companies that terminated their IPO applications, while 51 companies have successfully listed. The market environment remains challenging for new listings [15].