Core Viewpoint - Changjiang SANSING Energy Technology Co., Ltd. (Changjiang Nengke) has successfully listed on the Beijing Stock Exchange, with a significant opening price and trading performance, indicating strong market interest and potential for growth in the energy chemical equipment sector [1]. Company Overview - Changjiang Nengke focuses on the design, research and development, manufacturing, and service of specialized energy chemical equipment, including electro-dehydration equipment, separation equipment, heat exchange equipment, storage equipment, carbon capture equipment, and hydrogen energy equipment [1]. - The company’s products are widely used in oil and gas engineering, refining and chemical industries, marine engineering, and clean energy sectors [1]. Shareholding Structure - Jiangsu SANSING Technology Co., Ltd. holds 36,897,704 shares, accounting for 34.14% of the total share capital, making it the controlling shareholder [2]. - The actual controllers of the company are Liu Jianchun and Liu Jiacheng, who are father and son, with significant control over the company's decision-making processes [2]. Financial Performance - For the years 2022 to 2024, the company reported revenues of 219.07 million yuan, 347.96 million yuan, and 313.98 million yuan, respectively, with net profits of 40.68 million yuan, 40.85 million yuan, and 49.16 million yuan [6][7]. - The company’s operating cash flow showed fluctuations, with net cash flow from operating activities of 5.27 million yuan, 1.16 million yuan, and 8.35 million yuan for the respective years [6]. Fundraising and Investment Plans - The company raised a total of 159.90 million yuan before the exercise of the over-allotment option, with a net amount of 135.61 million yuan after deducting issuance costs [4]. - The funds will be used for projects including the annual production of 1,500 tons of heavy special materials equipment and 4,500 tons of marine and land oil and gas engineering equipment, as well as the construction of a research and development center [5]. Recent Performance and Projections - In the first half of 2025, the company reported a revenue of 12.61 million yuan, a decrease of 6.23% year-on-year, while net profit increased by 4.02% to 1.82 million yuan [8]. - For the first nine months of 2025, the company expects revenues between 20 million yuan and 23 million yuan, with net profits projected between 3.3 million yuan and 3.6 million yuan [10].
长江能科上市募1.6亿首日涨254% 近1年半营收连降