Venture(US:VEMLY) 智通财经网·2025-10-20 07:35Core Viewpoint - Guangdong Zhongsu New Materials Co., Ltd. (Zhongsu Co.) has applied for listing on the Shenzhen Stock Exchange's ChiNext board, with a fundraising target of 645.49 million yuan, and is currently in the "inquired" review status [1] Group 1: Company Overview - Zhongsu Co. specializes in the research, production, and sales of modified engineering plastics, recognized as a high-tech enterprise and a national-level "little giant" enterprise [1] - The company focuses on high-performance engineering materials and special functional materials, catering to industries such as consumer electronics, energy storage, automotive, and home appliances [1] Group 2: Business Strategy - Zhongsu Co. employs a differentiated product strategy to develop high-value-added modified engineering plastics, addressing the personalized material needs of downstream products [1] - The company aims to leverage its extensive experience in the modified plastics industry to explore innovative application fields, including robotics and low-altitude economy [1] Group 3: Financial Performance - The company has shown continuous growth in revenue and net profit, with projected revenues of 493 million yuan in 2022, 537 million yuan in 2023, 670 million yuan in 2024, and 152 million yuan in the first quarter of 2025 [2] - Net profits are expected to reach 51.71 million yuan in 2022, 78.99 million yuan in 2023, 100 million yuan in 2024, and 25.70 million yuan in the first quarter of 2025 [2] Group 4: Financial Metrics - As of March 31, 2025, total assets are projected to be 713.42 million yuan, with equity attributable to the parent company at 485.67 million yuan [3] - The company's asset-liability ratio has improved significantly, decreasing from 41.82% in 2022 to 17.72% in March 2025 for the parent company [3] - The research and development expenditure as a percentage of revenue has increased from 3.12% in 2022 to 3.88% in the first quarter of 2025, indicating a commitment to innovation [3]