Core Viewpoint - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd. (Shuangxin Environmental) has successfully passed the listing committee meeting of the Shenzhen Stock Exchange, aiming to raise 1.86538 billion yuan [1] Company Overview - Established in June 2009, Shuangxin Environmental specializes in the research, production, and sales of polyvinyl alcohol (PVA), PVA specialty fibers, vinyl acetate (VAC), and calcium carbide, with a complete PVA industry chain layout [1] - It is the third-largest PVA producer in China and one of the three major production bases for PVA in the country [1] Production Capacity and Market Position - In 2024, the company is expected to produce 116,900 tons of PVA, accounting for approximately 13% of the national total [1] - The company's calcium carbide production capacity is 870,000 tons, representing 2.06% of the national capacity, ranking eighth in the country [1] - Shuangxin Environmental maintains a stable advanced position in the industry amid a stable supply structure and concentration of advantages among leading enterprises [1] Market Recognition and Client Relationships - The company's products are sold in 29 provinces and exported to over 40 countries and regions, including Europe, South America, and Southeast Asia [2] - Long-term stable partnerships have been established with influential manufacturers in the PVA and related product sectors, as well as large clients in the calcium carbide downstream [2] Core Technology and Revenue Contribution - The company's core technologies cover various production processes, with core technology products contributing over 90% to the main business revenue during the reporting period [2] Fundraising and Investment Projects - The net proceeds from the stock issuance will be allocated to several projects, including: - 16,000 tons of PVB resin and functional film project (investment: 557.53 million yuan) - 60,000 tons of water-based adhesive project (investment: 351.58 million yuan) - PVA industry chain energy-saving and efficiency improvement project (investment: 170.50 million yuan) - Calcium carbide production line energy-saving and efficiency improvement project (investment: 120.00 million yuan) - R&D center construction project (investment: 169.02 million yuan) - PVA product pilot device construction project (investment: 79.26 million yuan) - Working capital replenishment project (investment: 430.00 million yuan) [2] Financial Performance - The company reported revenues of 5.061 billion yuan in 2022, with projected revenues of 3.783 billion yuan in 2023 and 3.486 billion yuan in 2024 [2] - Net profits for the same periods were 807 million yuan, 558 million yuan, and 520 million yuan, respectively [2] - In the first half of 2025, revenue showed a year-on-year increase of 1.81%, indicating a stabilization in operational performance [2] Key Financial Metrics - As of June 30, 2025, total assets amounted to 6.236 billion yuan, with equity attributable to shareholders of 4.874 billion yuan [3] - The company's debt-to-asset ratio was 20.69% [3] - Basic earnings per share were 0.33 yuan, with a diluted earnings per share of 0.33 yuan [3] - R&D expenditure accounted for 3.17% of revenue [3]
双欣环保深交所IPO通过上市委会议 为国内第三大的聚乙烯醇生产企业
Zhi Tong Cai Jing·2025-10-24 13:05