Zhong Guo Jing Ji Wang·2025-10-25 09:20Core Viewpoint - Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd. has passed the IPO review by the Shenzhen Stock Exchange, marking it as the 63rd company approved for listing this year [1] Group 1: Company Overview - Shuangxin Environmental Protection specializes in the research, production, and sales of products along the polyvinyl alcohol (PVA) industry chain, including PVA, specialty fibers, vinyl acetate (VAC), and calcium carbide [1] - The company has a complete industrial chain layout for polyvinyl alcohol [1] - As of the signing date of the prospectus, Shuangxin Chemical holds 49,116.70 million shares, accounting for 57.11% of the total share capital, making it the controlling shareholder [1] Group 2: IPO Details - Shuangxin Environmental Protection plans to publicly issue no more than 287,000,000 shares, which will not be less than 10.00% of the total share capital after issuance [2] - The company aims to raise approximately 186.54 million yuan for various projects, including the production of PVB resin and functional films, water-based adhesives, energy-saving technology upgrades, and the establishment of a research and development center [2] Group 3: Review Committee Inquiries - The review committee inquired about the feasibility and prudence of the 2025 performance forecast, considering industry policies, main business models, product price trends, new product development, and order execution [3] - Questions were raised regarding the composition and basis of sales and technical service fees, as well as the necessity and reasonableness of sales services provided by partners [3]