Core Viewpoint - Hai'an Rubber Group Co., Ltd. has successfully listed on the Shenzhen Stock Exchange, with a significant opening price and trading performance, indicating strong market interest and potential for growth in the tire manufacturing sector [1]. Company Overview - Hai'an Group specializes in the research, production, and sales of giant all-steel engineering radial tires and the operation management of mining tires [1]. - The company issued 46,493,334 shares, accounting for 25% of the total share capital post-issue, at a price of 48.00 yuan per share, raising a total of 223.168 million yuan [3][4]. Financial Performance - The company's revenue for 2022, 2023, and 2024 was 150,829.91 million yuan, 225,052.47 million yuan, and 229,989.30 million yuan, respectively, with net profits of 35,417.92 million yuan, 65,392.90 million yuan, and 67,904.84 million yuan [5]. - For the first half of 2025, the company reported a revenue of 107,951.10 million yuan and a net profit of 34,083.00 million yuan [6]. Future Projections - Hai'an Group anticipates a compound annual growth rate of 20% in revenue from 2025 to 2027, despite potential risks of revenue decline post-2027 [2]. - The company projects its 2025 revenue to be between 225,000 million yuan and 235,000 million yuan, with net profit estimates ranging from 65,000 million yuan to 71,000 million yuan [10]. Capital Utilization - The raised funds will be allocated to expanding production capacity for all-steel giant engineering radial tires, upgrading automation production lines, and constructing a research and development center [3][4]. Shareholder Structure - The controlling shareholder is Fujian Xinhui Investment Group Co., Ltd., holding 28.32% of the shares, while the actual controller, Zhu Hui, holds a combined 47.82% stake in the company [1].
海安集团上市募22亿首日涨74% IPO前实控人套现3.7亿