林平发展主板IPO即将上会审议，公司原纸产能达115万吨/年

Core Viewpoint - Anhui Linping Circular Development Co., Ltd. is set to undergo a listing committee review on December 11, marking a significant step towards entering the capital market with an IPO aimed at raising 1.2 billion yuan for two major projects focused on green and intelligent manufacturing materials [1] Group 1: Company Overview - The company specializes in the research, production, and sales of corrugated paper and boxboard products, recognized as a high-tech enterprise with independent research and innovation capabilities [1] - Linping Development has evolved into a resource utilization enterprise integrating waste paper recycling, cogeneration, and green papermaking [1] Group 2: Business Model and Operations - The company has established a stable R&D, procurement, production, and sales model, ensuring continuous profitability [2] - In R&D, the focus is on low-weight corrugated paper and boxboard product design, energy-saving processes, and advanced clean production techniques, leading to multiple core technologies and patents [2] - The procurement system is robust, with a complete supply chain management process, ensuring a steady supply of raw materials and price transparency [2] - The production model is based on sales-driven production, allowing for flexible inventory management and quick delivery [2] - The company has established stable partnerships with well-known domestic enterprises, aligning its business model with industry trends [2] Group 3: Financial Performance - The company reported revenues of 2.878 billion yuan, 2.799 billion yuan, 2.485 billion yuan, and 1.224 billion yuan for the respective years, with net profits of 154.47 million yuan, 211.59 million yuan, 152.86 million yuan, and 91.42 million yuan [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 127.60 million yuan, 204.60 million yuan, 166.33 million yuan, and 91.29 million yuan for the same periods [3] - The company has a strong focus on environmental protection, having built advanced wastewater treatment facilities and achieving recognition as a "Clean Production Demonstration Enterprise" and "Green Factory" [3] Group 4: Market Position and Future Outlook - Linping Development ranks among the top 30 paper manufacturers in China, producing over 1 million tons annually, placing it in the second tier of the industry [2] - The market is closely watching the outcome of the upcoming listing review, as the company aims to leverage capital markets for further green development [3]