福恩股份深交所IPO提交注册 已成为国内服装用再生面料的龙头企业

Core Viewpoint - Fuen Co., Ltd. has applied for IPO review status change to "submitted for registration" on the Shenzhen Stock Exchange, aiming to raise 1.25 billion yuan for sustainable development projects in the eco-friendly fabric sector [1]. Group 1: Company Overview - Fuen Co., Ltd. was established in January 1997 and focuses on sustainable development as a global supplier of eco-friendly fabrics, integrating design, research, spinning, weaving, dyeing, finishing, and sales [1]. - The company is a leading domestic producer of recycled fabrics, primarily using a self-production model supplemented by outsourcing [1]. - Fuen Co. operates under an "order-based production" model to meet diverse customer needs effectively, with production bases in Hangzhou, Nantong, and Vietnam [1]. Group 2: Client Relationships - Fuen Co. serves major domestic and international clothing brands, including H&M, Uniqlo, GU, ZARA, and others, holding significant positions in their supply chains [2]. - The company is recognized as the largest supplier of recycled blended fabrics for H&M and Uniqlo, receiving accolades such as the Gold Supplier Award from H&M [2]. Group 3: Fundraising and Financial Performance - The IPO proceeds will be allocated to projects including the development of recycled eco-friendly fabrics and a high-end recycled materials research institute, with total investments planned at approximately 1.27 billion yuan [3]. - Fuen Co. has shown stable financial performance, with revenues of 1.764 billion yuan in 2022, projected to be 1.517 billion yuan in 2023, and 1.813 billion yuan in 2024 [3]. - The net profit for the same years is reported as 277 million yuan, 229 million yuan, and 275 million yuan respectively, indicating a consistent profitability trend [3]. Group 4: Financial Metrics - As of December 31, 2022, total assets were approximately 1.334 billion yuan, with equity attributable to shareholders at around 547 million yuan [4]. - The company's asset-liability ratio has improved from 61.04% in 2022 to 42.26% in 2025, reflecting better financial health [4]. - The basic earnings per share were reported at 1.31 yuan for 2023, with a projected increase to 0.60 yuan for the first half of 2025 [4].