Core Viewpoint - The company, Inner Mongolia Shuangxin Environmental Protection Materials Co., Ltd., is set to go public, highlighting its strong performance in the PVA industry despite anticipated revenue declines in the coming years due to market conditions [1][6]. Group 1: Company Overview - Shuangxin Environmental specializes in the research, production, and sales of PVA and its upstream and downstream products, establishing a comprehensive industrial chain [2]. - The company has a production capacity of 130,000 tons of PVA annually and ranks among the top three in the industry for PVA production in 2024 [2]. - The company has maintained a commitment to sustainable development and has established a circular economy industrial chain centered around PVA [2]. Group 2: Financial Performance - The company reported revenues of 5.061 billion yuan in 2022, 3.783 billion yuan in 2023, and projected 3.486 billion yuan in 2024, indicating a decline of 7.85% from 2023 and 31.12% from 2022 [6]. - For the first half of 2025, the company achieved revenues of 1.797 billion yuan, showing a year-on-year increase of 1.81% [1]. - The net profit for 2022, 2023, and projected for 2024 is 808 million yuan, 558 million yuan, and 521 million yuan respectively, indicating strong profitability [6]. Group 3: Market Position and Strategy - The company has established long-term partnerships with influential manufacturers in various sectors, enhancing its market presence [4]. - Shuangxin Environmental's products are exported to over 40 countries, and it has received recognition for its brand in both domestic and international markets [4]. - The company aims to leverage its strategic partnership with Mitsubishi Chemical to penetrate the global high-end supply chain [5]. Group 4: Future Growth and Investment - The company plans to raise 1.865 billion yuan through its IPO, with funds allocated to projects aimed at enhancing production capacity and energy efficiency [7]. - Investment will focus on expanding PVB resin and functional film production, as well as improving energy efficiency in PVA and calcium carbide production [7]. - The company is committed to innovation and aims to become a leading player in the PVA industry, capitalizing on the transition towards low-carbon and green economic practices [8].
双欣环保：2025年上半年实现营收17.97亿元 同比增长1.81%