化工巨头海湾化学重启IPO 曾拟募资30亿进军环氧树脂产业

Core Viewpoint - Qingdao Gulf Chemical Co., Ltd. has announced the initiation of its IPO guidance with CITIC Securities as the advisory institution, marking its second attempt at going public [2] Group 1: Company Overview - Qingdao Gulf Chemical was established on September 15, 1999, with a registered capital of 143.62 million yuan [3] - The controlling shareholder is Qingdao Gulf Group Co., Ltd., holding a 62% stake [4] - The company specializes in chlor-alkali chemicals, organic chemical raw materials, polymer materials, and inorganic silicon products, with a comprehensive production and sales model [7] Group 2: IPO History - The company previously applied for an IPO on the Shanghai Stock Exchange in December 2022, aiming to raise 3 billion yuan for various projects, including a green circular economy project and expansions in epoxy resin and chlorinated ethylene production [5][8] - The IPO application was withdrawn in June 2025 due to changes in market conditions, leading to the termination of the review process by the Shanghai Stock Exchange [4][5] Group 3: Business Performance - Gulf Chemical has established production capacities of 850,000 tons/year for ethylene-based PVC, 500,000 tons/year for styrene, 200,000 tons/year for polystyrene, and 555,000 tons/year for caustic soda [8] - The company reported revenues of 6.05 billion yuan, 13.03 billion yuan, and 6.96 billion yuan for the years 2020, 2021, and the first half of 2022, respectively, with net profits of 301 million yuan, 2.08 billion yuan, and 1.01 billion yuan during the same periods [8]