农大科技：拟首发募资4亿元加码腐植酸与生物肥产能 1月19日申购

Group 1 - The company plans to construct a high-efficiency, automated production line for 300,000 tons of humic acid intelligent tower compound fertilizer, with a total investment of 201.26 million yuan, covering an area of 13,680 square meters. The project is expected to achieve an average annual profit of 55.08 million yuan and a net profit of 41.31 million yuan after reaching full production [1] - The company is also implementing a project for a production line of 150,000 tons of bio-fertilizer, with a total investment of 110.03 million yuan, utilizing existing production facilities and advanced equipment. This project aims to enhance the product structure and promote the rapid development of the bio-fertilizer industry in China [1][2] - The company specializes in the research, production, sales, and technical services of new fertilizers and their intermediates, leveraging proprietary technologies such as humic acid activation and controlled-release technology. It has been recognized as a leading manufacturer in the industry, ranking first in the production and sales of coated urea and second in humic acid compound fertilizers from 2020 to 2022 [2][3] Group 2 - The company is conducting an initial public offering (IPO) with 16 million shares at a price of 25 yuan per share, aiming to raise a total of 400 million yuan. The expected price-to-earnings ratio is 13.4, with a pre-issue net asset value of 9.43 yuan per share [4] - The company has shown a significant increase in revenue and net profit over the years, with a projected revenue growth rate of 60% for 2024 compared to previous years [6] - The company’s cash flow from operating activities was 128 million yuan in 2024, a decrease of 46.66% year-on-year, while the cash flow from financing activities showed an increase of 58.43 million yuan [21]