【上交所IPO】林平发展今起招股 1月30日申购

Core Viewpoint - Linping Development is planning to publicly issue 18.8537 million shares, all of which are new shares, resulting in a total share capital of 75.4148 million shares after the issuance [1]. Group 1: Company Overview - Linping Development primarily engages 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]. - The company has evolved into a resource comprehensive utilization enterprise, integrating waste paper recycling, cogeneration, and green paper-making [1]. - The company emphasizes its commitment to social responsibility while pursuing economic development [1]. Group 2: Development Strategy - Linping Development has been advancing a dual-driven development strategy of "green manufacturing + circular economy," focusing on resource efficiency and environmentally friendly operations [2]. - The company aims to promote clean production, continuous innovation, and management enhancement, leveraging its advantages in research, technology, equipment, and supply chain [2]. - The goal is to achieve a synergistic relationship between economic benefits and social benefits through the development of a green low-carbon circular economy [2]. Group 3: Product Quality and Recognition - The company has gained market recognition for its stable product quality, with its "Linping" trademark awarded the title of famous Chinese trademark and Anhui Province's famous trademark [3]. - Linping Development has received multiple honors, including being listed among the "Top 100 Private Manufacturing Enterprises in Anhui Province" and "Top 50 Private Enterprises in Tax Contribution" [3]. - The company has invested in new technologies and equipment to enhance product quality, production efficiency, and automation levels, thereby reducing production costs [3]. Group 4: Financial Data - As of June 30, 2025, the total assets of the company amounted to 2,547.8443 million yuan, with equity attributable to shareholders of the parent company at 1,436.5221 million yuan [10]. - The company reported a revenue of 1,223.7945 million yuan for the first half of 2025, with a net profit of 91.4190 million yuan [10]. - The asset-liability ratio stood at 43.62% as of June 30, 2025, showing a decrease from 49.56% in 2022 [10]. Group 5: Revenue Composition - The revenue from corrugated paper accounted for 28.51% of total revenue in the first half of 2025, while boxboard contributed 71.49% [9]. - In 2024, corrugated paper and boxboard revenues were 28.97% and 71.03% of total revenue, respectively [9]. - The total revenue for 2023 was 2,785.0602 million yuan, with boxboard making up 68.70% of the revenue [9].