Core Viewpoint - Linping Development Co., Ltd. has successfully listed on the Shanghai Stock Exchange, with a closing price of 58.93 yuan, reflecting a significant increase of 55.57% on its first day of trading, and a total market capitalization of 4.444 billion yuan [1]. Company Overview - Linping Development specializes in the research, production, and sales of corrugated paper and boxboard products, recognized as a high-tech enterprise with independent research and innovation capabilities [2]. - The company's controlling shareholder is Li Jianshe, who holds 84.86% of the shares directly and controls an additional 3.54% indirectly, totaling 88.40% of the voting rights [2]. Financial Performance - For the first half of 2025, Linping Development reported operating revenue of 122,379.45 million yuan and a net profit of 9,141.90 million yuan [6][7]. - The company’s revenue and net profit have shown fluctuations over the years, with a notable decline in net profit in 2024 compared to 2023 [6][7]. - In the first nine months of 2025, the company achieved an operating revenue of 192,837.15 million yuan, a year-on-year increase of 2.79%, while net profit decreased by 11.86% [8]. Fundraising and Investment Projects - Linping Development raised a total of 714.18 million yuan from its IPO, with a net amount of 624.09 million yuan after deducting issuance costs, which was significantly lower than the planned 1.2 billion yuan [4]. - The funds are intended for two major projects: an annual production of 900,000 tons of green and intelligent manufacturing new materials and an annual production of 600,000 tons of bio-based fiber green intelligent manufacturing new materials [4][5]. Future Projections - The company forecasts its operating revenue for 2025 to be between 2.64 billion yuan and 2.78 billion yuan, representing a growth of 6.23% to 11.87% year-on-year [9][10]. - The projected net profit for 2025 is expected to be between 180 million yuan and 200 million yuan, indicating a growth of 17.76% to 30.84% [9][10].
林平发展上市募7亿首日仅涨55.6% 营收连降两年后反弹