Core Viewpoint - Anhui Linping Circular Development Co., Ltd. has officially listed on the Shanghai Stock Exchange, marking a significant milestone for the company in the packaging paper industry [2][4]. Group 1: Company Overview - Established in 2002, Linping Development specializes in the research, production, and sales of corrugated paper and boxboard, with products widely used in logistics and packaging [2][4]. - The company has gained recognition in the circular paper industry, with its "Linping" trademark awarded as a famous Chinese trademark and its high-grade A-level coated corrugated paper recognized as an Anhui famous brand product [4]. Group 2: Production Capacity and Financial Performance - In 2024, Linping Development's total paper output is projected to reach 1.0197 million tons, placing it among the top 30 paper enterprises in China [4]. - The company's revenue for 2022, 2023, and 2024 is reported as 2.879 billion yuan, 2.800 billion yuan, and 2.485 billion yuan, respectively, with net profits of 154 million yuan, 212 million yuan, and 153 million yuan [4]. - Following a period of low-price competition, the company anticipates a return to strong growth in 2025, with expected revenue between 2.640 billion yuan and 2.780 billion yuan, representing a year-on-year growth of 6.23% to 11.87% [4]. Group 3: Future Projects and Investment - The IPO proceeds will be allocated to two major projects: a 900,000-ton green and intelligent manufacturing new materials project (Phase II) and a 600,000-ton bio-based fiber green intelligent manufacturing new materials project [5]. - Upon completion, these projects will enable the production of 300,000 tons of corrugated paper and boxboard annually, significantly enhancing the company's production capacity and addressing current capacity bottlenecks [7].
林平发展主板上市！募资建60万吨生物基纤维项目