Core Viewpoint - Dongfang Measurement and Control has submitted its IPO application to the Sci-Tech Innovation Board, aiming to raise 1.1 billion yuan for the smart mining sector, leveraging multiple core technologies to provide intelligent online detection and analysis equipment, intelligent control systems, and related services [1][2]. Company Overview - Established in 1995, Dongfang Measurement and Control is a high-tech enterprise providing intelligent online detection and analysis equipment, intelligent control systems, and related services across various industries, including non-ferrous and ferrous metal mining, coal, cement, metallurgy, wind power, and petrochemicals [4]. - The company serves over 100 major state-owned and private enterprises, including China Energy Group, State Power Investment Corporation, China National Building Material Group, and China Minmetals Corporation [4]. Financial Performance - For the reporting period from 2022 to mid-2025, the company achieved revenues of 603 million yuan, 521 million yuan, 567 million yuan, and 211 million yuan, with net profits of 93 million yuan, 75 million yuan, 73 million yuan, and 4.3 million yuan after deducting non-recurring gains and losses [5]. IPO Fund Utilization - The IPO proceeds of 1.1 billion yuan will be allocated to three main areas: production, research and development, and sales. Key projects include: - Industrialization of intelligent online analysis instruments and control systems to enhance application and production capabilities [6]. - Upgrading the R&D center to improve efficiency and maintain a technological edge [6]. - Establishing a sales service center to enhance marketing and customer service capabilities [6]. Industry Context - The IPO coincides with a rapid development phase for the smart mining industry, driven by national policies aimed at enhancing safety and resource security in mining operations [8]. - Recent government initiatives, such as the "14th Five-Year Plan for Intelligent Manufacturing Development," have set clear goals for the development of intelligent detection equipment, providing a supportive policy environment for the industry [8]. Market Potential - The smart mining sector is entering a high-growth phase, with projections indicating that the market could exceed 2.4 trillion yuan by 2030, with an annual compound growth rate of over 15% [8]. - Dongfang Measurement and Control has successfully developed key technologies in the smart mining field, being the only company in China to master neutron activation online detection technology and achieve large-scale industrialization [8]. - As of mid-2025, the company holds 203 patents, including 49 invention patents, with several technologies recognized as internationally leading by authoritative organizations [8].
IPO获受理!国产智能在线分析仪器厂商募资11亿
仪器信息网·2025-12-30 09:02