Core Viewpoint - Changjiang Energy Technology Co., Ltd. has received approval for its initial public offering (IPO) on the Beijing Stock Exchange, focusing on specialized pressure vessel equipment for the energy and chemical industry [1] Company Overview - The company primarily engages in the design, research and development, manufacturing, and servicing of specialized pressure vessels for the energy and chemical sectors, including equipment for oil and gas field development and refining [1] - Key products include electro-deionization equipment, electro-dehydration equipment, separation equipment for crude oil pretreatment, and other oilfield surface engineering pressure vessels [1] Financial Performance - Revenue for the years 2022 to 2024 is projected to be 219 million yuan, 348 million yuan, and 314 million yuan respectively, indicating a decline of 9.77% in 2024 [1] - Net profit for the same period is expected to be 40.68 million yuan, 40.85 million yuan, and 49.16 million yuan, showing a year-on-year growth of 20.34% in 2024 [1] - The company aims to raise funds for projects including the production of 1,500 tons of heavy special materials and 4,500 tons of oil and gas engineering equipment, as well as the establishment of a research and development center [1] Key Financial Metrics - Revenue (2024): 31.40 million yuan, down from 34.80 million yuan in 2023 and up from 21.91 million yuan in 2022 [1] - Net profit attributable to shareholders (2024): 4.92 million yuan, compared to 4.09 million yuan in 2023 and 4.07 million yuan in 2022 [1] - Basic earnings per share (2024): 0.45 yuan, consistent with 0.38 yuan in 2023 and 2022 [1] - Weighted average return on equity (2024): 15.12%, slightly down from 14.36% in 2023 and 15.86% in 2022 [1] - Net cash flow from operating activities (2024): 83.48 million yuan, a significant increase from 11.64 million yuan in 2023 and 52.67 million yuan in 2022 [1]

Group 1 - Three companies are set to present their IPO applications, with 恒坤新材 planning to list on the Sci-Tech Innovation Board, while 长江能科 and 泰凯英 aim for the Beijing Stock Exchange [1][2] - 恒坤新材 is expected to raise the most funds, with a target of 1.007 billion yuan, which will be allocated to advanced materials for integrated circuits and a second phase project for integrated circuit precursors [1][3] - 泰凯英 and 长江能科 plan to raise 390 million yuan and 160 million yuan respectively, with 泰凯英 focusing on mining and construction tires, and 长江能科 specializing in pressure vessel equipment for the energy and chemical industry [1][3] Group 2 - 恒坤新材's products are essential materials for the production of advanced NAND and DRAM storage chips, as well as logic chips at 90nm technology nodes and below [2] - 泰凯英's main business includes the design, research and development, sales, and service of tires for mining and construction [3] - 长江能科's products are widely used in oil and gas field development, refining, and marine engineering, including equipment for oil pre-treatment and other surface engineering applications [3]