Yangzhou Chenhua(SZ:300610)2022-12-04 08:22Group 1: IPO and Shareholder Information - The lock-up period for individual shareholders after the IPO is three years, with a shareholding ratio of 66.82% [1] Group 2: Profit Trends - The net profit attributable to shareholders has shown consistent growth from 2013 to 2017, with figures as follows: - 2013: ¥34,949,107.29 - 2014: ¥41,238,227.47 - 2015: ¥46,861,174.96 - 2016: ¥55,512,603.86 - 2017 (Jan-Sep): ¥62,019,528.4 [2] Group 3: Competitive Landscape - The company produces unique products in the surfactant sector, with no other listed companies in China manufacturing alkyl glycosides. In the field of amino-terminated polyethers, only a few listed companies, such as Wuxi AkzoNobel, are involved [2][3] - The main competitors in the silicone rubber industry include Jiangsu Hongda New Materials and Chengdu Silica Technology [3] Group 4: Growth Drivers - The primary growth driver for 2018 is expected to be the rapid production launch of the wholly-owned subsidiary Huai'an Chenhua New Materials, which has invested ¥98.36 million in a production base with an annual capacity of: - 15,000 tons of alkyl glycosides - 13,200 tons of (allyl) polyethers - 10,000 tons of amino-terminated polyethers [3][4] Group 5: Cash Management and M&A Strategy - The company has over ¥200 million in idle funds for cash management, aiming for good investment returns to enhance overall performance and protect shareholder interests. The decision to pursue mergers and acquisitions will be announced promptly if made [4]