On December 8, the website of the China Securities Regulatory Commission disclosed the "reply on approval for the registration of the initial public offering of Anhui Tongguan Copper foil Group Co., Ltd.". The China Securities Regulatory Commission approved the application for registration of the initial public offering of shares of Copper Guan Copper foil and listing on the gem. In the next step, the company will do a good job in issuing new shares and listing, and is expected to be listed on the gem of the Shenzhen Stock Exchange in January next year. At that time, the company will become the first company in Anhui Province to be spun off and listed on the stock market.
Since the beginning of this year, with the continuous growth of terminal consumer demand in downstream consumer electronics, new energy vehicles, industrial control, communications and other areas, the company has seized the opportunity to carefully organize production and speed up order delivery. From January to November, the company's copper foil output completed 104% of the annual planned task, completed the annual production task one month ahead of schedule, sales revenue increased by 72%, benefit increased by 484%, and production, sales, sales revenue and profits all reached an all-time high, laying a solid foundation for a good start to the 14th five-year Plan.
While doing a good job in production and operation, the company also speeds up the construction of the project. Tongling Phase II 10, 000-ton project has been successfully started and is expected to be completed and put into production by the end of next year, when the company will have the capacity to produce 55000 tons of all kinds of high-precision electronic copper foil per year.
At the just-concluded 2021 World Manufacturing Congress, the company promoted its exhibits as a leading technology in the copper foil industry. The company has been awarded four consecutive "Top 50 in China Electronic Materials Industry" and "Top 10 Electronic Copper foil Professionals".
In terms of scientific and technological innovation, the company's major provincial science and technology projects have passed expert acceptance this year; the cooperation project with Jiangxi University of Technology, "Research and Development and Industrial Application of key Technologies of High-performance 5G Electronic Copper foil for Communication", has been identified as reaching the international advanced level through the evaluation of scientific and technological achievements organized by the China Nonferrous Metals Association. This year, five patents for inventions and five patents for utility models have been authorized.
