Recently, the results of the 18th review meeting of the gem listing Committee in 2022 showed that Liaoning Xinde New Materials Technology Co., Ltd. (hereinafter referred to as "Xinde New Materials") and Jebang Precision Technology Co., Ltd. (referred to as "JGB Technology") were first approved.
Data show that Xinde new materials are mainly engaged in the research and development, production and sales of negative coating materials, and actively expand to the downstream asphalt-based carbon fiber production field. The negative electrode coating material produced by the company is used as a coating agent and binder for the production and processing of negative electrode materials for lithium batteries to improve the product performance of negative electrode materials.
Xinde Xincai IPO investment project investment plan (unit: ten thousand yuan)
According to the latest prospectus, the number of shares to be issued by Xinde New Materials IPO does not exceed 17 million shares, and accounts for no less than 25% of the total share capital after the issue, raising 650 million for the annual production of 30,000 tons of carbon materials industrialization upgrading project (471 million yuan), R & D center project (79 million yuan), supplementary liquidity (100 million yuan).
According to reports, through the implementation of the industrialization upgrading project of carbon materials with an annual output of 30,000 tons and the construction project of the R & D center, the existing production scale and R & D capacity of Xinde New Materials will be greatly improved, and the operational efficiency will also be continuously improved. market competitiveness in the field of lithium batteries and carbon fiber will be significantly enhanced.
In terms of market, Xinde New Materials closely follows the development process of downstream customers' new anode materials, develops matching coating materials, and establishes a long-term and stable cooperative relationship with downstream customers. The main customers cover well-known manufacturers of lithium battery anode materials, including Jiangxi Zichen (a wholly owned subsidiary of Pu Tailai), Shanshan shares, Betteri, Kaijin Energy, Xiang Fenghua and so on.
It is worth paying attention to that Xinde New Materials not only meets the needs of existing major customers, but also continues to open up new customers. at present, the company's capacity utilization rate is close to full capacity operation, and after the fund-raising projects reach production in the future, it will be able to better meet the needs of new customers for negative coating materials.
In terms of performance, in 2021, Xinde Xincai achieved revenue of 492 million yuan, an increase of 80.88% over the same period last year, while the net profit belonging to the owner of the parent company was 138 million yuan, up 41.05% from the same period last year. In 2021, the company's operating income and net profit increased significantly compared with the same period last year, mainly due to an increase in the demand for negative coating materials, which led to a substantial increase in the company's operating income level. The company sold more negative coating materials in 2021. The company has a good dominant position in this product, and the gross profit margin is relatively high. At the same time, the company focuses on cost optimization and gradually expands the company's production capacity. As a result, the level of net profit attributed to the owner of the parent company has greatly improved compared with the same period last year.
Xinde Xincai expects revenue of 148 million yuan to 158 million yuan in the first quarter of 2022, up 30.72% and 58.86% year on year. Net profit belonging to the owner of the parent company is 28 million yuan to 31 million yuan, down 8.58% to 19.16% from the same period last year.
Xinde Xincai explained that net profit is expected to decline in the first quarter of 2022 compared with the same period last year, mainly because: since 2022, due to changes in the international situation, oil prices have risen rapidly, and the unit prices of ethylene tar and Gumaron resin have increased by more than 50%, resulting in an increase in the cost of issuers' products. In the first quarter of 2022, the issuer's silicon-carbon negative coating material research and development team and the liquid negative coating material research and development team in Dalian Science and Technology Innovation Park of the Chinese Academy of Sciences respectively increased R & D investment, resulting in an increase of about 3.3 million yuan in R & D expenses; the issuer increased investment in fund-raising projects, resulting in an increase in financial expenses of about 1.4 million yuan.
As a customized service provider for the production of precision functional parts and structural components, Jebbon Technology, which was first approved together with Xinde New Materials, can provide customers with a series of services, including product design and development, material selection and verification, mold design, trial production, testing, mass production and so on. After years of development, the company's precision functional parts and structural components have changed from protective functional parts to traditional precision functional parts to flexible composite precision functional parts and metal precision functional structural components. The products are mainly used in tablet computers, notebook computers, all-in-one computers, smart home, 3D printing, drones and other consumer electronic products.
At the same time, Gibbon technology is also extending to the field of new materials, developing carbon nanotube products with comparative advantages in mechanics and electrical conductivity, which are mainly used in the field of lithium batteries.
According to the latest prospectus of Gibbon Technology, the number of shares to be issued by the company's IPO will not exceed 18.1 million shares, accounting for no less than 25.00% of the total number of shares of the company after the issuance. 550 million yuan will be raised for high-precision electronic functional structure production base construction projects (352 million yuan), R & D center construction projects (98 million yuan), and supplementary liquidity (100 million yuan).
In terms of customers, Gibbon Technology has been certified as a qualified supplier by well-known terminal brand manufacturers such as Apple, Google and SONOS, and its direct customers mainly include Foxconn, BYD, Flextronics, Lance Technology, Quanta computer, Compal computer, Kecheng Technology and other well-known manufacturing service providers or component manufacturers.
In terms of performance, Jiabang Technology achieved revenue of 1.001 billion yuan in 2021, an increase of 16.88% over the same period last year, while the net profit belonging to shareholders of the parent company was 95.5714 million yuan, an increase of 36.9% over the same period last year. According to preliminary estimates, the company expects revenue of 230 million yuan to 250 million yuan in the first quarter of 2022, down 10.11% and 2.29% from the same period last year; net profit belonging to shareholders of the parent company is 20 million yuan to 25 million yuan, down 40.74% and 25.92% from the same period last year.
Battery net noted that because the financial information recorded in the IPO application has expired and needs to be supplementary submitted, its gem IPO audit status has been changed to "suspended".
