On October 29, Hubei Zhongyi Science and Technology Co., Ltd. (hereinafter referred to as "Zhongyi Science and Technology" or "the Company") was approved by the gem listing Committee and will be listed on the gem of the Shenzhen Stock Exchange.
According to the prospectus, this time IPO, No. 1 Science and Technology plans to raise 715.7784 million yuan, which will be used for the production and construction of 10000 tons of high-performance electronic copper foil, the construction of technology research and development center, supplementary liquidity and other projects.
Data show that Zhongyi Science and Technology was founded in 2007, mainly engaged in all kinds of single-sided and double-sided light high-performance electrolytic copper foil series product research and development, production and sales, under the jurisdiction of Yunmeng, ANLU two major electrolytic copper foil production bases.
Since 2017, Zhongyi Science and Technology has gradually mastered the production technology of 6 μ m ultra-thin lithium copper foil and achieved high-quality and large-scale production. at present, 6 μ m lithium copper foil has become the company's main product. On this basis, the company actively explores the technological frontier and has mastered the production technology of 4.5 μ m extremely thin lithium copper foil. It is expected that the extremely thin lithium copper foil will become one of the company's core products in the future.
In terms of customers, Zhongyi Science and Technology realized small batch supply in Ningde era in June 2019 and began batch supply in August 2019. With the continuous improvement of the concentration of the downstream power battery industry, the company's proportion of sales revenue in Ningde era has gradually increased. At present, Ningde era has become the company's largest customer. From January to June in 2019, 2020 and 2021, Zhongyi Science and Technology sold 58.992 million yuan, 415 million yuan and 450 million yuan of lithium copper foil to Ningde era, accounting for 7.1%, 35.46% and 46.93% of its revenue, respectively.
In terms of production capacity, in the first half of this year, the copper foil production capacity of No. 1 Science and Technology was 9750 tons and the output was 10557.52 tons. Due to the further improvement in the rate of quality products, the utilization rate of capacity rose to 108.28%. The company's fund-raising investment project "annual output of 10000 tons of high-performance electronic copper foil project" is divided into two phases: "annual production and construction project of 5000 tons of high-performance electronic copper foil (fourth phase)" and "annual production and construction project of 5000 tons of high-performance electronic copper foil (fifth phase)".
In terms of performance, from 2018 to 2020 and from January to June 2021, Secondary one technology revenue was 602 million yuan, 831 million yuan, 1.17 billion yuan and 959 million yuan respectively, and the net profit was 65.88 million yuan, 40.74 million yuan, 124 million yuan and 191 million yuan respectively. Among them, in the first half of this year, the revenue of lithium copper foil in No. 1 Science and Technology was nearly 530 million yuan, accounting for 55.32% of the operating income.
In addition, No.1 Science and Technology expects revenue from January to September 2021 to reach 1.5 billion yuan to 1.55 billion yuan, an increase of 92.49% to 98.91% over the same period last year, and an estimated net profit of 270 million yuan to 290 million yuan, an increase of 299.3% and 328.88% over the same period last year.
