Zhitong Financial and Economic APP News, Cheung Kong Materials (001296.SZ) issued a letter of intent for an initial public offering of shares. The company intends to issue 20.55 million shares in the initial public offering. After the completion of the issue, the number of shares issued by the public accounts for no less than 25% of the total number of shares after the issue, and the total share capital after the issue is 82.1994 million shares. The initial inquiry and recommendation date for this issue is November 18, 2021, and the application date for online and offline issuance is November 24, 2021.
The issuer is a domestic large-scale professional supplier of film-coated sand and waste (old) sand resource solution provider, with the following capabilities: raw sand mining and processing, foundry film-coated sand, sand core and foundry auxiliary materials production, foundry waste (old) sand recycling technology and equipment R & D and production, fracturing proppant production. It has formed the integrated service advantages of self-sufficiency of raw materials, production and extension manufacturing, and recycling of foundry waste (old) sand.
It is reported that the net profits attributed to the owners of the parent company in 2018,2019 and 2020 are 92.4088 million yuan, 104 million yuan and 120 million yuan respectively. Combined with the company's operating results and orders in hand from January to September 2021, the company expects its operating income to be 881 million yuan to 949 million yuan in 2021, an increase of-6.87% to 0.36% over the same period last year. The net profit attributed to the shareholders of the parent company is expected to be 98.97 million yuan to 115 million yuan, down 3.43% to 17.24% compared with the same period last year. It is estimated that after deducting non-recurring profits and losses, the net profit attributed to the shareholders of the parent company is 91.9 million yuan to 107 million yuan, down 4.20% and 17.86% from the same period last year.
After the funds raised by the company are in place, it will be used to invest in the following projects: 136 million yuan for Chongqing Yangtze River Molding material Group Tongliang Co., Ltd. "Environmental Protection coated Sand production and Foundry waste Sand Recycling Resource Project"; 75 million yuan for Shiyan Yangtze River Molding Materials Co., Ltd. "Environmental Protection coated Sand production and Recycling recycled Sand treatment Project" 109 million yuan for Chongqing Changzhou Yangtze River molding material Changzhou Co., Ltd. "newly built annual sand core production project of 72000 tons and CCATEK environmental protection coated sand 79200 tons"; 88 million yuan for Chongqing Yangtze River molding material (group) Xiantao Co., Ltd. "Environmental protection coated sand and foundry waste sand recycling project"; 46.5 million yuan for supplementary working capital.