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02260 VANOV HOLDINGS
1.030+0.020+1.98%
Trading Session
02/09 10:54 CCT
High
1.030
Open
1.030
Turnover
4.12K
Low
1.030
Pre Close
1.010
Volume
4.00K
Price Forecast
News
Comment
Vanov Holdings Reports $2.1 Million First Half Profit
08:41 AM EDT, 09/23/2022 (MT Newswires) -- Vanov Holdings (HKG:2260) reported profit attributable to the company's owners of 15.1 million Chinese yuan ($2.1 million) in 2022 first half, up from 14.1 m
VANOV HOLDINGS: interim report 2022
VANOV HOLDINGS: interim results announcement for the six months ended June 30, 2022
VANOV HOLDINGS: annual report 2021
VANOV HOLDINGS: annual results announcement for the year ended December 31, 2021
VANOV HOLDINGS: date of board meeting
02260.HK, the "new stock performance", closed down 1.23 yuan throughout the day, only 0.8% higher than its IPO price.
VANOV HOLDINGS (02260.HK) listed on its first day, its share price opened 4.1% higher at 1.27 yuan. in the early stage, the increase expanded to 21%. It closed down 1.23 yuan for the whole day, 1.22 yuan lower than the listing price, up only 1 cent or 0.8%, and 96.972 million shares were traded, involving an investment of 128 million yuan. Huanlong is a manufacturer of papermaking blankets in the mainland. A total of 114.2 million shares have been sold in Hong Kong, and Gong Chaohui, management director of Fuhui Innovation Venture Capital, and Chen Xiong, chairman of Guangdong Kelun Pharmaceutical Co., Ltd., have been introduced as cornerstone investors to subscribe for a total of 32.784 million shares.
"New share performance" VANOV HOLDINGS (02260.HK) closed at 1.26 yuan in half-day, with a high listing price of 3.3%.
VANOV HOLDINGS (02260.HK) today (11th) first quoted 1.27 yuan, 1.22 yuan higher than the listing price, 4.1% higher, the initial stage rose to 1.48 yuan, and then fell back, closing at 1.26 yuan in half-day, 3.3% higher than the listing price, with a half-day turnover of 116 million yuan. Huanlong is a manufacturer of papermaking blankets in the mainland. A total of 114.2 million shares have been sold in Hong Kong, and Gong Chaohui, management director of Fuhui Innovation Venture Capital, and Chen Xiong, chairman of Guangdong Kelun Pharmaceutical Co., Ltd., have been introduced as cornerstone investors to subscribe for a total of 32.784 million shares.
Huanlong (02260.HK), the performance of new shares, opened at 1.27 yuan with a high listing price of 4.1%.
VANOV HOLDINGS (02260.HK) closed at 1.36 yuan in the dark market, closing at 1.26 yuan, with an IPO price 3.3% higher. The stock was first quoted at 1.27 yuan today, up 4.1% from the listing price of 1.22 yuan, and 18.34 million shares were traded before the market. Huanlong is a manufacturer of papermaking blankets in the mainland. A total of 114.2 million shares have been sold in Hong Kong, and Gong Chaohui, management director of Fuhui Innovation Venture Capital, and Chen Xiong, chairman of Guangdong Kelun Pharmaceutical Co., Ltd., have been introduced as cornerstone investors to subscribe a total of 32.784 million shares. 10% of the public offering is about 12.7 times oversubscribed. 15% of the shares are sold within the scope of the IPO (
VANOV HOLDINGS (02260.HK) Closes at $1.26 in Gray Mkt, Up 3.3% vs Listing Price
VANOV HOLDINGS (02260.HK), which is scheduled to debut tomorrow, closed at $1.26 in the gray market, up 3.3% or 4 cents against the listing price, on volume of 11.6 million shares and turnover of $14.
Company Overview
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Sichuan Huanlong Technical Fabric Co., Ltd. is located in Chengdu's Wenjiang Strait Science and Technology Industry Development Park. It is one of the professional suppliers for R&D, production and sales of paper blankets in China; owns two well-known brands of paper blankets; is a qualified high-tech enterprise and has passed the ISO 9001:2015 quality management system certification. Currently, it has two major industrial bases, including Wenjiang in Chengdu and Jinxiong in Shanghai.
The company insists on taking science and technology as the lead, pays great attention to technological investment and technical cooperation, and continuously improves the level of product application research and development on the basis of cutting-edge research on the basic theory of paper blankets. While stabilizing and continuously optimizing the quality of laminated, multi-layer composite papermaking and pressing blankets, we are vigorously developing joint compression blankets, twill weave composite pressing blankets, non-woven pressed blankets, etc. The company's application technology on high-speed paper machines has reached an advanced level, and it has obtained 99 inventions and utility patent technologies, such as “three-layer papermaking blankets without interlaced bottoms”, “paper-making blankets with multi-axial base-mesh rings”, “high-speed high-linear compression oblique joint paper blankets and their production process”, and “multi-axial pressed papermaking blankets for stitching on paper machines”. The Group's “Basenet Multi-axis Lamination Manufacturing Technology Invention” won the honorary title of the China Textile Industry Federation's Science and Technology Progress Second Prize; the “Multi-axial Multi-layer Paper Blanket Key Technology Research and Application” project was assessed by the Sichuan Science and Technology Department in 2017 and won the second prize for scientific and technological progress; in 2017, it won the Product Development Contribution Award from the China Textile Industry Federation.
With the rapid development of the enterprise, the company has fully developed international markets. Overseas business mainly includes Singapore, Brazil, Pakistan, Colombia, India and Uzbekistan. The company creates more value according to “standardized, specialized, and digitized” service standards. The company tailors special materials for pressing, forming, and dewatering for different customers and paper machines. Not only that, the company also provides customers with meticulous customized plans and authoritative full-process professional services: Pre-sales - Professional engineers and technicians will thoroughly understand the working conditions of the customer's paper machine and the special needs of the paper mill, accurately grasp the paper machine's demand for paper blankets, and provide customers with design plans; during sales - to provide customers with regular product use diagnosis and optimization plan reports, conduct professional moisture tests for customers on a regular basis, make effective product adjustments in response to changes in product needs, and provide customers with effective product adjustments in response to changes in product requirements. Provide high-quality products; After-sales - Cultivate a customer service team that specializes in business to provide customers with professional and efficient after-sales service with the aim of “caring service and co-creating value”.
Over the years, Huanlong has had important industry brand influence in the paper industry. Currently, the company is: the vice chairman unit of the China Paper Society, the vice chairman unit of the fourth board of directors of the China Industrial Textiles Industry Association, the vice chairman unit of the Sichuan Paper Society, and the vice chairman unit of the Sichuan Paper Industry Association. The company is also one of the drafting units for China's paper blanket manufacturing industry standards. The “Huanlong” brand owned by the company is a famous trademark in Sichuan Province.
The company is committed to being a world-class supplier of paper blankets, creating new value for improving the operating efficiency of mainstream paper blankets with new paper blanket technology, focusing on technology research and development as the lead, being an expert enterprise, striving to build the largest industrial filter material production base in Asia and a well-known filter material supplier in Asia! The company will expand the wide application and promotion of high-performance new materials in intelligent manufacturing and other fields, and establish a world-class independent high-end brand for industrial filter materials.
CEO： Genlian Shen
Market： Hong Kong motherboard
Listing Date： 01/11/2022
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