Net profit in 2021 exceeds 1.6 billion yuan, Xinjiang Lanshan Tunhe hits IPO
Latest News: Recently, the Shenzhen Stock Exchange officially accepted the IPO materials of Xinjiang Lanshan Tunhe Technology Co., Ltd., and the company plans to be listed on the Shenzhen Stock Exchange’s Growth Enterprise Market.
Lanshan Tunhe takes the integrated industrial chain of fine chemicals and high-end chemical new materials as its main business.
A series of biodegradable materials/PBT/PTMEG/TPEE” upstream and downstream integrated industrial chain, the product line covers fine chemical basic raw materials, biodegradable materials, new chemical materials and new energy-saving and environmentally friendly building materials.
Through years of development, the company has established a good reputation in the industry with stable product quality. During the reporting period, the company’s main business income was 2,367,835,800 yuan and 2,839,158,000 yuan respectively
RMB 6,517,931,200 and RMB 6,517,931,200.
According to the prospectus, the company’s net profits in 2019, 2020 and 2021 were -133 million yuan, 12 million yuan and 1.646 billion yuan respectively.
Relying on Xinjiang’s advantageous resources, the company has been closely following the development direction of high-end and green development over the years, and the industrial scale has continued to expand. The company’s BDO production capacity is 208,000 tons per year, which is in the forefront of the country. As the earliest layout biological descending
It is one of the domestic enterprises in the solution of materials. The company has a comprehensive production capacity of 125,000 tons/year of PBS series biodegradable materials and PBT resin, leading the industry.
At present, BDO and PBAT are both sweet and sweet in the capital market, especially BDO products are very profitable. Xinjiang Lanshan Tunhe Technology Co., Ltd. has a production capacity of 200,000 tons of BDO and a production capacity of 128,000 tons of PBAT/PBS, which is a domestic leader. The supplier of PBS series fully biodegradable materials also took this opportunity to seek A-share listing.
According to the document “Changji Prefecture’s Three-Year Action Plan for Promoting Enterprise Listing (2021-2023)” released in 2021, it is clearly stated that in the next three years, Changji Prefecture will focus on cultivating 13 companies to be listed, and Lanshan Tunhe ranks among the 13 one.
Lanshan Tunhe was established in February 2008. It is a national high-tech enterprise with new chemical materials as its leading industry. In 2021, it will achieve operating income of 6.5 billion yuan, with total assets exceeding 10 billion yuan at the end of the period. It has more than 2,800 employees and scientific research. The staff accounts for 20%, and it has undertaken more than 80 national and autonomous region-level technological innovation projects, and has 157 patents, including 46 invention patents.
The company has jurisdiction over important subsidiaries such as Xinjiang Lanshan Tunhe Energy Co., Ltd., Xinjiang Lanshan Tunhe Polyester Co., Ltd., Xinjiang Lanshan Tunhe New Materials Co., Ltd., Xinjiang Lanshan Tunhe Profile Co., Ltd. PBS series biodegradable materials/PBT/PTMEG/TPEE” upstream and downstream integrated industrial chain, with a comprehensive production capacity of 770,000 tons/year.