Another Photovoltaic "Little Giant" IPO Meeting

On August 1, the results of the 39th review meeting of the Beijing Stock Exchange Listing Committee in 2023 were released, and Yang Dehuan successfully passed the meeting in accordance with the issuance conditions, listing conditions and information disclosure requirements. According to

the public data, the main business of Yangde Environmental Energy is the comprehensive utilization of low concentration gas, distributed photovoltaic power generation , distributed natural gas heating and other projects. It is a small and medium-sized enterprise specializing in Beijing, a "Little Giant" specializing in Beijing and a "Little Giant" specializing in Beijing at the national level.

According to the prospectus, the company intends to issue no more than 50 million shares (without considering the over-allotment option) and no more than 57.5 million shares (including the shares issued by exercising the over-allotment option) on the Beijiao Stock Exchange, and to raise about 185 million yuan in the IPO. It is used for gas power station construction and operation projects, R & D center construction projects, repayment of loans from financial institutions and replenishment of liquidity. Yangdehuanneng's performance has remained stable in

the past three years. From 2020 to 2022, the company's revenue is 301 million yuan, 332 million yuan and 343 million yuan respectively, and the net profit attributable to the parent company is 65.67 million yuan, 71.05 million yuan and 71.32 million yuan respectively.