Recently, Wuhan Changli New Material Technology Co., Ltd. submitted its initial public offering prospectus (declaration). Changli New Material intends to launch an IPO on the Shanghai Stock Exchange. The number of ordinary shares (a shares) to be issued this time will not exceed 79.1 million shares, and it is expected to raise funds of RMB 5.031 billion. For the following 5 projects: Changli Guangxi Silicon Science and Technology Industrial Park Project Phase I, Changli Beihai R & D Center Project, Wuhan R & D Center Construction Project, Changli Hannan Glass Processing Center Technical Transformation Project, and Supplementary Working Capital Project.
Wuhan Changli New Material is engaged in the research and development, production and sales of glass products. Its main products include float glass, coated glass, photovoltaic glass and other deep-processed glass. It is one of the top ten manufacturers of float glass in China and the largest manufacturer of Low-E coated glass in central China. The company has accumulated rich experience in multi-line control technology of super-large tonnage one kiln and glass forming control technology, and led the research and development of "high-efficiency and energy-saving super-large tonnage float one kiln two-line multi-variety precise control technology and complete equipment development" project, which has reached the international leading level and won the first prize of Hubei Science and Technology Progress Award.
In 2019, 2020, 2021 and the first half of 2022, the total revenue of Changli New Material Company was RMB 2.24 billion, RMB 2.31 billion, RMB 3.4 billion and RMB 1.4 billion respectively, and the net profit attributable to the parent company was RMB 350 million, RMB 370 million, RMB 1.06 billion and RMB 180 million respectively.