2023, the Shenzhen Stock Exchange issued the listing audit information, which showed that Jiangsu Zhongrun Solar Energy Technology Co., Ltd. Shangfeng invested 50 million yuan in Suzhou Puda Venture Capital Partnership (Limited Partnership) (hereinafter referred to as "Suzhou Puda") (the company holds 99.70% of its investment share), a private equity investment fund established in cooperation with professional institutions, to hold 0.63% of the equity of Zhongrun Solar Energy before the issuance. This is also another company that has been accepted to apply for IPO in Shangfeng Equity Investment after Hefei Jinghe Integration. According to
the prospectus, Zhongrun Solar focuses on the R & D, production and sales of high-efficiency solar cells. According to PVInfoLink statistics, its cell shipments ranked fourth in the world in 2022. By the end of 2022, Zhongrun Solar Energy has a cell production capacity of 24 GW, and it is expected that its cell production capacity will expand to more than 50 GW by the end of 2023. With excellent product quality, Zhongrun Solar has established close cooperation with downstream leading component manufacturers such as JinkoSolar, JA Technology, Trina Solar, Longji Green Energy, Atlas, Sunny Energy and Yingli Energy to help customers continue to create value. From 2020 to 2022, the compound growth rate of operating income of Zhongrun Solar will reach 122.61%; The net profit attributable to the shareholders of the parent company increased from RMB112,203,600 in 2020 to RMB830,057,300 in 2022.
Zhongrun Solar plans to issue no more than 40.01 million shares in this IPO, which is not less than 10% of the total share capital after the issuance. The project invested by the raised funds will be carried out around its main business, which will further expand the scale of the main business, optimize the product structure of the company and enhance the market competitiveness of the company. Since the release of the "one main and two wings" strategy
, Shangfeng Cement has been based on cement and "cement plus", continuously extending and expanding the industrial chain, focusing on the fields of chip semiconductor, optical storage, new energy and new materials. It has invested about 1.3 billion yuan in Hefei Crystal Integration, Changxin Storage (Ruili Integration), Guangzhou Yuexin, Kunyu Power Supply, Zhongrun Light Energy, Pilot Materials and Shenghe Crystal Micro. The development, growth and circulation of a series of equity investment projects will play an important role in promoting the optimization of the company's capital structure and the enhancement of its comprehensive competitiveness.