Another Photovoltaic Film Company Plans to Sprint GEM IPO Listing

2023-05-29 11:15:34

The company intends to publicly issue no more than 75 million shares.

On May 25, Zhejiang Xiangbang Science and Technology Co., Ltd. disclosed the prospectus (declaration) that the company intends to publicly issue no more than 75 million shares, not less than 10% of the total share capital after the issuance.

The plan is to raise 1.8 billion yuan , of which 970 million yuan will be used for the company's " annual production of 300 million square meters of film construction project ", and the remaining 830 million yuan will be used to supplement the company's liquidity. According to

the data, Xiangbang Technology is a high-tech enterprise engaged in the research and development, production and sales of photovoltaic film with the development direction of "new materials help new energy". The company has been working in the field of photovoltaic film for 15 years. From

2020 to 2022, Xiangbang Science and Technology realized business income of 645 million, 1.017 billion and 2.449 billion respectively, with an average annual compound growth rate of 94.90%; Among them, the sales revenue of POE film was 527 million yuan, 876 million yuan and 1.775 billion yuan respectively, accounting for 82.01%, 87.07% and 73.01% of the current main business income. During the same period, the net profit after deduction of non-profits was RMB64.5362 million, RMB85.0626 million and RMB140 million, respectively, achieving a double development of revenue and profit during the reporting period.

Source: Announcement

of the Company By the end of 2022, the annual production capacity of PV film of the Company reached 201.0624 million square meters, and the capacity utilization rate reached 93.55% within three years.

In 2022, the company's photovoltaic film sales reached 183 million square meters, according to the data of China Photovoltaic Industry Association, the overall market share was 6.42%, according to Infolink data. The company's film market share in the field of N-type components reached 34.27% .

In order to expand the production scale of photovoltaic film, Xiangbang Science and Technology intends to invest in the construction of 300 million square meters of film per year in Pujiang County, Zhejiang Province, with Xiangbang Yongsheng, a wholly-owned subsidiary, as the main body of implementation. The project is planned to invest 1 billion yuan, of which 970 million yuan will be used to raise funds, covering an area of 49,732.20 square meters. After the completion of the

project, it is expected to form an annual production capacity of 300 million square meters of photovoltaic film, with an average annual sales of 3.225 billion yuan and a net profit of 178 million yuan.

Source: New Energy Micro News DataBM. Com.


All can be viewed after purchase
Correlation

The company intends to publicly issue no more than 75 million shares.

2023-05-29 11:15:34

In the first half of 2025, Shangfeng Cement achieved an operating income of 2.272 billion yuan, a year-on-year decrease of 5.02%; net profit attributable to parent company of 247 million yuan, a year-on-year increase of 44.53%.