Desai: Intends to sprint for IPO listing on GEM

On June 27, the official website of Shenzhen Stock Exchange reported that the GEM IPO of Zhejiang Destai New Materials Co., Ltd. (Hereinafter referred to as: Destai) has been accepted. According to the

prospectus, the number of shares to be issued by Desai will not exceed 23.5066 million, and the proportion of shares to be issued will not be less than 25% of the total share capital after the issuance. The company is expected to raise 400 million yuan, which will be used for the company's annual output of 40000 tons of PVB functional film project. According to

the data, Destai is an enterprise specializing in the research and development, production and sales of PVB intermediate film and its photovoltaic modules. Its main products are PVB intermediate film, PVB double-glass photovoltaic modules, etc. From

2020 to 2022, the main business income of the Company was RMB 438,625,900, RMB 689,608,800 and RMB 1,355,224,900 respectively; The net profits attributable to the owners of the parent company after deducting non-recurring gains and losses were RMB57.145 million, RMB55.5331 million and RMB91.7767 million, respectively.