The Zhitong Finance App learned that on August 7, Xinyuren (688573.SH) opened a subscription. The issue price was 23.68 yuan/share, the subscription limit was 0.6 million shares, and the price-earnings ratio was 46.18 times. It belongs to the Science and Technology Innovation Board of the Shanghai Stock Exchange and Minsheng Securities is its sponsor.
According to the prospectus, Xinyuren has always focused on the R&D, production and sales of high-end intelligent manufacturing equipment. Its products cover lithium battery drying equipment, coating equipment, roller pressure slitting equipment, medical supplies equipment, photoelectric coating equipment, hydrogen fuel cell equipment, etc., providing customers with diversified automated solutions for intelligent manufacturing high-end equipment. The product performance and quality have been widely recognized by customers.
Xinyuren has become one of the domestic lithium battery automation equipment manufacturers with strong R&D and manufacturing capabilities, and has a high market share. Among them, in the field of lithium battery drying, the market share in 2021 is about 6.59%. However, in the field of lithium battery coating, the company has a low market share and is still in the catch-up stage.
In recent years, on the basis of continuing to consolidate win-win cooperation with lithium battery customers, Xinyu has also achieved expansion into the fields of optoelectronics, medicine, hydrogen fuel cells, etc., and has successfully provided a number of high-end equipment and automation solutions. At the same time, the company is actively supporting R&D on the core components of the equipment. In 20 years of industry accumulation, Xinyuren has accumulated customers from leading companies in the industry, such as Ningde Era (300750.SZ), BYD (002594.SZ), Funeng Technology (688567.SH), Honeycomb Energy, and Penghui Energy (300438.SZ).
After deducting the issuance fee, the funds raised this time will be used for the following projects according to priority:
On the financial side, in 2020, 2021 and 2022, Xinyuren achieved operating income of approximately RMB 240 million, RMB 537 million, and RMB 669 million, respectively. In the same period, net profit attributable to owners of the parent company was approximately RMB 14.2279 million, RMB 60.4531 million, and RMB 667.304 million, respectively.