According to Zhitong Finance APP, on December 6, Lanyu Co., Ltd. (301585.SZ) opened for subscription, with an issue price of 23.95 yuan/share, a subscription limit of 0.0055 million shares, and a PE ratio of 21.95 times. It belongs to the Shanghai Stock Exchange, and Guosen serves as the sponsor (lead underwriter).

The prospectus shows that Lanyu Co., Ltd. is mainly engaged in the research and development, production, and sales of digital printing inks that comply with the national energy-saving and environmentally friendly global strategy. It is recognized as a specialized, special and new "little giant" enterprise and a national high-tech enterprise. The industry it operates in is the cailiaohangye, and the digital printing inks produced by the company are key consumables in digital printing technology, compatible with digital print heads, system boards, and other core components as well as other accessory products used in digital printing equipment, mainly applied in the textile field. Through continuous technological research and development and process innovation, the company has reduced customers' dependence on imported inks and purchasing costs, promoting the transformation of the textile printing and dyeing industry towards energy-saving and environmentally friendly and clean production.

The main product of the company is digital printing ink, which belongs to the digital printing field. Digital printing technology integrates advanced technologies such as computer science, electromechanical integration, precision mechanical manufacturing, and fine chemicals. It mainly utilizes digital principles and printing technology to input various digitally processed digital patterns into a computer, which is processed and edited by the computer, and controlled by the control system to direct the digital print head to spray special ink onto the substrate, forming the desired patterns. Currently, digital printing technology is widely applied in industries such as textile printing and dyeing, desktop office, and advertising; among them, digital printing inks used in the textile printing and dyeing field come into direct contact with the human body, so higher requirements are placed on product safety and eco-friendly concept indicators. Furthermore, the product must possess higher color accuracy and wash-resistance characteristics. Therefore, compared to ink products used in advertising and desktop office scenarios, digital printing inks for textiles are more complex in terms of material formula and production process, making the textile field a "pinnacle" for the application challenges of digital printing inks.

After years of rapid development in the industry, domestic digital printing ink manufacturers have continuously improved their technology and processes and built their brands through collaboration with downstream equipment manufacturers and end customers. The brand image of domestic digital printing inks has been continuously reshaped. With the rapid development of domestic digital printing inks in recent years, the penetration rate of digital printing in the textile printing and dyeing industry has increased from 1.8% in 2014 to 11.4% in 2021, and the consumption of digital printing ink rose from 0.0051 million tons in 2014 to 0.0322 million tons.

According to a certificate issued by the China Printing and Dyeing Industry Association in October 2022, Zhejiang Lanyu Digital Technology Co., Ltd. is a council member of the China Printing and Dyeing Industry Association, specializing in the research and production of digital ink for textile printing. In 2021, the company's market share of digital printing inks ranked among the top three in the domestic industry.

In terms of finance, from 2021 to 2023, Lanyu Co., Ltd. achieved revenue of approximately 0.272 billion yuan, 0.313 billion yuan, and 0.384 billion yuan, with net income for the same periods amounting to 60.461 million yuan, 72.1002 million yuan, and 92.6884 million yuan respectively.