Leidi.com Lei Jianping April 6
Yongzhen Technology Co., Ltd. (abbreviation: "Yongzhen Technology") recently submitted a prospectus and is preparing to be listed on the main board of the Shanghai Stock Exchange.
Yongzhen Technology plans to raise 1.725 billion yuan, of which 1.425 billion yuan will be used for the first phase of the photovoltaic frame project of the aluminum alloy photovoltaic frame support and energy storage battery tray project, and 300 million yuan will be used to supplement working capital.
Annual revenue of 5.18 billion
Yongzhen Co., Ltd. is mainly engaged in the research and development, production, sales and application of green energy structural materials, and has become one of the leading manufacturers of aluminum alloy photovoltaic structural parts in China. The company's main products include photovoltaic frame products, building integrated photovoltaic products (BIPV), and distributed photovoltaic support structures.
At present, Yongzhen Co., Ltd. has three production bases in Changzhou, Jiangsu, Yingkou, Liaoning, and Chuzhou, Anhui, covering a total area of nearly 500 acres, with an annual output of 220,000 tons of photovoltaic frames and a production capacity of nearly 80 million sets of photovoltaic frames.
Based on the 230GW of newly installed photovoltaic capacity in the world in 2022, the annual demand for photovoltaic frames is about 1.43 million tons, and the company's market share is about 13.04%. By 2030, based on the optimistic forecast of CPIA, the global annual installed capacity of photovoltaics will be 516GW, and the annual demand for photovoltaic frames will reach 3.2 million tons.
At present, the company's Wuhu photovoltaic frame production base with an annual output of 270,000 tons is under construction, and plans to invest in a new 180,000-ton photovoltaic frame production base in Vietnam. By then, the company's total production capacity will reach 670,000 tons.
According to the prospectus, the revenue of Yongzhen Co., Ltd. in 2020, 2021, and 2022 will be 1.433 billion yuan, 2.952 billion yuan, and 5.18 billion yuan respectively; the net profit will be 47.2184 million yuan, 94.727 million yuan, and 246 million yuan; They are 30.03 million yuan, 91.3498 million yuan and 267 million yuan respectively.
Hillhouse and Legend are shareholders
Wang Xianli directly holds 88,118,600 shares, accounting for 49.52% of the total shares of Yongzhen, and Shao Dongfang directly holds 5 million shares of Yongzhen, accounting for 2.81% of the total shares of Yongzhen;
Wang Xianli and Shao Dongfang together directly hold 52.33% of Yongzhen shares. In addition, Wang Xianli holds a 10,000-yuan investment share of Zhenhe Investment and serves as an executive partner, and at the same time holds a 10,000-yuan investment share of Zhencai Investment and serves as an executive partner; Zhenhe Investment directly holds 1.30 million shares of the issuer , accounting for 0.73% of the total shares of Yongzhen shares, and Zhencai Investment directly holds 700,000 shares of the issuer, accounting for 0.39% of the total shares of the issuer.
In summary, Wang Xianli and Shao Dongfang together control 53.45% of the voting rights in Yongzhen shares.
Shenzhen Hillhouse Ruiheng Investment Consulting Center (Limited Partnership) holds 15.63% of the shares, Zhuhai Junlian Jiamao Equity Investment Enterprise (Limited Partnership) and Suzhou Junlian Xiangdao Equity Investment Partnership (Limited Partnership) each hold 6.25% of the shares. Hezhizhi Energy Investment Development (Jiangsu) Co., Ltd. holds 2.15% of the shares, Zhuhai Lianhe Zhengxin No. 9 Equity Investment Fund Partnership (Limited Partnership) holds 1.97% of the shares, and Zhuhai Zhengxin Texin No. Partnership) holds 1.81% of the shares;
Chen Jijin holds 1.79% of the shares, Changzhou Jintan District Yongxin Industrial Investment Partnership (Limited Partnership) holds 1.43% of the shares, Shanghai Hongcheng Venture Capital Partnership (Limited Partnership) holds 1.43% of the shares, Changzhou Jinsha Technology Investment Co., Ltd. The company and Shanghai Xiangheyongyuan Equity Investment Partnership (Limited Partnership) hold 1.07% of the shares respectively, Zhongtai Venture Capital (Shanghai) Co., Ltd. holds 1.03% of the shares, and Jinshi Manufacturing Transformation and Upgrading New Materials Fund (Limited Partnership) holds 1% for shares;
JA Solar Technology Co., Ltd. and Suzhou Canadian Artes Investment Management Co., Ltd. each hold 0.86% of the shares, Changzhou Jintan District Zhenhe Industrial Investment Partnership (Limited Partnership) holds 0.73% of the shares, and Wang Jiahua holds 0.72% of the shares. %, Changzhou Jintan District Yongshi Industrial Investment Partnership (Limited Partnership) holds 0.54%, Changzhou Jintan District Zhencai Industrial Investment Partnership (Limited Partnership) holds 0.39%, Changzhou Jintan District Hong Shi Industrial Investment Partnership (Limited Partnership) holds 0.36% of the shares, and Changzhou Xinzhuo Industrial Investment Partnership (Limited Partnership) holds 0.32% of the shares.
After the IPO, Wang Xianli held 37.14% of the shares, Shenzhen Hillhouse Ruiheng Investment Consulting Center (Limited Partnership) held 11.72% of the shares, Zhuhai Junlian Jiamao Equity Investment Enterprise (Limited Partnership), Suzhou Junlian Xiangdao Equity Investment Partnership (Limited Partnership) Partnership) holds 4.69% of the shares respectively, Shao Dongfang holds 2.11% of the shares, Trina Smart Energy Investment Development (Jiangsu) Co., Ltd. holds 1.61% of the shares, and Zhuhai Lianzhengxin No. 9 Equity Investment Fund Partnership (Limited Partnership) holds The shareholding is 1.48%, and Zhuhai Zhengxin Texin No. 1 Equity Investment Fund Partnership (Limited Partnership) holds 1.36%;
Chen Jijin holds 1.34% of the shares, Changzhou Jintan District Yongxin Industrial Investment Partnership (Limited Partnership), Shanghai Hongcheng Venture Capital Partnership (Limited Partnership) holds 1.07% of the shares respectively, Changzhou Jinsha Technology Investment Co., Ltd., Shanghai Xiang He Yongyuan Equity Investment Partnership (Limited Partnership) holds 0.81% of the shares, Zhongtai Venture Capital (Shanghai) Co., Ltd. holds 0.77% of the shares, and Jinshi Manufacturing Transformation and Upgrading New Materials Fund (Limited Partnership) holds 0.75% of the shares ;
JA Solar Technology Co., Ltd. and Suzhou Canadian Artes Investment Management Co., Ltd. each hold 0.64% of the shares, Changzhou Jintan District Zhenhe Industrial Investment Partnership (Limited Partnership) holds 0.55% of the shares, and Wang Jiahua holds 0.54% of the shares. %, Changzhou Jintan District Yongshi Industrial Investment Partnership (Limited Partnership) holds 0.4%, Changzhou Jintan District Zhencai Industrial Investment Partnership (Limited Partnership) holds 0.3%, Changzhou Jintan District Hong Shi Industrial Investment Partnership (Limited Partnership) holds 0.27% of the shares, and Changzhou Xinzhuo Industrial Investment Partnership (Limited Partnership) holds 0.24% of the shares.
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