Leidi.com Lei Jianping June 2
Wuxi Xinhongye Cable Technology Co., Ltd. (abbreviation: "Xinhongye", stock code: 301310) was listed on the Growth Enterprise Market of Shenzhen Stock Exchange today.
Xinhongye issued 24.2747 million shares this time, with an issue price of 67.28 yuan and raised funds of 1.633 billion yuan.
Xin Hongye originally planned to raise 446 million yuan. This means that Xinhongye raised nearly 1.2 billion yuan.
The opening price of Xinhongye was 67.28 yuan, which was the same as the issue price; the closing price was 65.76 yuan, which was 2.26% lower than the issue price; based on the closing price, the company's market value was 6.385 billion yuan.
Xinhongye will become the first GEM listed company in Wuxi in 2023.
Annual revenue of 1.81 billion
Xinhong's main business is the research and development, production and sales of photovoltaic cables, new energy vehicle cables, industrial cables and other special cables. The company's products are used in photovoltaics, new energy vehicles, charging guns, charging piles, energy storage, industrial control equipment and other fields.
According to the prospectus, Xinhongye's revenue in 2020, 2021, and 2022 will be 700 million yuan, 1.219 billion yuan, and 1.81 billion yuan respectively; net profits will be 66.51 million yuan, 107 million yuan, and 145 million yuan; 10,000 yuan, 107 million yuan, 140 million yuan.
Xinhongye’s revenue in the first quarter of 2023 was 420 million yuan, a year-on-year increase of 14.92%, and non-net profit was 33.076 million yuan, a year-on-year increase of 26%.
Xinhongye expects revenue in the first half of 2023 to be 990 million to 1.07 billion, an increase of 21% to 30.7% over the same period of the previous year.
Bu Xiaohua and Sun Qunxia control 65% of the shares
Xinhongye has no controlling shareholder, and its joint actual controllers are Mr. Bu Xiaohua and Ms. Sun Qunxia. Before the IPO, Bu Xiaohua and Sun Qunxia directly and indirectly controlled 64.78% of the company's shares.
Bu Xiaohua is currently the chairman and general manager of the company. He directly holds 28.84% of the shares and serves as the executive partner of Huzhou Ouyuan. He indirectly controls 3.75% of the company's shares through Huzhou Ouyuan. It directly holds 28.84% of the shares, and serves as the executive partner of Huzhou Aizhong, and indirectly controls 3.35% of the company's equity through Huzhou Aizhong.
Yang Yuwei holds 24.72% of the shares and is currently a director of the company; Xianghe Yongyuan holds 6.94% of the shares, Ningbo Longxin holds 0.77% of the shares, and Xianghe Yongyuan and Ningbo Longxin are acting in concert, with a total shareholding of 7.71%. Ding Hao holds 0.89% of the shares, Mo Xiangmei holds 0.67% of the shares, Tianxi Jintou and Anji Hongqin each hold 0.61% of the shares;
After the IPO, Bu Xiaohua and Sun Qunxia directly and indirectly controlled 48.58% of the company's shares.
Among them, Bu Xiaohua and Sun Qunxia hold 21.63% of the shares respectively, Yang Yuwei holds 18.54% of the shares, Xianghe Yongyuan holds 5.21% of the shares, and Huzhou Ouyuan holds 2.81% of the shares;
Huzhou Aizhong holds 2.51%, Ding Hao holds 0.67%, Ningbo Longxin holds 0.58%, Mo Xiangmei holds 0.51%, Tianxi Jintou and Anji Hongqin hold 0.46% respectively.
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