Leidi.com Lei Jianping September 19
Xinte Energy Co., Ltd. (referred to as "Xinte Energy") recently passed its IPO and is preparing to be listed on the main board of the Shanghai Stock Exchange.
Xinte Energy plans to raise 8.8 billion yuan for a green, low-carbon circular economy construction project with an annual output of 200,000 tons of high-end electronic grade polysilicon.
Xinte Energy has been listed on the Hong Kong Stock Exchange in 2015 (stock code: 1799.HK). Once listed on the A-share market, it will achieve an A+H share structure.
Net profit in the first half of the year was 4.8 billion, down 15% year-on-year
The main business of Xinte Energy is the research and development, production and sales of high-purity polysilicon and the construction and operation of wind energy and photovoltaic power plants. .
The prospectus shows that Xinte Energy’s revenue in 2020, 2021 and 2022 will be 14.18 billion yuan, 22.52 billion yuan, and 36.8 billion yuan respectively; net profits will be 828 million yuan, 5.384 billion yuan, and 14.32 billion yuan respectively; net profit after non-deductible They were 517 million yuan, 4.861 billion yuan, and 13.267 billion yuan respectively.
Xinte Energy's revenue in the first half of 2023 was 17.587 billion yuan, an increase of 19.51% from the same period last year. Affected by the sharp drop in polysilicon prices, from January to June 2023, net profit was 4.759 billion yuan, a decrease of 15.28% from the same period last year. ; Non-net profit during the same period was 4.638 billion yuan, a decrease of 17.09% compared with the same period last year.
Xinte Energy expects revenue in the first nine months of 2023 to be 21.9 billion to 21.94 billion yuan, a decrease of 12.84% to 13% from 25.18 billion yuan in the same period last year; net profit is expected to be 5.44 billion to 5.596 billion, a decrease from 9.32 billion in the same period last year. 100 million yuan fell by 39.96% to 41.62%; the net profit after non-deduction is expected to be 4.645 billion to 4.779 billion yuan, a decrease of 45.56% to 47% from 8.778 billion yuan in the same period last year.
Zhang Xin controls 71% of the shares
The controlling shareholder of Xinte Energy is TBEA. As of the signing date of this prospectus, TBEA directly holds 921,286,161 domestic shares of the company, and indirectly holds 1,223,200 H shares of the company through its wholly-owned subsidiary TBEA Hong Kong. It holds a total of 922,509,361 shares of the company, accounting for the total number of shares of the company. 64.51%.
TBEA was listed on the main board of the Shanghai Stock Exchange on June 18, 1997, with the stock code 600089.SH.
The actual controller of the company is Zhang Xin, a natural person. Zhang Xin holds 5.86% of the domestic shares through Tebian Group (the actual controller of Tbian Group is Zhang Xin); he holds 5.86% of the domestic shares through Tebian Electric (the largest shareholder of TBian Electric is Tbian Group, and the actual controller is Zhang Xin) TBEA holds 64.43% of the domestic shares; it holds 0.20% of the domestic shares of Xinte Energy through Xinjiang Yuanzhuo (Xinjiang Yuanzhuo is a wholly-owned subsidiary of TBEA Group); A wholly-owned subsidiary of Bian Electric Co., Ltd.) holds 0.09% of Xinte Energy’s H shares.
In summary, Zhang Xin controls a total of 70.58% of Xinte Energy’s shares.
Zhang Xin, born in 1962, served as the chief of the technical section, deputy director and director of Changji Special Transformer Factory from 1985 to 1993; from 1993 to present, he has served as the general manager and chairman of TBEA; since 2008, he has served as a non-executive director of the company director.
After the IPO, TBEA held 53.25% of the shares, TBEA Group held 4.85%, Jinglong Technology held 0.85%, Xinte Green Energy held 0.22%, Xinte Tongxin held 0.2%, and Xinte Tongxin held 0.2%. Te Jianming holds 0.18% of the shares, Xinjiang Yuanzhuo and Xinte Tongtong hold 0.17% of the shares respectively, Xinte Dingxin and Xinte Chengli hold 0.16% of the shares respectively, and Xintezhuocheng and Xinte Hexing hold shares respectively. is 0.1%.
———————————————
Leidi was founded by veteran media person Lei Jianping. If you reprint, please indicate the source.
