Leidi.com Lei Jianping October 1
Zhejiang Meijing New Materials Co., Ltd. (referred to as "Meijing New Materials") recently submitted a prospectus and is preparing to be listed on the GEM of the Shenzhen Stock Exchange.
Meijing New Materials plans to raise 1.5 billion yuan, of which 600 million yuan will be used for the semiconductor quartz crucible industrial park, 132 million yuan will be used for the R&D center construction project, 350 million yuan will be used for the Ningxia Xinjing Quartz Crucible Expansion Project, and 415 million yuan will be used for the Ningxia Xinjing Quartz Crucible Industrial Park. Yuan is used to supplement working capital.
Annual revenue 1.073 billion
Meijing New Materials is mainly engaged in the research and development, production and sales of quartz crucibles. Quartz crucible is an important consumable that must be used in the process of growing single crystal silicon rods in the semiconductor and photovoltaic fields.
The upstream of the quartz crucible industry is mainly the quartz sand industry, and quartz sand is the key raw material for quartz crucibles.
The prospectus shows that Meijing New Materials’ revenue in 2020, 2021 and 2022 will be 43.562 million yuan, 171 million yuan, and 1.073 billion yuan respectively; net profits will be -3.34 million yuan, 15.21 million yuan, and 300 million yuan respectively; excluding non-profit The subsequent net profits were -3.5694 million yuan, 15.094 million yuan, and 335 million yuan respectively.
Meijing New Materials' revenue in the first quarter of 2023 was 540 million yuan, with a net profit of 252 million yuan, and a net profit after non-profit deductions of 237 million yuan.
Cao Jianwei and Qiu Minxiu are the actual controllers
The actual controllers of Meijing New Materials are Cao Jianwei and Ms. Qiu Minxiu, and He Jun (son of Qiu Minxiu) and Ms. He Jie (daughter of Qiu Minxiu) are persons acting in concert with the actual controllers.
Before the IPO, Jingsheng Electromechanical directly held 57.84% of the shares of Meijing New Materials and was the controlling shareholder of Meijing New Materials. Jingsheng Investment holds 47.42% of the shares of Jingsheng Electromechanical and is the controlling shareholder of Jingsheng Electromechanical.
Ms. Cao Jianwei and Ms. Qiu Minxiu directly hold 5.64% of the shares of Jingsheng Electromechanical in total, control 47.42% of the voting rights of Jingsheng Electromechanical through Jingsheng Investment, and collectively directly and indirectly control 53.06% of the voting rights of Jingsheng Electromechanical. This is the common reality of Jingsheng Electromechanical. Controller. He Jun and Ms. He Jie are persons acting in concert with the actual controller. The above-mentioned actual controller and its persons acting in concert directly and indirectly control 53.71% of the voting rights of Jingsheng Electromechanical. In addition, Cao Jianwei, as the executive partner of Hangzhou Ruitong, controls 4.97% of the company's shares through Hangzhou Ruitong.
Therefore, Cao Jianwei, Ms. Qiu Minxiu and their concerted parties collectively control 62.81% of the company's shares and voting rights directly and indirectly. Therefore, Cao Jianwei and Ms. Qiu Minxiu are the joint actual controllers of the company.
Before the IPO, Hangzhou Yongsheng held 29.8% of the shares, Hangzhou Laitong held 4.77%, and Hainan Tianchen held 2.63%.
After the IPO, Jingsheng Electromechanical holds 52.05% of the shares, Hangzhou Yongsheng holds 26.82%, Hangzhou Ruitong holds 4.47%, Hangzhou Laitong holds 4.29%, and Hainan Tianchen holds 2.37%.
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