Runtai New Materials GEM IPO application was accepted, and it is planned to raise 550 million yuan

Beijing News (reporter Zhang Jie) On January 10, a reporter from the Beijing News learned from the Shenzhen Stock Exchange that the IPO application of Runtai New Materials Co., Ltd. on the ChiNext board was accepted. According to the prospectus (draft declaration), it is proposed to use the raised funds of 550 million yuan for the water-based coating additives and environmental protection high boiling point solvent series product project (Phase I) and supplementary working capital.

According to reports, the number of shares to be issued by Runtai New Materials this time does not exceed 61.6667 million shares, accounting for no less than 25% of the total share capital after the issuance. The offering is all for the company's public offering of new shares, and there is no arrangement for the company's original shareholders to publicly offer shares. At the same time, the amount of investment raised this time is 550 million yuan, of which the waterborne coating additives and environmental protection high boiling point solvent series product project (phase I) intends to invest 450 million yuan to raise funds and supplement the working capital by 100 million yuan. According to Runtai New Materials, the total investment amount of the above-mentioned fund-raising investment project is 610 million yuan, and it is planned to use the raised funds of 550 million yuan. Before the raised funds are in place, the company will invest in the first place with self-raised funds according to the actual construction progress of the project, and replace the paid amount after the raised funds are in place. If the actual funds raised cannot meet the capital needs of the above projects, the insufficient part will be solved by the company itself.

The Beijing News reporter learned that as of the date of signing of this prospectus, Zhang Shiyuan directly holds 16.84% of the company's shares, Song Wenjuan directly holds 16.13% of the company's shares, and the two directly hold 32.97% of the company's shares; Zhang Shiyuan and Song Wenjuan and their husband and wife also indirectly hold 25.22% of the company's shares through the Runrun enterprise management they control. Zhang Shiyuan and Song Wenjuan directly and indirectly hold a total of 58.19% of the company's shares. Therefore, the actual controllers of the company are Zhang Shiyuan and Song Wenjuan.

In addition, the prospectus shows that the operating income of Runtai New Material from 2018 to 2020 was 450 million yuan, 567 million yuan and 649 million yuan respectively, and the operating income from January to September 2021 was 896 million yuan. In addition, during the reporting period, the revenue of the company's main products used as film-forming additives was 326 million yuan, 376 million yuan, 459 million yuan and 586 million yuan, accounting for 72.17%, 67.49%, 71.39% and 66.23% of the main business income, respectively.

Founded in 2010, Runtai New Material is an enterprise engaged in the research and development, production and sales of fine chemical products such as film forming additives and plasticizers, the main products include dodecanol ester, hexadecanol ester (also known as "hexadecan dipester"), dimethyl phthalate and so on.

Beijing News reporter Zhang Jie

Edited by Qin Shengnan Proofreader Liu Baoqing