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Renben shares sprint to the Shanghai Stock Exchange: plan to raise 2.7 billion Zhang Tongsheng controls 61% of the voting rights

author:Thunder delivery
Renben shares sprint to the Shanghai Stock Exchange: plan to raise 2.7 billion Zhang Tongsheng controls 61% of the voting rights

Lei Jianping January 18

Renben Co., Ltd. (hereinafter referred to as "Renben Shares") has pre-disclosed and updated its prospectus and is preparing to be listed on the main board of the Shanghai Stock Exchange. Renben plans to raise 2.7 billion yuan.

Renben shares sprint to the Shanghai Stock Exchange: plan to raise 2.7 billion Zhang Tongsheng controls 61% of the voting rights

Among them, 682 million yuan will be used for the localization project of key bearings of high-speed rail EMUs and urban rail trains, 378 million yuan will be used for the key technical equipment research project of high-reliability and high-speed ultra-precision bearings of precision machine tools, 240 million yuan will be used for the industrialization project of high-efficiency precision bearings independent technology of key components of new energy vehicles and intelligent vehicles, 600 million yuan will be used for the industrialization project of shield machine spindle bearings and "stuck neck" bearings of wind turbines of 3 MW and above, and 800 million yuan will be used to supplement working capital.

Annual revenue of 9.12 billion

Renben Co., Ltd. is a bearing manufacturer, with nine major bearing production bases in Wenzhou, Hangzhou, Wuxi, Shanghai, Nanchong, Wuhu, Huangshi and other places, producing more than 30,000 kinds of bearings within the range of 1mm to 6000mm outer diameter, with an annual output of more than 1.8 billion sets.

The products of Renben are widely used in automobiles, home appliances, motors, motorcycles, engineering machinery, power tools, agricultural and forestry machinery, textile machinery, industrial robots, wind power, medical equipment and other industries, providing reliable products and solutions for customers in more than 40 industries.

According to the prospectus, the revenue of Renben shares in 2019, 2020 and 2021 was 6.39 billion yuan, 7.268 billion yuan and 9.12 billion yuan respectively; net profit was RMB534 million, RMB773 million and RMB875 million, respectively; Net profit after deduction was RMB347 million, RMB553 million and RMB663 million respectively.

Renben shares sprint to the Shanghai Stock Exchange: plan to raise 2.7 billion Zhang Tongsheng controls 61% of the voting rights

In the first half of 2022, the revenue of Renben shares was 4.611 billion yuan, the net profit was 372 million yuan, and the net profit after deduction was 290 million yuan.

During the reporting period, the company's main business income was 1.067 billion yuan, 1.014 billion yuan, 1.385 billion yuan and 787 million yuan, accounting for 16.69%, 13.95%, 15.18% and 17.06% of the operating income respectively

Zhang Tongsheng controls 60.8% of the voting rights

As of the signing date of this prospectus, Zhang Tongsheng directly holds 115.500 million shares of this share, accounting for 29.83% of the total number of shares of Renben before the issuance of this share, indirectly holds 17.04% of the shares of this share through the Renben Group, and controls 30.99% of the voting rights of the Renben shares through the Renben Group.

Therefore, Zhang Tongsheng directly and indirectly holds a total of 46.87% of the shares of this share, and controls 60.82% of the voting rights of the main shares, and is the actual controller of the human shares.

Renben shares sprint to the Shanghai Stock Exchange: plan to raise 2.7 billion Zhang Tongsheng controls 61% of the voting rights

Wenzhou Renzhong, Wenzhou Wen Guo is an employee shareholding platform, and its executive partner is Chen Leiqiang.

Wenzhou Renzhong and Wenzhou Wen Gu hold a total of 33.39 million shares, accounting for 8.62% of the shares. Among them, Wenzhou Renzhong holds 20.722 million shares, accounting for 5.35% of the shares; Wenzhou Wenfu holds 12,669,400 shares, accounting for 3.27% of the total number of shares before the issuance.

Chen Yanshui holds 16.27%, Zhang Rongmin holds 5.42%, Wang Shaoxing holds 2.71%, and Wenzhou Zhixin holds 3.65%.

Chen Xiaodong holds a 5.42% share of Wenzhou, and Chen Xiaodong and Chen Yanshui are father-son and Chen Leiqiang are brothers. Chen Leiqiang also serves as the executive partner of Wenzhou Renzhong and Wenzhou Wenguo, an employee shareholding platform, holding 1.40% of Wenzhou Renzhong and 1.83% of Wenzhou Wenguo, and is a brother relationship with Chen Xiaodong, a limited partner of Wenzhou Renzhong Limited, and Chen Leiqiang serves as a director of the Group.

Renben shares sprint to the Shanghai Stock Exchange: plan to raise 2.7 billion Zhang Tongsheng controls 61% of the voting rights

After the IPO, the Group held 27.89%, Zhang Tongsheng held 26.84%, Chen Yanshui held 14.64%, Zhang Rongmin held 4.88%, Wenzhou Renzhong held 4.82%, Wenzhou Zhixin held 3.29%, Wenzhou Wen Gu held 2.94%, Wang Shaoxing held 2.44%, and Wenzhou Zhixin held 2.25%.

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Lei Di was founded by Lei Jianping, a senior media person, if reprinted, please indicate the source.

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