Lei Jianping on January 10
Shanghai Bolong Equipment Technology Co., Ltd. (hereinafter referred to as "Bolong Technology", stock code: "603325") was listed on the main board of the Shanghai Stock Exchange today.
The issue price of Bolong Technology was 72.46 yuan, and 16.67 million shares were issued, raising a total of 1.2 billion yuan.
The opening price of Bolong Technology was 78.9 yuan, up 8.89% from the issue price, the closing price was 84.93 yuan, up 17% from the issue price, and the company's market value was 5.66 billion yuan based on the closing price.
Annual revenue of 1.04 billion
Bolong Technology is a professional supplier of powder and granular material handling system solutions with pneumatic conveying as the core, integrating treatment process design, technology research and development, part of the core equipment manufacturing, automation control, system integration and related technical services, the main products include complete sets of powder and granular pneumatic conveying technology as the core, metering and batching, functional silos, filtration and separation, purification and dust removal and other single-function systems, as well as related equipment and components.
Bolong Technology's products are mainly used in the synthetic resin industry, which are used in the petrochemical, chemical and new material industries, and gradually extend to silicone, modified plastics, pharmaceutical, food and other industries.
At present, Bolong Technology has provided thousands of pneumatic conveyor lines for many large-scale petrochemical and chemical plants for customers such as Sinopec, PetroChina, CNOOC, China Shenhua, China Datang, China Coal Group, Shaanxi Coal, Sinochem Group, Donghua Energy, Hengli Petrochemical, Jiutai Energy, Zhejiang Petrochemical, Bora Basel Petrochemical, Wanhua Chemical, Longyou Petrochemical, Yanchang Petroleum, Baofeng Energy, Satellite Chemical, BASF Group, Celanese and other customers.
According to the prospectus, Bolong Technology's revenue in 2020, 2021, and 2022 will be 471 million yuan, 978 million yuan, and 1.04 billion yuan respectively, and the net profit will be 117 million yuan, 241 million yuan, and 237 million yuan respectively, and the net profit after deducting non-profits will be 110 million yuan, 240 million yuan, and 230 million yuan respectively.
In the first half of 2023, Bolong Technology's revenue was 565 million yuan, an increase of 27.74% from 442 million yuan in the same period of last year, net profit was 132 million yuan, an increase of 16.47% from 113 million yuan in the same period of last year, and net profit after deducting non-profits was 127 million yuan, an increase of 15.29% from 110 million yuan in the same period of last year.
In the first nine months of 2023, Bolong Technology's revenue was 760 million yuan, an increase of 24% from 610 million yuan in the same period last year, the net profit was 177 million yuan, an increase of 21.5% from 146 million yuan in the same period last year, and the net profit after deducting non-profits was 172 million yuan, an increase of 20.79% from 142 million yuan in the same period last year.
Bolong Technology expects revenue of 1.2 billion to 1.4 billion yuan in 2023, an increase of 15.28% to 34.49% from 1.04 billion yuan in the same period last year, an estimated net profit of 280 million to 350 million yuan, an increase of 18.33% to 47.92% from 240 million yuan in the same period last year, and a net profit of 270 million to 340 million yuan after deducting non-profits, an increase of 16.12% to 46.23% from 230 million yuan in the same period last year.
Zhang Linglong controls 76% of the shares
Zhang Linglong, Peng Yunhua, Lin Kai, Lin Hui, Liu Changlin, Chen Jun and Liang Qing hold a total of 27,584,240 shares of the Company, with a total shareholding ratio of 55.17%, and control 38,184,000 shares of the Company through Boshi Shares' commitment to act in concert with the actual controller, and Liang Haochen's voting rights grant to Liang Qing, with a total control ratio of 76.37%, and are the controlling shareholders and actual controllers of the Company.
Zhang Linglong, born in 1965, bachelor degree, worked in Sinopec Lanzhou Design Institute from July 1987 to February 2001, served as deputy chief engineer, served as general manager and director of the company from November 2001 to December 2009, chairman and general manager of the company since December 2009, and currently serves as chairman of Jiangsu Bolong, technical director of Bolong (Hong Kong), director of Italian Gwani, Shenzhen Youli Space-time Technology Co., Ltd., Supervisor of Shenzhen Youli Vision Technology Co., Ltd. and Youli Space-time Technology Co., Ltd.
Peng Yunhua, born in 1962, bachelor degree, major in industrial electrical automation, engineer. From November 1982 to May 1985, he served as a technician of Gansu Commercial Machinery Factory, from June 1985 to December 2004, as an engineer of Sinopec Lanzhou Design Institute, from January 1999 to March 2007 as the general manager of Lanzhou Bolong High-tech Industrial Co., Ltd., and since October 2007, he has served as the director, deputy general manager and head of the technical department of the company, and currently serves as the executive director of Longsa (Shanghai).
Before the IPO, Boshi held 19.2% of the shares, Zhang Linglong held 13.92% of the shares, Peng Yunhua held 9.78% of the shares, Lin Kai and Lin Hui held 9.12% of the shares, Liu Changlin held 5.24% of the shares, Chen Jun held 4.52% of the shares, Feng Changjiang held 4.02% of the shares, Liu Xuehong held 3.94% of the shares, Liang Qing held 3.47% of the shares, Meng Hu and Li Shaojie held 2.98% of the shares respectively, and Yang Teng held 2.69% of the shares.
Liang Haochen holds 2% of the shares, Qian Yaorun holds 1.15%, Wang Suye holds 1.08%, Zhang Shuli and Jiang Huilian hold 0.98% of the shares, Gao Shouwen and Zhao Zhiying hold 0.72% of the shares, and Zeng Yuan holds 0.53%.
After the IPO, Boshi shares held 14.4%, Zhang Linglong held 10.44%, Peng Yunhua held 7.33%, Lin Kai and Lin Hui held 6.84% respectively, Liu Changlin held 3.93%, Chen Jun held 3.39%, Feng Changjiang held 3.01%, Liu Xuehong held 2.96%, and Liang Qing held 2.6%;
Meng Hu and Li Shaojie hold 2.23% of the shares, Yang Teng holds 2.02%, Liang Haochen holds 1.5%, Qian Yaorun holds 0.86%, Wang Suye holds 0.81%, Zhang Shuli and Jiang Huilian hold 0.73% of the shares, Gao Shouwen and Zhao Zhiying hold 0.54% of the shares, and Zeng Yuan holds 0.4% of the shares.
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