Lei Jianping reported on July 20
Xianheng International Technology Co., Ltd. (hereinafter referred to as "Xianheng International", stock code: "605056") is listed on the Shanghai Stock Exchange today.
Xianheng International issued 40.01 million shares at an issue price of 13.65 yuan and raised a total of 546 million yuan.
The closing price of Xianheng International was 19.66 yuan, and the market value of Xianheng International was 7.864 billion yuan in terms of closing price.
The annual revenue is nearly 2 billion
Xianheng International is an intensive supplier of MRO of tools, instruments and meters, and is engaged in the research and development, production, sales and related technical services of the above products, the company is located in Hangzhou, Zhejiang Province.
According to the prospectus, the revenue of Xianheng International in 2018, 2019 and 2020 was 1.521 billion yuan, 1.948 billion yuan and 1.99 billion yuan respectively, and the net profit was 166 million yuan, 240 million yuan and 243 million yuan, respectively.
Xianheng International's current business mainly serves the power industry. During the reporting period, the company's main business from the State Grid, China Southern Power Grid and its subsidiaries and other power industry customers accounted for 68.27%, 65.02% and 56.16% respectively.
Among them, the revenue of the State Grid and its subsidiaries accounted for 59.48%, 61.08% and 51.57% respectively, and the application areas were mainly power transmission and distribution, and the customer group was relatively concentrated.
Xianheng International's operating income from January to March 2021 was 300 million yuan, the net profit attributable to the owners of the parent company was 17.4975 million yuan, and the net profit after deduction of non-net profit was 16.4573 million yuan.
Xianheng International expects operating income of 820 million yuan to 900 million yuan for January-June 2021, an increase of 0.70% to 10.52% year-on-year from January-June 2020; net profit attributable to owners of the parent company of 91 million to 100 million yuan; net profit after deduction of non-profit of 87 million yuan to 96 million yuan, an increase of 0.48% to 10.88% year-on-year.
Goldman Sachs Asia Strategy is a shareholder
The actual controller of Xianheng International is Wang Laixing.
Before the IPO, Wang Laixing directly held 4.90% of the company's shares, controlled 18.01% of the company's shares through the company's controlling shareholder Xingrun Investment, controlled 17.18% of the company's shares through Xianning Investment, controlled 9.44% of the company's shares through Wanning Investment, controlled 6.99% of the company's shares through Dening Investment, controlled 6.99% of the company's shares through Hongning Investment, controlled 4.20% of the company's shares through Yining Investment, and Wang Laixing controlled 67.71% of the company's shares in total. Is the actual controller of the company.
Wang Laixing, born in 1956, has a technical secondary school education, the title of senior economist, and is currently the chairman of Xianheng International.
Wang Laixing was the deputy director of Jianhu Supply and Marketing Cooperative, the general manager of Shaoxing Machinery Hardware Wholesale Company, the general manager of Shaoxing Machinery And Hardware Wholesale Company, the general manager of Shaoxing Xianheng International General Equipment Co., Ltd. from September 2001 to March 2004, the general manager of Hangzhou Xianheng International General Equipment Co., Ltd. from March 2004 to April 2008, the executive director and general manager of Xianheng Limited from April 2008 to August 2017, and the chairman of Xianheng International since September 2017 Since April 2019, he has served as the executive director and general manager of Xingrun Investment.
Xianheng Group holds 14.85% of the shares, Goldman Sachs Asia Strategic holds 11.19%, and Li Dengdong holds 2.13%.
After the IPO, Dongxingrun Investment held 16.17%, Xianning Investment held 15.43%, Xianheng Group held 13.33%, Goldman Sachs Asia Strategic held 10.04%, and Wanning Investment held 8.48%.
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