Lei Jianping reported on February 12
Jiangxi Naipu Mining Machinery New Materials Co., Ltd. (stock code: 300818, referred to as "Naipu Mining Machinery") was listed on the Shenzhen Stock Exchange today at an issue price of 21.14 yuan, issued 17.5 million shares, and raised 370 million yuan.
The fundraising of Naipu Mining Machinery is mainly used for the upgrading and industrialization of mining equipment and rubber spare parts technology, the R&D center for the application of mining equipment and polymer wear-resistant materials, the Chilean marketing service center project and supplementary working capital.
The netpu mining machine closed at 30.44 yuan today, up 43.99% from the issue price, and the market value was 2.131 billion yuan.
From January to September 2019, the operating income was 264 million
Naipu Mining Machine is mainly engaged in the research and development, production, sales and service of heavy mine processing equipment and its new material wear-resistant spare parts. The company is located in Shangrao City, Jiangxi Province.
The wear-resistant new material heavy beneficiation equipment and spare parts of Naipu Mining Machine have been applied to many large non-ferrous metal and ferrous metal mines in China, and are exported to Mongolia, Russia, Kazakhstan, Australia, Mexico, the United States and Peru and other countries.
Nepp Mining Machinery has established stable cooperative relations with Mining Companies or Mining Equipment Manufacturers such as Jiangtong Group, Tongling Nonferrous Metals, CITIC Heavy Industry, Zijin Mining, Beimineralsllc, Oyutolgoillc, Meiyi Electric Steel and steel.
From January to September 2019, the operating income of Knight Mining Machinery was 264 million yuan, an increase of 28.21 million yuan, an increase of 11.97% compared with the same period in 2018; the net profit attributable to the mother was 57.0275 million yuan, an increase of 51.79 million yuan, an increase of 10.11% compared with the same period in 2018; and the net profit attributable to the mother after deduction was 53.4293 million yuan, an increase of 2.9161 million yuan or 5.77% compared with the same period in 2018.
The direct material cost of the products of The Knight Miner accounts for more than 70% of the production cost. The direct materials used by the company are mainly rubber, steel, motors, bearings, etc., these raw materials, especially steel and rubber, are affected by their respective production costs, market demand and short-term speculation in the market, and the price fluctuates greatly.
Steel prices in recent years are particularly obvious, the company's 2016, 2017, 2018 and 2019 January-June average purchase price of steel was 3277 yuan / ton, 5583 yuan / ton, 6381 yuan / ton and 6737 yuan / ton, respectively, the purchase price change is larger.
International patent litigation
International mineral processing equipment industry large multinational groups mainly weirgroup, ksb and metsocorporation, etc., such enterprises have a complete range of products, advanced technology, can provide full-process services and other advantages, with strong competitiveness.
Nepp Mining Machinery competes directly with internationally renowned enterprises in the international market. In the process of international market competition, the use of international patent litigation is one of the common means of competition.
Weirmineralsaustralialtd., whwgroupinc. (collectively, the "Plaintiffs") filed an application to investigate and take preventive measures against the Infringement of the Plaintiff's Patent Rights by Weirmineralsaustralialtd., Whwgroupinc. (collectively, the "Plaintiffs") with the Innovation and New Technology Commission of the National Institute for the Protection of Competition and Intellectual Property of Peru ("indecopi") on August 24, 2018.
Based on the estimated losses incurred by Knight Peru in relation to the legal impact of the above litigation matters, KnightCap Mining Machinery has recognized a provision for an estimated liability of $823,600.
Before the IPO, Zheng Hao held more than 70% of the shares
Zheng Hao holds 71.16% of the shares of Knight Mining Machinery, is the controlling shareholder of the company and the actual controller of the company.
Zheng Hao, born in July 1958, has a high school education. From 1983 to 1994, he worked in Shangrao County Building Materials Company in Jiangxi Province, successively serving as unit chief, deputy manager and manager;
Zheng Hao served as the general manager of Jiangxi Juying Industrial Co., Ltd. from 1994 to 2001, and the chairman and general manager of Jiangxi Tianri Industrial Co., Ltd. from September 2001 to December 2010.
Zheng Hao has been the vice chairman of Dexing Rubber since July 2001, the vice chairman of Dexing Pump Industry since May 2002, and the chairman of Nepp Industry as the main initiator in 2005;
Cai Fei, who holds 7.62% of the company's shares, has served as the director of Jiangsu Tongzhou Grain, Oil and Food Factory, the deputy director of Jiangsu Tongzhou Grain Bureau, and currently serves as the chairman of Jiangsu Galaxy Flour Co., Ltd., the executive director and general manager of Jiangsu Galaxy Feiye Flour Co., Ltd., the vice chairman of Funing Dongyi Grain Reserve Co., Ltd., the chairman and general manager of Nantong Penglai Flour Co., Ltd., the executive director of Jiangsu Yinsui Agricultural Development Co., Ltd., the director and general manager of Dakang Meat Food Co., Ltd. Chairman of Huaihua Dakang Jiuding Feed Co., Ltd.
After the IPO, Zheng Hao held 53.37% of the equity, and Cai Fei held 5.71% of the equity. Based on this calculation, Zheng Hao is worth more than 1 billion.
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