Lei Jianping reported on September 30
Xinghua Reflection (stock code: 301077) was listed on the Growth Enterprise Market today at an issue price of 61.46 yuan, issuing 15 million shares, raising a total of 922 million yuan.
The opening price of Xinghua Reflection was 79 yuan, an increase of 28.5% from the issue price, the closing price was 73.8 yuan, an increase of 20% from the issue price, and the market value of Xinghua Reflection was 4.428 billion yuan in terms of closing price.
Annual revenue of 620 million
The main business of Xinghua Reflection is the research and development, design, production and sales of reflective materials and their products, and the products are widely used in occupational safety protection, personal safety protection, casual clothing, functional fabrics, sporting goods, outdoor products, bags, footwear and other fields.
Reflective materials are widely used in occupational safety protection, personal safety protection, student safety protection, casual clothing, functional fabrics, sporting goods, outdoor products, bags, footwear and other fields because of their excellent reflective effect and high recognition, and its production principle is to use coating technology to implant particles of reflective materials into the surface of the substrate and form a functional composite material.
Among them, according to the substrate and the application field of different is divided into reflective cloth, reflective film, according to the technical principle of particle reflective materials are divided into glass bead type and microprism type.
According to the prospectus, the revenue of Xinghua Reflection in 2018, 2019 and 2020 was 463 million yuan, 539 million yuan and 622 million yuan, respectively, and the net profit was 36.935 million, 65.3167 million yuan and 98.233 million yuan, respectively.
Xinghua Reflection expects net profit in the first three quarters of 2021 to 71 million to 76 million, an increase of 10.42% to 18.2% year-on-year.
Wang Shijie and Chen Yi are the actual controllers
Before the IPO, Wang Shijie and Chen Yi directly and indirectly controlled a total of 85.70% of the company's shares and were the actual controllers of the company.
Among them, Wang Shijie directly holds 63.26% of the company's equity, Chen Yi directly holds 12.44% of the company's equity, and the two indirectly control 10% of the company's equity through Hangzhou Jiechuang.
Wang Shijie: Born in February 1963, bachelor degree, senior engineer title. From April 1997 to March 2003, he served as the general manager of Hangzhou Nature True Swimming Magnetoelectric Co., Ltd., from April 2003 to October 2015, he served as the director, general manager and supervisor of Xinghua Co., Ltd., and since October 2015, he has served as the chairman and general manager of Xinghua Reflection.
Ms. Chen Yi: Born in March 1974, master's degree, intermediate engineer title. From July 1995 to September 1998, he was the project leader of the Shanghai office of Mitsubishi Corporation, and from September 1998 to January 2000, he studied at the University of Illinois at Chicago.
From March 2004 to October 2015, Ms. Chen Yi served as the chairman, executive director and general manager of Sing Wah Reflection Co., Ltd., and since October 2015, she has served as a director of Sing Wah Reflective.
After the IPO, Wang Shijie directly held 47.44%, Chen Yi directly held 9.33%, Hangzhou Jiechuang held 7.5%, and Niujiang held 4.05%.
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