Lei Jianping reported on March 22
Jiangsu Changling Hydraulic Co., Ltd. (stock code: 605389, abbreviation: "Changling Hydraulics") was listed on the Shanghai Stock Exchange today, issuing 24.3334 million shares at an issue price of 39.40 yuan and raising a total of 959 million yuan.
The opening price of Changling Hydraulics was 47.28 yuan, and the closing price was 56.74 yuan, which was 44% higher than the issue price; calculated at the closing price, the market value of Changling Hydraulics was 5.523 billion yuan.
Annual revenue of 867 million
Changling Hydraulics is mainly engaged in the research and development, production and sales of hydraulic components and parts, the main products are central slewing joints, tensioning devices, etc. The company is located in Wuxi City, Jiangsu Province.
The revenue of Changling Hydraulics in 2017, 2018 and 2019 was 325 million yuan, 558 million yuan and 610 million yuan respectively; the revenue of Changling Hydraulics in the first half of 2020 was 402 million yuan.
The net profit of Changling Hydraulics in 2017, 2018 and 2019 was 76.84 million yuan, 160 million yuan and 170 million yuan respectively; the net profit of Changling Hydraulics in the first half of 2020 was 116 million yuan.
In 2020, the revenue of Changling Hydraulics was 867 million yuan, up 42.15% year-on-year; the net profit attributable to the owners of the parent company was 236 million yuan, up 38.72% year-on-year; and the net profit attributable to the owners of the parent company after deducting non-deduction was 230 million yuan, up 38.88% year-on-year.
Xia Jifa father and son are the major shareholders
Before the issuance, the actual controllers of the company, Xia Jifa, Xia Zemin father and son, directly and indirectly held a total of 97.89% of the company's shares.
Among them, Xia Jifa's direct shareholding is 57.53%, Xia Zemin's shareholding is 38.36%, and Ning bolan haihaolong's shareholding is 4.11%.
After this issuance, the proportion of xia jifa and xia zemin's direct and indirect holding of the company's shares will drop to 73.42%.
Xia Jifa's direct shareholding is 43.15%, Xia Zemin's shareholding is 28.77%, and Ning Bolanhai Haolong's shareholding is 3.08%.
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