Handan Qiming Carbon Co., Ltd
NEWS
IPO News: Yida New Materials Plans To Raise 1.547 Billion Yuan On The GEM Of The Shenzhen Stock Exchange
May,23,2023

(abbreviation: Yida New Materials) plans to be listed on the GEM of the Shenzhen Stock Exchange, with a total fundraising of 1.547 billion yuan and a sponsor. The raised funds are planned to be used for the intelligent integration project of 150,000 tons/year of high-end electrode precursors, the manufacturing and processing project of special carbon graphite new materials with an annual output of 10,000 tons, and the R&D and upgrading projects. Center and Supplementary Working Capital. See the table below for details:

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Let’s take a look at the company first: Founded in 2012, it is a national high-tech enterprise integrating R&D, production, and sales of high-quality needle coke. Located in Jiaxiang, Shandong, the company has two production bases, covering an area of about 728 mu, with a registered capital of about 221 million yuan, more than 510 employees, and a total needle coke production capacity of 195,000 tons per year. The company took the lead in formulating national standards for oil-based needle coke, industry standards for oil-based needle coke for graphite electrode joints, and group standards for oil-based needle coke for cathode materials for lithium-ion batteries. It is one of the leading enterprises in the needle coke industry in China. The company adheres to the business philosophy of win-win cooperation, pays attention to the cooperation with upstream and downstream enterprises in the industrial chain, and continues to deepen the two major application markets of oil-based needle coke. monopoly. In terms of high-end oil-based cathode coke, the successful development and mass production of "high energy density cathode coke" has provided a strong boost for my country's new energy battery industry to lead the world; in terms of oil-based electrode coke, large-scale ultra-high power graphite electrode coke Since it was put on the market, it has been widely used and favored by customers. The company's high-end electrode coke has been directly or indirectly exported to India, Russia, Europe, and other countries and regions.

Judging from the financial report released so far, the total assets of Yida New Materials in 2022 will be 2.378 billion yuan and the net assets will be 1.808 billion yuan; the net profits in the past three years will be 188 million yuan (2022) and 127 million yuan (2021) respectively. .  , -89.021 million yuan (2020). See the table below for details:

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Yida New Materials belongs to the industry of non-metallic mineral products. In the past year, a total of 23 companies in this industry applied for listing, of which 3 were successful (3 on the GEM), and the rest are still in process. In terms of listing places, the ChiNext Board of the Shenzhen Stock Exchange has received a total of 418 applications in the past year, of which 191 were successful, 17 were terminated from listing, and the rest are still in process. From the point of view of the sponsoring institutions, a total of 3 sponsors have been sponsored in the past year, all of which are in the process of being processed.

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The comparable companies of Yida New Materials are Baotailong, Pu Tailai, and Baichuan. Judging from the listing performance statistics, Baotailong surged 43.06% on the first day of listing, Pu Tailai has been listed for 10 consecutive days, with a cumulative increase of 273.32%, and Baichuan shares rose 64.95% on the first day of listing.

At present, the Shanghai Stock Exchange has accepted the application, and investors who are interested in Yida New Materials can continue to pay attention.

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