Lei Jianping on December 20
Henan Jinyuan Hydrochemical Co., Ltd. *** abbreviation: "Jinyuan Hydrogenation", *02502") was listed on the Hong Kong Stock Exchange today.
The issue price of Jinyuan Hydrogenation is 1HK$2, net proceeds of 2HK$4.6 billion.
The cornerstone investors of Jinyuan Hydrogenation subscribed a total of 18.36 million US dollars, of which Zhongsheng Group *** Hong Kong founding dream *** Prosperity Steel United Singapore Pte ltd., Xingsheng Group Holdings*** subscribed for 335 respectively$70,000, $5 million, $5 million, $5 million.
The opening price of Jinyuan Hydrogenation is 1HK$06, higher than the issue price**1167%；So far, the company's share price has fallen by more than 14%;Based on the current stock price, the company's market capitalization is about 9HK$8.4 billion.
The net profit in the first half of the year was 65.71 million, a year-on-year decrease of 44%.
Jinyuan Hydrochemical is a leading supplier of hydrogenated phenyl chemicals and energy products in Henan Province, mainly focusing on the production and processing of (i) hydrogenated phenyl chemicals (mainly including pure benzene, toluene and xylene);and (ii) energy products (including liquefied natural gas and town gas).
According to the prospectus, Jinyuan Hydrochemical's revenue in 2020, 2021, and 2022 will be 107.9 billion yuan, 14800 million, 225.5 billion;The profit during the period was 44.63 million yuan, 79.48 million yuan and 19.4 billion yuan;
Jinyuan Hydrogenation's revenue in the first half of 2023 is 107.6 billion yuan, compared with a revenue of 107.9 billion yuan;The profit for the period was 65.71 million yuan, compared with 11.7 billion yuan, down 44%.
As of June 30, 2023, the cash and cash equivalents held by Jinyuan Hydrogenation were 59.76 million yuan.
The executive directors of Jinyuan Hydrogenation are Wang Zengguang and Qiao Erwei;The non-executive directors are Rao Zhaohui, Wang Kaibao and Wang Lijie;
The independent non-executive directors of Jinyuan Hydrogenation are Ms. Huang Xinqi, Di Zhigang and Ms. Liang Shanying.
Before the IPO, Jinma Energy held 100% of the equity of Jinyuan Hydrogenation.
After the IPO, Jinma Energy holds 75% of the shares, and the public shareholders hold 25% of the shares, of which the cornerstone investor Zhongsheng Group holds 2%.5%, Hong Kong Founding Dream *** Prosperitysteel United Singapore and Xingsheng Group Holdings *** respectively hold 341%。
Lei Di was founded by ** Lei Jianping, if ** please in**.