On December 29, the official website of the Beijing Stock Exchange disclosed the prospectus (declaration draft) of Mingguang Ruier Jingda Technology Co., Ltd. (hereinafter referred to as "Ruier Jingda"), and the company's listing application materials were officially accepted.
It is reported that the number of ** issued by Arrail Jingda this time does not exceed 4,4350,000,000 shares (without taking into account the over-allotment option); Not more than 5,100250,000 shares (subject to full exercise of the over-allotment option in this ** offering). It is planned to be listed on the Beijing Stock Exchange, and the sponsor is open source**.
According to public information, as a high-tech enterprise specializing in providing longevity technical solutions and key refractory materials for blast furnace ironmaking systems, Arrail Jingda is mainly engaged in the research and development, production and sales of high-efficiency, longevity, energy-saving, green and environmental protection technologies and refractory materials required for iron-making blast furnaces.
In terms of equity structure, the actual controllers of the company are Xu Ruitu and Xu Xiaohan, father and daughter. As of the signing date of this prospectus, Xu Ruitu and Xu Xiaohan directly and indirectly hold a total of 769926% of the shares; In addition, Xu Ruitu also serves as the chairman of the company, and Xu Xiaohan serves as the company's vice chairman, secretary of the board of directors, and deputy general manager (in charge of procurement). After this issuance, the proportion of shares held by Xu Ruitu and Xu Xiaohan is still high.
From 2020 to the first half of 2023, the company's operating income was 31.2 billion yuan, 34.6 billion yuan, 40.3 billion yuan, 17.2 billion yuan, and the net profit attributable to the owners of the parent company was 626530,000 yuan, 666930,000 yuan, 59.85 million yuan, 31.42 million yuan. Among them, the amount of overseas sales in the company's operating income was 3,487770,000 yuan, 8,802120,000 yuan, 8,72500000000000000000000000000000000000890,000 yuan, accounting for the proportion of operating income respectively. 90%。The overseas sales areas of the company's products mainly include Russia, Turkey, South Korea, Vietnam and other regions.
At the end of the reporting period, the company's accounts receivable book balance was 16,960130,000 yuan, 14,531850,000 yuan, 17,541750,000 yuan, 22,486960,000 yuan, accounting for the proportion of operating income respectively. 05%、
18%。At the end of the reporting period, with the expansion of the company's business scale, the company's accounts receivable as a whole showed an upward trend. At the end of June 2023, the company's accounts receivable book balance and its proportion in operating income are relatively high, mainly because the company's downstream customers are large iron and steel enterprises, and due to the influence of customer settlement habits, sales collection is usually concentrated in the second half of the year.
From 2020 to the first half of 2023, the average ratio of accounts receivable balance to operating income of comparable companies is: 55%, the proportion of accounts receivable balance to operating income of Arrail Jingda is. 18%, which is higher than the average for comparable companies.