With the announcement of a fixed increase of Yixin Co., Ltd. (836127) on July 8, this company, which is preparing for the IPO of Beijing Stock Exchange, is blessed by three state-owned assets. Under the complementary effect of industrial opportunities and mixed ownership, Yixin shares are expected to gain new kinetic energy for accelerated development.
according to the announcement, it is planned to issue no more than 9,337,4 shares at a price of 8.48 yuan per share, and it is estimated that the amount of funds raised will not exceed 79,181,2 yuan, which will be used to supplement the liquidity of the company and ensure the sustainable and healthy development of its operation.
The issuers are Daqing High-tech Industrial Investment Enterprise (Limited Partnership), Daqing High-tech State-owned Assets Operation Co., Ltd. and Daqing Industrial Service Co., Ltd.. The three state-owned assets are all investment funds under the Daqing Municipal Finance Bureau, and it is their responsibility to solve the development capital needs of enterprises and promote the rapid development of key industries. Yixin Co., Ltd., as a specialized and innovative small and medium-sized enterprise in Heilongjiang Province, is one of the key target enterprises supported by the local government.
Yixin co., ltd is mainly engaged in the production and sales of alkane solvents and aromatic solvents. The company can produce a variety of hydrocarbon solvent products with different purity and types by using the advanced hydrofining technology and fully digital production control system.
Its products can be used for ethylene production in chemical industry, edible oil production in food industry and capsule production in pharmaceutical industry. Up to now, the downstream customers of Yixin Co., Ltd. include Fushun Petrochemical Company of China Petroleum, Daqing Petrochemical Company of China Petroleum, COFCO, China Textile Group, Livzon Group, Ningxia Fuxing Pharmaceutical Co., Ltd. and Northeast Pharmaceutical Group.
in November, 22, Yixin co., ltd. began to undertake the deep processing of xylene, a key project in Heilongjiang province. Every day, it can undertake 5 tons of mixed xylene raw materials from the upstream oil-head enterprises in the industrial park, which provides a guarantee for further expanding the production capacity of hydrocarbon solvents.
Oil-head-to-tail project is a provincial strategy of Heilongjiang Province and an important support for the reconstruction of Daqing industry. The development goal is to realize the main business income of 4 billion yuan by 225. By 23, it will exceed 57 billion yuan, making the chemical tail industry chain and the oil head bigger and stronger simultaneously. Yixin Co., Ltd., as an important member enterprise, has begun to benefit from it. The annual report shows that in 221, the company achieved revenue of 1.395 billion yuan, a year-on-year increase of 136.84%. In the first quarter of 222, the revenue was 437 million yuan, which was 74.2% of the annual revenue in 22. With the continuous advancement of this project, the growth potential of Yixin shares will be fully released.
In addition, Yixin Co., Ltd. aims at the dual-carbon tuyere and enters the field of recycled oil through its subsidiary, Lai Ruipu. By adopting the internationally advanced technology independently developed, more than 95% of waste mineral oil can be converted into lubricant base oil again, which has the characteristics of environmental protection, high recovery efficiency, high added value of products and strong profitability. The project has been put into production in 221 and generated revenue. The planned annual production capacity is 1, tons, which will become a new growth point for the company.
In addition, it is worth mentioning that Liu Xiao, the chairman of the company, completed the inheritance work, and increased his holding of 8,29,2 shares in the share transfer system on July 18th. After the equity change, his shareholding ratio changed from 3.23% to 9.8%, becoming the actual controller of the company. Clear equity is conducive to the improvement of corporate governance efficiency and the smooth implementation of strategic planning, and also lays the foundation for the listing of the North Stock Exchange.
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