December 6, Nanjing Poly Long Technology Co., Ltd. IPO IPO application was approved by the Commission, will be listed on the Shenzhen Stock Exchange.
According to the prospectus, the total share capital of Nanjing Polylong Technology Co., Ltd. is 48,000,000 shares before the offering and the total share capital of 64,000,000 shares will be issued after the issue. The number of this offering is 16,000,000 shares, accounting for 25% of the total issued share capital, From May 26, 2017 to obtain the adoption of a total of 195 days, the recommended agencies for the Bond Securities Co., Ltd. and Huatai Securities Co., Ltd..
The predecessor of Nanjing Polyron Chemical Industry Co., Ltd. was incorporated in Nanjing Hi-tech Development Zone in April 1999 and restructured into Nanjing Polylong Technology Co., Ltd. in September 2009. Its registered capital is 48 million yuan and currently employs 600 people.
In terms of equity, Liu Shuyang, Liu Yue, Wu Jinsong and Yan Yuyin, the actual controllers of the Company, respectively, directly held 3,400,000 shares of the Company prior to the offering, accounting for 7.08% of the Company's total shares, indirectly held by Poly Investment 400,000 shares; Liu Yue directly holds 9,249,010 shares of the Company, accounting for 19.27%, indirectly holding 100,000 shares through Poly Investment; Wu Jinsong directly holding 4,231,789 shares of the Company, accounting for 8.82%; Yan Yu Yin directly holds 1,217,518 shares of the Company, accounting for 2.54%; four directly holding 37.71% equity of the Company and indirectly controlling 8.75% equity of the Company through Poly Investment Co., Ltd. The controlling shareholding ratio of Liu Shuyang, Liu Yue, Wu Jinsong and Yan Yu Yin is 46.46%.
The company raised funds for the 431732100 yuan, for the following four projects (unit: million):
The Company's revenue in 2014-2016 was relatively stable at 9.15545 trillion yuan, 820.4 million yuan and 9.03333 billion yuan respectively, with a net profit of 0.42 billion yuan, 0.74 billion yuan and 0.77 billion yuan over the same period.
Our main business is high performance modified nylon, high-performance engineering polypropylene, high-performance alloy materials and plastic wood environmental engineering materials, the main source of income for the field of rail transit, automotive modified plastics, electrical and electronic fields, environmental engineering Areas, production strategy for the production of fixed-sales, production orders arranged according to customer orders, so as to effectively control the inventory of raw materials and reduce business risk.