The 96th review meeting of the Science and Technology Innovation Board Listing Committee of Shanghai Stock Exchange in 2021 was held on December 15. The review results showed that, the IPO of Zhongfu Shenying Carbon Fiber Co., Ltd. (hereinafter referred to as “Zhongfu Shenying”) meets the issuance conditions, listing conditions and information disclosure requirements.

Zhongfu Shenying is a national high-tech enterprise specializing in the R & D, production and sales of carbon fiber. The products sold abroad are mainly carbon fiber. From 2018 to 2020 and from January to June 2021, the operating revenue of the company was 308 million RMB, 415 million RMB, 532 million RMB and 381 million RMB respectively, and the net profit was -24.4799 million RMB, 26.6511 million RMB, 85.2318 million RMB and 121 million RMB respectively.

Zhongfu Shenying is expected to raise about 1.8 billion RMB for projects with an annual output of more than 10,000 tons of high-performance carbon fiber, aerospace high-performance carbon fiber and precursor test line. This will be the first carbon fiber enterprise in the Science and Technology Board.

Source: Securities Daily

Edited and translated: Following The Wind