Furen Share Approved for 12.5 Billion Yuan IPO on Shenzhen Stock Exchange

Furen Share Co., Ltd., a prominent global supplier of eco-friendly textiles, has received approval from the Shenzhen Stock Exchange for its initial public offering (IPO) on the main board. The company, headquartered in Hangzhou, aims to raise 12.5 billion yuan through this IPO, with CITIC Securities serving as the underwriter. Furen Share is renowned for its dedication to sustainable development and has established itself as a key player in the eco-friendly textile industry.

The company's core operations focus on the research, development, production, and sale of eco-friendly textiles. Furen Share has integrated various stages of textile production, including design, spinning, weaving, dyeing, finishing, and sales, making it a comprehensive textile enterprise. The company's products are distinguished by their green, technological, and fashionable attributes, setting it apart in the industry.

Furen Share's primary product is eco-friendly textiles, with a strong emphasis on recycled materials. The company has become a leading domestic supplier of recycled textiles for the apparel industry. The eco-friendliness of Furen Share's textiles is evident in several aspects. Firstly, the company uses materials certified by environmental organizations such as GRS, including recycled polyester fibers and eco-friendly viscose fibers. Additionally, the company employs environmentally friendly dyes and auxiliaries certified by ZDHC. Secondly, the production process primarily uses color-spun yarn technology, reducing the need for dyeing and finishing. The company has also customized and upgraded its smart production lines and high-efficiency environmental treatment equipment to minimize wastewater and gas emissions. Lastly, Furen Share utilizes green energy sources such as solar power and biomass fuel.

Furen Share has long been dedicated to the research and production of recycled textiles. The raw materials for these textiles are sourced from recycled plastics and textiles, making them renewable and eco-friendly. With the growing global emphasis on sustainable development, Furen Share's products have gained recognition from both international fashion brands and consumers. The company has been designated as a "Regenerated Fiber Fashion Fabric Development Base" by the China Textile Industry Association.

Furen Share's notable clients include major fashion brands such as H&M, Uniqlo, GU, ZARA, Peacebird, and Lirong. Additionally, the company's direct clients include companies like Huacheng Maolu Garment Co., Ltd., Zhejiang Fenghuangzhuang Fashion Technology Group Co., Ltd., Makalot Industrial Co., Ltd., Chenfeng (Jiangsu) Textile Co., Ltd., Alliance Stitches Ltd., and Talisman Ltd.

The funds raised from this IPO will be used to invest in various projects, prioritized based on urgency and importance. The company's financial performance has been robust, with revenue for 2022, 2023, and 2024 estimated at approximately 17.64 billion yuan, 15.17 billion yuan, and 18.13 billion yuan, respectively. Correspondingly, the net profits for these years are estimated at approximately 2.77 billion yuan, 2.29 billion yuan, and 2.75 billion yuan.