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Honggong Technology's IPO on the GEM has changed to "submitted for registration"

Market IntelMonday, Dec 16, 2024 6:30 am ET

1min read

Securities Times Data Treasure statistics, according to the progress of Shenzhen Stock Exchange's issuance and listing review, on December 16, the review status of Honggong Technology's IPO application changed to "submission for registration", and the date of the company's IPO approval by the Shenzhen Stock Exchange's listing committee was May 12, 2023.

The company is committed to "making material handling easier" and focuses on the research, production and sales of automated material handling lines and equipment, mainly for the handling of powders, granules, liquids and slurries, and is dedicated to providing one-stop comprehensive material handling solutions for downstream industries such as lithium batteries, fine chemicals, rubber and plastics, food and pharmaceuticals. The company plans to raise RMB532 million in this IPO, which will be invested in the Smart Material Conveying and Mixing Automation System Project, replenishment of working capital and the Research and Development Center Project. The sponsor of this issue is China Citic Securities Co., Ltd.

Financial data shows that the Company achieved operating revenues of RMB332 million, RMB579 million and RMB2.178 billion in 2020, 2021 and 2022 respectively, and achieved net profits of RMB65.74 million, RMB49.93 million and RMB297.38 million respectively. In terms of growth, the Company's operating revenue increased by 276.06% in 2022 and the net profit increased by 495.55% year-on-year. (Data Treasure)

The Company's main financial indicators

Financial Indicator/Time	2022	2021	2020
Operating Revenue (in ten thousand yuan)	217822.39	57921.52	33208.85
Net profit attributable to parent	29738.69	4993.50	6574.34
Net profit attributable to parent after deducting non-current loss and profit	29446.99	4814.61	5043.61
Basic EPS (in yuan)	4.9600	0.8300	1.1000
Diluted EPS (in yuan)	4.9600	0.8300	1.1000
Weighted average return on equity (%)	86.15	29.16	58.20
Net cash provided by operating activities (in ten thousand yuan)	-5336.80	12671.76	638.45

Review Progress

Review Progress, ChiNext, ChiNext IPO

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