Today (December 20), Lily Group Co., Ltd. (hereinafter referred to as "Lily") (stock code: 603823.SH) is officially listed on the A-share market.
According to the prospectus, Lily was established in 1995. After more than 20 years of development, the company has become a leading enterprise in the comprehensive competitiveness of the domestic organic pigment industry. Its production scale, technical level and product quality are at the leading domestic level. It has a national-level enterprise technology center and a national post-doctoral workstation. In cooperation with the academician Tian He of the Chinese Academy of Sciences, the academician Tian He has established a workstation to carry out research and development of existing technology upgrades and cutting-edge technology reserves.
In order to strengthen the strategic cooperation in the field of high-performance organic pigments, in December 2004 Lily signed the "Lily Clariant Joint Venture Contract" and "Lily" with the world's leading fine chemical manufacturer and one of the world's top three pigment manufacturers. Clariant's Articles of Association "and jointly established Lily Clariant. At the same time, Clariant Group is the largest customer of Lily Flowers. In 2013, 2014, 2015 and the first half of 2016, the sales revenue of Lily Flowers to Clariant Group was 385,247,500 yuan, 439,257,700 yuan, 386,207,300 yuan and 241,459,900 yuan. RMB, accounting for 32.32%, 34.62%, 31.68% and 35.47% of the current operating income respectively.
The prospectus showed that Lily's operating income in 2015 and the first half of 2016 were 115,595,440 yuan and 6,818,813 yuan, respectively, and net profit was 153,413,300 yuan and 95,341,100 yuan.
In the 21st century, China has gradually become the world's main production base of fine chemical products, and it is also the world's most important consumer market. Based on factors such as industrial supporting needs, huge domestic market potential, and production cost advantages, the trend of the world's organic pigment industry shifting to Asia is becoming increasingly apparent.
The prospectus disclosed that according to the data of the Organic Pigment Professional Committee of the China Dyestuff Industry Association, China has become the world's most important producer of organic pigments. In 2015, the output of the entire organic pigment manufacturing industry in China reached 323,300 tons, ranking first in the world. One. China's organic pigment industry market demand in 2012 was about 120,000 tons, since 2013 has maintained an annual growth rate of about 8%. The proportion of organic pigments produced in China for export exceeds 60%.
In this listing, Lily is planning to publicly issue 56.25 million shares and raise funds of 431.2975 million yuan, of which 34.297975 million yuan will be used to produce 8,000 tons of high-performance and environmentally-friendly organic pigment projects, and the remaining 86 million yuan will be used to supplement working capital.