Today (May 23), Jiangsu Jingrui Chemical Co., Ltd. (hereinafter referred to as “Jingrui Shares”) (stock code: 300655.SZ) is officially listed on the GEM.
Public information shows that Jingrui is a high-tech enterprise specializing in R & D, production and sales of microelectronic chemicals. It mainly produces four major categories of microelectronic chemicals and applies them to five downstream industries: leading products include ultra-clean high-purity Reagents, photoresists, functional materials, and lithium battery binders are four types of microelectronic chemicals, which are widely used in five emerging industries such as semiconductors, photovoltaic solar cells, LEDs, flat panel displays, and lithium batteries, and are specifically applied to downstream electronic information Product cleaning, photolithography, development, etching, film removal, slurry preparation and other process links. During the reporting period, in addition to the above-mentioned microelectronic chemicals, the company also produced and sold a small amount of food-grade disinfectant peroxyacetic acid products.
According to the prospectus, Jingrui's 2016 operating income was 439,877,860.07 yuan, net profit was 44,074,224.58 yuan; 2015 operating income was 318,807,805.34 yuan, net profit was 39,058,242.11 yuan; 2014 operating income was 336,087,867.88 yuan, and net profit was 58,761,609.86 yuan.
According to the prospectus, according to the statistics of the China Electronic Materials Industry Association, it is predicted that the demand for ultra-clean high-purity reagents and functional materials in the three major application markets in China from 2015 to 2018 will be 522,000 tons, 588.1 million tons, 651,000 tons and 733,000 tons, with an average annual compound growth rate of 12%; at the same time, according to the research report of Zhongcheng Securities, the global photoresist market size is about 35 billion yuan, the Chinese market is nearly 10 billion yuan, of which the PCB market is close to 7 billion yuan In the field of flat panel display, 1.5-1.6 billion yuan, and in the field of semiconductors, 700-800 million yuan. In the future, domestic photoresist products will have a huge domestic replacement space. According to the national development plan, sales of new energy vehicles are expected to reach 2 million by 2020. Lithium As an important raw material for making lithium battery negative electrodes and separators, battery binders will also grow rapidly in the future.
The prospectus shows that the investment projects raised by the fundraising include: technological innovation projects of ultra-fine high-purity reagents, photoresists and other new fine chemicals, R & D center projects, and sales technical service center projects. At the same time, the 70 million yuan raised will be used as a supplementary flow funds.
Jingrui Co., Ltd. stated that after the issuance of funds to supplement working capital, the company will reduce the company's asset-liability ratio, improve the company's solvency and asset liquidity; at the same time, the company will strengthen its research and development innovation, production operations and business development. Capital security will further consolidate and improve the company's core competitiveness in the industry.