Sealand Securities Co.Ltd(000750)
about
Initial public offering of Chongqing Changjiang molding materials (Group) Co., Ltd
of
Listing recommendation
No. 13, Fuxing Road, Guilin City, Guangxi Zhuang Autonomous Region
Shenzhen Stock Exchange:
Approved by the document of China Securities Regulatory Commission (zjxk [2021] No. 3622), Chongqing Changjiang modeling materials (Group) Co., Ltd. (hereinafter referred to as "the issuer", "the company" and "Changjiang materials") publicly issued 20.55 million social public shares. The prospectus was published on November 16, 2021. The issuer has promised to go through the formalities of industrial and commercial registration change as soon as possible after the issuance. Sealand Securities Co.Ltd(000750) (hereinafter referred to as " Sealand Securities Co.Ltd(000750) " and "sponsor" ）We believe that the application of Changjiang materials for listing its shares fully complies with the relevant provisions of the company law of the people's Republic of China, the securities law of the people's Republic of China and the stock listing rules of Shenzhen Stock Exchange. We hereby recommend that its shares be listed and traded in your exchange. The relevant information is reported as follows:
1、 Overview of the issuer
(i) Basic information of the issuer
Name of issuer: Chongqing Changjiang molding materials (Group) Co., Ltd
English Name: Chongqing Changjiang River molding material (Group) Co., Ltd
The registered capital before issuance was 61649410 yuan
The registered capital after issuance is 82.19941 million yuan
Legal representative: Xiong Ying
Date of establishment of the company: August 8, 1996
Overall change establishment date: December 19, 2012
Company domicile: No. 6, Wuxing Middle Road, tongjiaxi Town, Beibei District, Chongqing
Postal Code: 400709
Tel: 023-8821 2160
Fax No.: 023-8821 2150
Internet address http://www.ccrmm.com..cn./
E-mail [email protected].
Information disclosure Department: Securities Affairs Department
Person in charge of information disclosure Zhou Lifeng
Production and sales of coated sand, inorganic binder and fracturing proppant; Casting auxiliary materials, stone business scope: English sand, ceramsite, antirust agent; Production and sales of mechanical equipment and parts; Recovery and treatment of casting waste sand; Sales of recycled sand; Import and export of goods; Oil drilling and production technical services. (for projects subject to approval according to law, business activities can be carried out only after approval by relevant departments)
Type of securities issuance: initial public offering (A shares) and listing
（2） Establishment method of the issuer
The issuer is Chongqing Changjiang molding materials (Group) Co., Ltd., a joint stock limited company established as a whole on the basis of the audited book net assets of 128.0095 million yuan as of June 30, 2012 and converted into share capital of 58.0899 million yuan at the ratio of 2.2036:1, with a par value of one yuan per share.
On 6 December 2012, Tianjian Certified Public Accountants (special general partnership) issued the capital verification report (tjy [2012] No. 8-25) and confirmed that as of November 16, 2012, the sponsors had received all shareholders' Chongqing Changjiang modeling materials As of June 30, 2012, the audited net assets of (Group) Co., Ltd. were RMB 128.0095 million, equivalent to 58.0899 million paid in capital shares, and the capital reserve was RMB 69.9196 million.
On December 7, 2012, Changjiang Co., Ltd. held its inaugural meeting and the first extraordinary general meeting of shareholders, which deliberated and adopted various proposals related to restructuring.
On December 19, 2012, Changjiang materials completed the registration formalities for the overall change at Chongqing Administration for Industry and Commerce and received the changed business license for enterprise legal person, Registration No. 500109000003198. The company type is a joint stock limited company with a registered capital of 58.0899 million yuan.
（3） Main business
The issuer is a large professional coated sand production supplier and waste (old) sand resource solution provider in China. It has the following capabilities: raw sand mining and processing, production of coated sand for casting, sand core and casting auxiliary materials, R & D and production of casting waste (old) sand regeneration technology and equipment, and production of fracturing proppant. It has formed self-sufficiency of raw materials, product production and extended manufacturing, and production of casting waste Integrated comprehensive service advantage of (old) sand recycling.
The company's main business is the R & D, production and sales of silicon sand, coated sand and sand core for casting; R & D and production of foundry waste (old) sand regeneration technology and equipment; R & D, production and sales of fracturing proppant. The company's foundry sand is mainly used for casting production in automobile, motorcycle, internal combustion engine, agricultural machinery, engineering machinery and other industries; fracturing proppant is used for oil, natural gas and shale gas exploitation.
The issuer has established production bases in Chongqing Beibei, Chongqing Tongliang, Hubei Shiyan, Hubei Xiantao, Jiangsu Kunshan, Jiangsu Changzhou, Sichuan Chengdu, Sichuan Yibin, Sichuan Guangyuan, Shandong Jinan, Yunnan Kunming, Inner Mongolia kezuohou banner and other places, and has 30 international advanced automatic coated sand production lines and resin coated proppant production lines, 20 casting waste (old) sand regeneration production lines, 4 scrubbing sand and 4 roasting sand production lines and 6 sand core production bases. In 2020, the company's production capacity of casting sand: 500000 tons of scrubbing sand, 200000 tons of roasted sand, 580000 tons of coated sand and waste sand 470000 tons of (old) recycled sand and 20000 tons of sand core. The company has strong R & D strength and has obtained 140 national patent intellectual property certificates (including 44 invention patents).
The reclaimed sand mold coated sand, "Changjiang Kangte" environmental protection coated sand and "Changjiang Saite" inorganic coated wet sand developed by the company are green casting innovative products with great promotion significance. The developed CZs waste (old) sand regeneration technology and equipment are in a leading position in China.
In the future, the issuer will adhere to the concepts of "energy conservation and consumption reduction", "circular economy" and "green environmental protection", be policy oriented, market-based and supported by innovative R & D, We will continue to expand the regeneration capacity of waste (old) sand, focus on the development of environmentally friendly coated sand for casting and fracturing proppant for oil and gas development, and strive to become an integrator of green casting and oil and gas stimulation services.
（4） Main financial data of the issuer
Tianjian Certified Public Accountants (special general partnership) has issued a standard unqualified audit report (TJs [2021] No. 8-336) on the issuer's financial report for the last three years. The main financial data and main financial indicators of the company's consolidated financial statements for the last three years are as follows:
1. Main data of consolidated balance sheet
Unit: 10000 yuan
Project 2021-06-302020-12-31, 2019-12-31, 2018-12-31
Current assets 79722.6583085.4069626.5060463.21
Non current assets 49765.6343116.4038727.8332446.98
Total assets 129488.28126201.80108354.3392910.19
Current liabilities 19622.3122659.2518412.2713815.74
Non current liabilities 5999.895092.793898.493536.30
Total liabilities: 25622.2027752.0422310.7617352.04
Owner's equity 103866.0898449.7686043.5775558.15
Owner's equity attributable to the parent company 103374.0097980.4486043.5775558.15
2. Main data of consolidated income statement
Unit: 10000 yuan
Project from January to June 2021, 2020, 2019 and 2018
Operating income 46313.2994561.9186189.9874904.83
Operating profit 6075.8914028.4511441.6510719.22
Total profit 6382.8014137.0311413.0010731.44
Net profit 5369.6811952.3410406.339240.88
Net profit attributable to owners of the parent company: 5400.9311958.221046.339240.88
Net profit attributable to shareholders of the parent company after deducting non recurring profits and losses 4860.3411187.469533.238606.13
Minority shareholders' profit and loss -31.25-5.88--
Total comprehensive income 5369.6811952.3410406.339240.88
Unit: 10000 yuan
Project from January to June 2021, 2020, 2019 and 2018
Net cash flow from operating activities 2439.221990.916948.695763.12
Net cash flow from investment activities -4412.45-7490.33-4731.86-767.55
Net cash flow from financing activities -102.212576.61-3165.642726.11
Effect of exchange rate changes on cash and cash equivalents -2.10-5.620 710.61 impact of
Net increase in cash and cash equivalents -2077.54-2928.44-948.107722.30
4. Main financial indicators
Financial indicators: 2021-06-302020-12-31, 2019-12-31, 2018-12-31
Current ratio (Times) 4.063.673.784.38
Quick ratio (Times) 3.012.782.983.40
Asset liability ratio (parent company) (%) 17.5919.2521.8915.35
Intangible assets (excluding land use right and water)
Surface aquaculture right and mining right (after) account for 0.000% of net assets 0040.030. Proportion of 0.05 (%)
Net assets per share attributable to shareholders of the issuer
