On December 24, 2021, Changjiang materials (001296) was listed on the main board of Shenzhen Stock Exchange. On the first day, it reached the 44% limit and closed at RMB 36.81, with a total market value of RMB 3.026 billion and a dynamic P / E ratio of 27.39.
In this way, the market value of the chairman bear Eagle family reached 1.972 billion yuan.
Upstream news reporters learned that, as the "king of casting material segmentation", Changjiang material is the fifth new share of Chongqing this year and the sixth listed Chongqing enterprise this year. Previously, Shanghai main board Bank Of Chongqing Co.Ltd(601963) , Chongqing Sifang New Material Co.Ltd(605122) , Beijing stock exchange xin'anjie (translational listing), China design consulting and Shenzhen main board San Yang Ma (Chongqing) Logistics Co.Ltd(001317) realized A-share listing.
the expected net profit this year is 98.97 million yuan to 115 million yuan
Due to the epidemic, the on-site listing ceremony of Changjiang materials was held in Chongqing Jiefangbei Chongqing share transfer center, Yuzhong District, Chongqing. Xiong Ying, chairman of Changjiang materials, sounded the bell of listing. This is the 1488th listed company on the Shenzhen main board and the 2574th listed company in Shenzhen.
According to tianyancha data, Changjiang materials is registered in Beibei District, Chongqing. The predecessor of the company, Changjiang Co., Ltd., was established on August 8, 1996 and changed into a joint-stock company in June 2012. The controlling shareholders and actual controllers are Xiong Ying and Xiong Jie.
Changjiang materials is mainly engaged in 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; And the R & D, production and sales of fracturing proppant.
From 2018 to 2020, the company achieved operating revenue of RMB 749 million, RMB 862 million and RMB 946 million respectively, and net profit attributable to the parent company was RMB 92.4088 million, RMB 104 million and RMB 120 million respectively, showing a steady growth trend as a whole.
Considering that the price of fracturing proppant, the main product of Changjiang material, is still low, and the shutdown and production reduction caused by the lack of core in the downstream automotive industry, it is estimated that the annual operating revenue in 2021 will be 881 million yuan to 949 million yuan, with a year-on-year increase of - 6.87% to 0.36%; The net profit attributable to the parent company was 98.97 million yuan to 115 million yuan, a year-on-year decrease of 3.43% to 17.24%. It is estimated that the net profit attributable to the shareholders of the parent company after deducting non recurring profits and losses is 91.9 million yuan - 107.17 million yuan, a year-on-year decrease of 4.20% - 17.86%.
Changjiang materials issued 20.55 million shares this time at an issue price of 25.56 yuan / share, with a total share capital of 82.19941 million shares. The net fund raised is about 455 million yuan, which is intended to be invested in the "environmental protection coated sand production and recycling project of casting waste sand" of Chongqing Tongliang base, Hubei Shiyan base and Xiantao base, the "new project with an annual output of 72000 tons of sand core and 79200 tons of ccatek environmental protection coated sand" of Jiangsu Changzhou base, and supplement working capital. The bear Eagle family holds a stock market value of 1.972 billion yuan
The upstream news reporter learned that the controlling shareholders and actual controllers of Changjiang materials are Xiong Ying and Xiong Jie. They jointly hold 60.33% of the shares before the issuance of the company, of which Xiong Ying holds 33.12% and Xiong Jie holds 27.21%.
Xiong Ying, born in February 1957, Chinese nationality, without permanent residency abroad, senior engineer, MBA. Xiong Ying studied light machinery in Sichuan Industrial school and mathematics and computer in Southwest Normal University.
Xiong Ying taught in Fangjia No. 2 primary school in Renshou County, Sichuan Province in his early years, and later worked as a technician in Yibin Changjiang paper company; From 1982 to 1985, worked as a technician in Chongqing glass refractory factory; From 1985 to 1989, he served as deputy director, acting director and director of Beibei Light Industry Refractory Factory; From 1990 to 1992, he served as the general manager of Beibei kiln engineering company; He founded Changjiang materials in 1992 and is now the chairman.
Xiong Jie, born in January 1965, Chinese nationality, without overseas permanent residency, bachelor degree, graduated from Southwest Agricultural University in business administration. Xiong Jie worked as a storekeeper in Lingyang grain station, Renshou County, Sichuan Province in his early years, and then as a factory director in Sichuan National Grain Reserve. He entered Changjiang materials in 1999 and is now the managing director.
Xiong fan, the son of Xiong Ying, holds 11.04% of the shares; Xiong Yin, the son of Xiong Jie, holds 9.07% of the shares. The four persons are persons acting in concert, and the four persons hold 80.44% of the shares of the company before the issuance. After the issuance of Changjiang materials, the four people held about 60.33%, which was equivalent to a market value of about 1.826 billion yuan according to the latest share price of 36.81 yuan.
In addition, Zhuang Xiong and Xiong Wei are brothers of Xiong Ying and Xiong Jie, holding 5.4841% and 0.098% of the shares before the issuance of Changjiang materials respectively. They serve as deputy general manager and procurement director respectively. After the issuance, they account for 4.113% and 0.735% of the total share capital respectively, and their total shares account for 4.848% of the total share capital.
In this way, the chairman Xiong Ying family holds 65.18% of the total share capital, with a market value of 1.972 billion yuan.
the actual control brothers train their sons to succeed
According to the prospectus, Xiong fan and Xiong Yin, the third and fourth largest shareholders of Changjiang materials, hold about 6.8 million shares and 5.59 million shares respectively. According to the share price of 36.81 yuan, the market value is 250 million yuan and 206 million yuan respectively.
The shares held by the two men came from their respective fathers. In December 2015, Xiong Ying transferred 6805482 shares of Changjiang materials to his son Xiong fan by agreement at the cost price of RMB 0.09 per share, and Xiong fan paid the transfer amount of RMB 612500.
Xiong Jie transferred his 5592182 shares of Changjiang materials to his son Xiong Yin by agreement at the cost price of RMB 0.09, and Xiong Yin paid the transfer amount of RMB 503300.
Xiong fan, male, born in June 1982, Chinese nationality, without overseas permanent residency, bachelor degree, majored in computer science and technology in Chongqing University of technology from September 2001 to June 2005; From June 2005 to November 2012, he served as the general manager of Chongqing yiteke Technology Co., Ltd; From December 2012 to now, he has served as the assistant to the chairman of Changjiang materials.
Xiong Yin, male, born in April 1989, Chinese nationality, without overseas permanent residency, bachelor degree, majored in Econometrics at the Business School of the University of Sydney from 2008 to 2012; From March 2013 to February 2015, he served as assistant general manager of Changjiang materials; From February 2015 to April 2017, he served as deputy director of production management center; Deputy director of operation management center since May 2017.
People familiar with the matter pointed out that Xiong fan and Xiong Yin, as the second generation, are participating in enterprise management and are training to pave the way for future succession.
(upstream News)
