On April 6, Zhongfu Shenying officially landed on the scientific innovation board of Shanghai Stock Exchange. As the first listed company on the science and innovation board under China Building Materials Group, Zhongfu Shenying issued 100 million shares at an issue price of 29.33 yuan / share and raised 2.933 billion yuan. It is intended to be used in projects such as Xining’s annual output of 10000 tons of high-performance carbon fiber and supporting precursor, aerospace high-performance carbon fiber and precursor test line, research, development and manufacturing of carbon fiber aviation applications, etc.
For more than ten years, Zhongfu Shenying has been deeply engaged in the field of carbon fiber and continuously broke through the bottleneck of carbon fiber technology through technological research and development. The company has won the commendation award of China industry award issued by China Industrial Economic Federation, the first prize of “light of textile” scientific and technological progress issued by China Textile Industry Federation three times, and the gold award of China Textile Industry Patent Award issued by China Textile Industry Federation once. In January 2018, the company’s achievement of “key technology and application of dry jet wet spinning thousand ton high strength / hundred ton medium model carbon fiber industrialization” won the first prize of 2017 National Science and technology progress award. It is the only enterprise in China’s carbon fiber field to win this award, laying the company’s leading position in China’s carbon fiber field.
At present, Zhongfu Shenying takes the lead in realizing the industrialization of high-performance dry jet wet spinning carbon fiber in China, and has obtained 59 authorized patents, including 26 invention patents. As the main drafting unit, Zhongfu Shenying participated in the formulation of the national standard of polyacrylonitrile based carbon fiber twice and the industrial standard of Polyacrylonitrile Based carbon fiber precursor once, It is one of the few Chinese enterprises that master the core technology of high-performance carbon fiber production and can realize large-scale production, which has broken the monopoly position of developed countries in the global high-performance carbon fiber industry to a certain extent.
Technology and product production are becoming more and more mature, and the revenue and net profit of Zhongfu Shenying have continued to increase in recent years. In 2018, 2019 and 2020, the revenue of Zhongfu Shenying was 308 million yuan, 415 million yuan and 532 million yuan respectively, and the net profit was – 24 million yuan, 26 million yuan and 85 million yuan respectively. In 2021, the company’s operating revenue was 1.173 billion yuan, a year-on-year increase of 120.44%; The net profit was 279 million yuan, a year-on-year increase of 227.02%. With the production of Shenying Xining 10000 ton carbon fiber project, the competitiveness and scale effect of Zhongfu Shenying products will be further highlighted and the profitability will be further enhanced.
At the listing ceremony, Zhou Yuxian, party secretary and chairman of China Building Materials Group, said that Zhongfu Shenying is an important member of the group’s new materials sector. For more than a decade, Zhongfu Shenying has continuously improved its independent innovation ability in the field of carbon fiber, which has a far-reaching impact on realizing the autonomy and control of China’s strategic core materials. He hoped that Zhongfu Shenying could take advantage of this listing opportunity to further improve the enterprise’s technical strength and comprehensive competitiveness, and repay shareholders and society with better results. China Building Materials Group will continue to support Zhongfu Shenying.
Zhang Guoliang, chairman of Zhongfu Shenying, said that as the development of Zhongfu Shenying has entered a new historical stage, the company will continue to carry out technological innovation, industrial upgrading and market expansion, make full use of the power of the capital market, firmly grasp the opportunity period of rapid industrial development, further improve production efficiency, enhance scale advantage, enhance core competitiveness, and open up a new situation for the high-quality development of China’s carbon fiber industry.
