On the afternoon of April 15, the online investor exchange meeting of wangbian electric (Stock Code: 603191) for the initial public offering of A-Shares was held at Shanghai Securities roadshow center · China Securities Network. The main members of the company’s management and the sponsor Citic Securities Company Limited(600030) were guests at the live broadcast and had a three hour in-depth exchange with netizens on market topics such as the company’s main business, business performance, competitive advantage and development strategy.
According to the announcement, wangbian electric plans to issue about 832919 million new shares at an issue price of 11.86 yuan / share. Before the launch of the callback mechanism, the initial number of offline shares issued was about 499759 million, accounting for about 60% of the total issued this time; The initial number of shares issued online was 33.316 million, accounting for about 40% of the total issued this time. The online subscription of this offering is abbreviated as “wangbian subscription”, the subscription code is “732191”, and the online subscription time is April 18.
According to Yang Zemin, chairman and general manager of wangbian electric, the company has been deeply engaged in the power transmission and distribution and control equipment industry for nearly 30 years, and has always adhered to its main business. Through continuous production practice and technological innovation, the company has mastered the key production processes and a number of core technologies in the field of power transmission and distribution and control equipment, which has won the recognition and praise of customers in the industry. On this basis, the company began to prepare its own oriented silicon steel production line in 2016 and put the oriented silicon steel into operation in 2017, which made the company form an integrated industrial chain from key raw materials to end products, forming a unique competitive advantage. The company was listed in the national small and medium-sized enterprise share transfer system in 2015. With the help of the power of the capital market, the company hopes to grow steadily from a small and medium-sized enterprise with a net profit of 50million yuan to a large and medium-sized enterprise with a net profit of nearly 200million yuan in the past six years, bringing safety and convenience to more enterprises and households.
When an investor asked about the investment project of the raised funds, ye Jianzhong, executive general manager of Citic Securities Company Limited(600030) investment bank management committee, replied that the raised funds will be used for the construction of intelligent complete electrical equipment industrial base, the technical transformation project of 110kV and below energy-saving transformer intelligent chemical plant, the intelligent manufacturing project of low iron loss and high magnetic induction silicon steel core R & D center, information construction projects and supplementary working capital. After the implementation of the raised investment project, the company will further break through the existing capacity bottleneck, expand the company’s business scale and enhance its sustainable profitability. At the same time, this issuance and listing is conducive to further standardize the company’s operation and management, expand the company’s brand awareness and influence, attract more talents to join the company’s team, and further expand the company’s development space by taking advantage of the resource advantages of the capital market.
According to a set of data provided by Li Daiping, Secretary of the board of directors and financial director of the company, from 2018 to 2020, wangbian electric achieved operating revenue of 894 million yuan, 1108 million yuan and 1297 million yuan respectively, and net profit of 53.654 million yuan, 109 million yuan and 142 million yuan respectively, maintaining a steady growth trend. Benefiting from the continuous brand accumulation and the release of oriented silicon steel production capacity, the company’s operating revenue reached 1.933 billion yuan in 2021, with a year-on-year increase of 49.08%; The net profit attributable to the parent company was 178 million yuan, a year-on-year increase of 25.01%; The net profit after deducting non-profit was 172 million yuan, an increase of 52.40%.
Based on the current operating conditions and market environment, the company preliminarily expects to realize an operating revenue of about 390 million yuan to 390 million yuan in the first quarter of 2022, with a year-on-year increase of 8.15% to 13.99%; The net profit attributable to the parent company was about 33 million yuan to 38 million yuan, an increase of 4.15% to 13.62%; The net profit after non deduction was about 33 million yuan to 36 million yuan, an increase of 5.14% to 14.77%.
Standing at the new starting point of listing, Yang Zemin said that the company will always adhere to the mission vision of “building a hope transformation brand, creating an industry pioneer and becoming a century old enterprise”, continue to research and develop energy-saving, environmental friendly and intelligent electrical equipment products and high-end electrical steel materials, continue to innovate, promote the digital transformation and upgrading of manufacturing mode, comprehensively improve the company’s information management level, and strive to build the company into China’s transmission, distribution and control equipment It is a well-known and influential high-quality service provider in the field of electrical steel materials and energy management.
