Linuo Special Glass will be listed soon Jinan City will achieve "full coverage" in all districts and counties of listed companies

Qilu.com·Lightning News, September 21. Recently, the China Securities Regulatory Commission announced that it has agreed to Jiangsu Hualan Pharmaceutical New Materials Co., Ltd. and Shandong Linuo Special Glass Co., Ltd. (hereinafter referred to as "Lino Special Bo") , Rena Intelligent Equipment Co., Ltd., and Xinxiang Tuoxin Pharmaceutical Co., Ltd. registered for the initial public offering of shares on the Growth Enterprise Market. These companies and their underwriters will negotiate with the Shenzhen Stock Exchange to determine the issuance schedule and publish prospectus documents one after another.

News from Jinan Local Financial Supervision and Administration Bureau shows that Linuo Special Glass will become the first listed company of after the successful issuance and listing. It also marks that Jinan City will successfully realize all the districts of listed companies. "Full coverage" of the county.

Linuo Special Glass was registered, and the actual controller was once the richest man in Jinan

According to public information, Shandong Linuo Special Glass Co., Ltd. is a high-tech enterprise with new glass materials as its leading products. It was established in 2002 In March 2008, the registered capital was 174 million yuan, and the headquarter is located in the government resident of Yuhuangmiao Town, Shanghe County, Jinan City, Shandong Province. The company now has three series of products: medicinal packaging glass, heat-resistant glass, and electric light source glass, and the product quality has reached the international advanced level. Mainly drafted a number of national standards such as microwave oven glass trays, and participated in the formulation of industry management standards such as heat-resistant glass labels. It has more than 30 patented technologies, and has self-operated import and export rights and Shandong Provincial Enterprise Technology Center and other technology research and development platforms .

The company's official website shows that in 2018, Linuotebo was successfully selected as the invisible champion enterprise list of small and medium-sized enterprises in Shandong Province; in 2020, it was recognized as "Shandong Gazelle Enterprise" and "Shandong Province Specialized New Enterprise" by the Provincial Department of Industry and Information Technology. "; In March 2021, in the fifth batch of national manufacturing single champion companies jointly announced by the Ministry of Industry and Information Technology and China Federation of Industrial Economics, Linuo Special Glass was on the list and became China's heat-resistant glass. The only company on the list in the utensils industry.

Picture / Linuo Tebo is on the list of national manufacturing single champion companies.(Source: Linuo Tebo official website)

According to the data from Qicha APP, the controlling shareholder of Linuo Tebo is Linuo Investment Holding Group Co., Ltd. (hereinafter referred to as "Linuo Investment"), and the actual controller is Gao Yuankun , Gao Yuankun controls 41.50% of Linuotebo's shares through Linuo Investment. In 2008, Gao Yuankun was listed on the Hurun Rich List and became the richest man in Jinan with a net worth of 4 billion yuan; on the Shandong Wealth Creation List in 2018, Gao Yuankun once again became the richest man in Jinan with a wealth of 7.245 billion.

It is worth mentioning that in addition to Linuote Glass, Gao Yuankun also owns Shandong Keyuan Pharmaceutical Co., Ltd. (hereinafter referred to as “Keyuan Pharmaceutical”), Shandong Hongjitang Pharmaceutical Group Co., Ltd., Nuo Power Group Co., Ltd. and many other companies. It is reported that the progress of Keyuan Pharmaceutical's listing is currently in the inquiry stage.

In terms of corporate financial data, Qichacha APP shows that Linuotebo's performance has continued to improve in recent years. From 2018 to 2020, the company achieved operating income of 598 million yuan, 656 million yuan, and 660 million yuan, respectively, and net profits were 65,594,700 yuan, 82,867,800 yuan, and 90.803 million yuan. In the first quarter of 2021, the company achieved operating revenue of 1.97 yuan. 100 million yuan, achieving a net profit of 24.204 million yuan.

County breakthrough, Linuo Tebo will become the first listed company in Shanghe County

In April 2021, Shanghe County Industrial Economic Conference will be held, leading the outstanding performance in the construction of a strong industrial county in 2020 Companies and leading entrepreneurs were commended and rewarded. Linuotebo won the three awards of "Outstanding Contribution Leading Enterprise", "Brand Building Leading Enterprise" and "Leading Entrepreneur", and won the 3.61 million fund award from Shanghe County Government.

Picture/Shandong Linuo Special Glass Co., Ltd. (Source: Linuotebo's official website)

In recent years, Jinan City has vigorously promoted the implementation of the "County Breakthrough" project for enterprise listing, starting from the excavation and cultivation of reserve resources,Mobilize the power of capital market intermediaries, actively seek the support of experts from Shanghai and Shenzhen stock exchanges, set up a dedicated work team, conduct in-depth visits and investigations to potential enterprises in relevant county jurisdictions, and hold special presentations and trainings. According to the characteristics of the industrial layout of each county and the development of enterprises, help formulate detailed resource cultivation plans, combine financial counselors to enter the enterprise activities, guide enterprises to seize the speed and efficiency of the science and technology innovation board, and accelerate the reform opportunities of the growth enterprise board registration system Listing process. In 2019, Pingyin County achieved both corporate listing and NEEQ listing at the same time. After Linuotebo's successful issuance and listing, it will end the history of no listed companies in Shanghe County for many years. Jinan City will successfully achieve "full coverage" of all districts and counties of listed companies.

Lightning News reporter Yang Yujin reports

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