On October 20-21, 2022, the "Bio-Based Materials Technology and Application Forum" will be held in Suzhou , Tsinghua University Chen Guoqiang , Andy Lau , Anhui Chinese Student Zhang Yu , Changchun Institute of Edification Bian Chao , Donghua University Yumuhuo , Anhui Fengyuan Fan Yaqing , Walter Chen Bo , etc. delivered keynote speeches.
Biodegradable Materials Research Institute reported that on September 30, Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. (hereinafter referred to as Zhongxin Co., Ltd.) submitted its initial public offering prospectus (draft application), intending to sprint for IPO listing on the main board of Shanghai Stock Exchange .
The number of new shares planned to be issued by the company this time shall not exceed 25.5597 million shares, accounting for no less than 25% of the total number of shares after this issuance. This issuance will not be made publicly for the original shareholders. The total investment of the company's planned investment project is approximately 1.538 billion yuan, and plans to invest about 1.538 billion yuan in . The main fundraising projects are the annual output of 100,000 tons of sugarcane bagasse biodegradable environmentally friendly tableware project (Chongzuo Zhongxin Phase I), the annual output of 100,000 tons of sugarcane bagasse biodegradable environmentally friendly tableware project (Laibin Zhongxin Phase I), the R&D center construction project, and the supplementary working capital.
Zhongxin Co., Ltd. raised 1.538 billion yuan and invested two 100,000 tons of sugarcane bagasse projects
Prospectus shows that the company is a high-tech enterprise specializing in the research, development, production and sales of natural degradation plant fiber molding products. The company's products mainly use bagasse slurry, bamboo slurry, and other natural plant fiber materials, and are molded through molding to achieve molding effects similar to plastic products blistering and injection molding processes. They are a good replacement for plastic products and are widely used in catering, fast-moving consumer goods, medical care, industry and other fields.
The company's main products include dine-in and dining series, takeaway packaging series of catering utensils, other auxiliary supplies, and boutique industrial packaging series products.
Company has 2 invention patents, 66 utility model patents, and 312 appearance design patents, and has participated in the compilation of industry standards such as " Green Paper Takeaway Packaging Products General Requirements ". The company is a national high-tech enterprise , a provincial-level specialized and specialized small and medium-sized enterprises, and a provincial hidden champion cultivation enterprise, and has a Zhongxin Biomass Composite Packaging Materials High-tech Enterprise Research and Development Center (a Zhejiang Provincial High-tech R&D Center); its subsidiary Zhongsheng Fiber is a national high-tech enterprise, a provincial specialized and specialized small and medium-sized enterprises, and a provincial hidden champion cultivation enterprise; its subsidiary Guangxi Huabao was successfully selected into the first batch of "paper takeaway packaging recommendation list" of " Qingshan Plan " and has won the honors of "specialized and specialized" small and medium-sized enterprises in the autonomous region. In terms of performance, the operating income was 910 million yuan, and the net profit attributable to the parent was 99 million
Zhongxin Co., Ltd. In 2019, 2020, 2021, and January-March 2022, the company achieved operating income of 556 million yuan, 578 million yuan, .91 billion and 265 million yuan, respectively, and the net profit attributable to the parent company's owners was 111 million yuan, 115 million yuan, 9.6092 million and 50.28 million yuan, respectively. Among them, catering utensils account for 99.84%, 99.82%, 99.50% and 99.57% of the main business revenue, which is the main source of the company's revenue and profits.
Zhongxin Co., Ltd.'s three-year performance
Zhongxin Co., Ltd.'s main business income composition
Zhongxin Co., Ltd.'s production capacity, output, sales volume In terms of sales, the company mainly sells overseas, with a small part being domestic sales
sales during the reporting period, and the ratio of foreign sales to main business revenue was 95.19%, 94.06%, 91.27%, and 91.29% respectively.
overseas sales , providing overseas customers with customized naturally degraded plant fiber catering utensils. The products are mainly sold to North America, Europe and other countries and regions. The export customers are mainly large catering and food packaging products manufacturers, such as AmerCareRoyal, Huhtamaki, Sabert, World Centric, Eco-Products, Berk Enterprises, Clark Associate, etc.
domestic sales , and domestic customers are mainly traders. The company sells unlicensed product and its own brand " sugar cane jun " through traders. The end customers include large supermarkets and well-known chain catering companies such as Sam’s ( Sam Membership Store ), Hema Fresh , Guangzhou Restaurant , Juewei Duck Neck , etc.
Zhongxin Co., Ltd.'s main business income structure of the region
The main raw materials are pulp raw materials as the main raw materials
The bagasse pulp and bamboo pulp among the main raw materials produced and used by the company are pulp raw materials, and their prices are greatly affected by the fluctuations in the price of pulp . During the reporting period, the price changes of pulp in the market were shown in the figure below. Plant fiber pulp such as
bagasse pulp is the company's main raw materials and is related to fluctuations in the pulp market price. The price of pulp fell in 2019, and the overall fluctuation was large in 2020. The general rise in global raw material market prices in 2021 drove the price of pulp prices to increase by a larger increase compared with 2020. In 2021, the company's pulp raw materials procurement prices both rose sharply, consistent with the trend of pulp prices.
Zhongxin Shares Raw Materials Procurement Situation
The issuer's controlling shareholder and actual controller are Teng Bubin
As of the date of signing this prospectus, Teng Bubin directly holds 23.5403% of the company's shares and indirectly holds the company 14.0665% of the shares indirectly controls 38.8458% of the company's equity by controlling Zhejiang Dafeng, Jinhua Hongshi, Jinhua Zhongteng, Jinhua Yuyu, Jinhua Xinzhi, Jinhua Jianzhu, Jinhua Huanqing, Jinhua Hongfu, and Jinhua Tianjun, so they control 62.3861% of the company's equity through direct and indirect means; Ji Wenhu, the joint actor of Teng Bubin, directly holds 27.3423% of the shares of Zhongxin Shares. In summary, Teng Bubin controls a total of 89.7284% of the company's equity through direct, indirect and joint action arrangements.
On October 20-21, 2022, the "Bio-Based Materials Technology and Application Forum" will be held in Suzhou , Tsinghua University Chen Guoqiang , Andy Lau , Anhui Chinese Student Zhang Yu , Changchun Institute of Edification Bian Chao , Donghua University Yumuhuo , Anhui Fengyuan Fan Yaqing , Walter Chen Bo , etc. delivered keynote speeches.
Biodegradable Materials Research Institute reported that on September 30, Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. (hereinafter referred to as Zhongxin Co., Ltd.) submitted its initial public offering prospectus (draft application), intending to sprint for IPO listing on the main board of Shanghai Stock Exchange .
The number of new shares planned to be issued by the company this time shall not exceed 25.5597 million shares, accounting for no less than 25% of the total number of shares after this issuance. This issuance will not be made publicly for the original shareholders. The total investment of the company's planned investment project is approximately 1.538 billion yuan, and plans to invest about 1.538 billion yuan in . The main fundraising projects are the annual output of 100,000 tons of sugarcane bagasse biodegradable environmentally friendly tableware project (Chongzuo Zhongxin Phase I), the annual output of 100,000 tons of sugarcane bagasse biodegradable environmentally friendly tableware project (Laibin Zhongxin Phase I), the R&D center construction project, and the supplementary working capital.
Zhongxin Co., Ltd. raised 1.538 billion yuan and invested two 100,000 tons of sugarcane bagasse projects
Prospectus shows that the company is a high-tech enterprise specializing in the research, development, production and sales of natural degradation plant fiber molding products. The company's products mainly use bagasse slurry, bamboo slurry, and other natural plant fiber materials, and are molded through molding to achieve molding effects similar to plastic products blistering and injection molding processes. They are a good replacement for plastic products and are widely used in catering, fast-moving consumer goods, medical care, industry and other fields.
The company's main products include dine-in and dining series, takeaway packaging series of catering utensils, other auxiliary supplies, and boutique industrial packaging series products.
Company has 2 invention patents, 66 utility model patents, and 312 appearance design patents, and has participated in the compilation of industry standards such as " Green Paper Takeaway Packaging Products General Requirements ". The company is a national high-tech enterprise , a provincial-level specialized and specialized small and medium-sized enterprises, and a provincial hidden champion cultivation enterprise, and has a Zhongxin Biomass Composite Packaging Materials High-tech Enterprise Research and Development Center (a Zhejiang Provincial High-tech R&D Center); its subsidiary Zhongsheng Fiber is a national high-tech enterprise, a provincial specialized and specialized small and medium-sized enterprises, and a provincial hidden champion cultivation enterprise; its subsidiary Guangxi Huabao was successfully selected into the first batch of "paper takeaway packaging recommendation list" of " Qingshan Plan " and has won the honors of "specialized and specialized" small and medium-sized enterprises in the autonomous region. In terms of performance, the operating income was 910 million yuan, and the net profit attributable to the parent was 99 million
Zhongxin Co., Ltd. In 2019, 2020, 2021, and January-March 2022, the company achieved operating income of 556 million yuan, 578 million yuan, .91 billion and 265 million yuan, respectively, and the net profit attributable to the parent company's owners was 111 million yuan, 115 million yuan, 9.6092 million and 50.28 million yuan, respectively. Among them, catering utensils account for 99.84%, 99.82%, 99.50% and 99.57% of the main business revenue, which is the main source of the company's revenue and profits.
Zhongxin Co., Ltd.'s three-year performance
Zhongxin Co., Ltd.'s main business income composition
Zhongxin Co., Ltd.'s production capacity, output, sales volume In terms of sales, the company mainly sells overseas, with a small part being domestic sales
sales during the reporting period, and the ratio of foreign sales to main business revenue was 95.19%, 94.06%, 91.27%, and 91.29% respectively.
overseas sales , providing overseas customers with customized naturally degraded plant fiber catering utensils. The products are mainly sold to North America, Europe and other countries and regions. The export customers are mainly large catering and food packaging products manufacturers, such as AmerCareRoyal, Huhtamaki, Sabert, World Centric, Eco-Products, Berk Enterprises, Clark Associate, etc.
domestic sales , and domestic customers are mainly traders. The company sells unlicensed product and its own brand " sugar cane jun " through traders. The end customers include large supermarkets and well-known chain catering companies such as Sam’s ( Sam Membership Store ), Hema Fresh , Guangzhou Restaurant , Juewei Duck Neck , etc.
Zhongxin Co., Ltd.'s main business income structure of the region
The main raw materials are pulp raw materials as the main raw materials
The bagasse pulp and bamboo pulp among the main raw materials produced and used by the company are pulp raw materials, and their prices are greatly affected by the fluctuations in the price of pulp . During the reporting period, the price changes of pulp in the market were shown in the figure below. Plant fiber pulp such as
bagasse pulp is the company's main raw materials and is related to fluctuations in the pulp market price. The price of pulp fell in 2019, and the overall fluctuation was large in 2020. The general rise in global raw material market prices in 2021 drove the price of pulp prices to increase by a larger increase compared with 2020. In 2021, the company's pulp raw materials procurement prices both rose sharply, consistent with the trend of pulp prices.
Zhongxin Shares Raw Materials Procurement Situation
The issuer's controlling shareholder and actual controller are Teng Bubin
As of the date of signing this prospectus, Teng Bubin directly holds 23.5403% of the company's shares and indirectly holds the company 14.0665% of the shares indirectly controls 38.8458% of the company's equity by controlling Zhejiang Dafeng, Jinhua Hongshi, Jinhua Zhongteng, Jinhua Yuyu, Jinhua Xinzhi, Jinhua Jianzhu, Jinhua Huanqing, Jinhua Hongfu, and Jinhua Tianjun, so they control 62.3861% of the company's equity through direct and indirect means; Ji Wenhu, the joint actor of Teng Bubin, directly holds 27.3423% of the shares of Zhongxin Shares. In summary, Teng Bubin controls a total of 89.7284% of the company's equity through direct, indirect and joint action arrangements.
conference schedule
date | time time matters | ||
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| Meeting report |
| CEO closed-door seminar | ||
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| all-day forum + html ml7 simultaneous exhibition |
| welcome dinner |
9:00-20:30
guest theme [Main Forum] Host: Ye Xinjian, Director and Chief Technology Officer of Anhui Hengxin Environmental Protection New Materials Co., Ltd. Chen Guoqiang, Professor of the Department of Chemical Engineering, Tsinghua University, Professor of HMF and its downstream derivatives construction and prospects HMF and its downstream derivatives l3 Andy Lau, professor and director of the Institute of Chemical Engineering, Department of Chemical Engineering, Tsinghua University, biological production PDO technology and industrialization progress Bian Xinchao, Researcher of Changchun Institute of Applied Chemistry, Chinese Academy of Sciences researcher Hongping , Professor , Nanjing University of Science and Technology Microbial catalytic synthesis and application research on nanocellulose 【Theme 1 】Bio-based fiber [Host] Xu Yang, investor in the new materials track of Boyuan Capital, former vice president of Country Garden Venture Capital Yu Muhuo, professor of Donghua University polylactic acid and other students The development status and thinking of Fan Yaqing, general manager of Anhui Fengyuan Biofiber Co., Ltd. non-grain route to produce polylactic acid, realizing green development of the fiber industry Lu Jing, Chairman of Jilin Zhongtian Biotechnology Co., Ltd. dated Hot (China) Co., Ltd. Hot (China) Co., Ltd. Hot (China) Co., Ltd. Hot (China) Co., Ltd. Hot (China) Co., Ltd. Hot (China) Co., Ltd. Hot (State) 1 downstream application of polylactic acid—polylactic acid environmentally friendly windbreaker Shanghai Huahao Chemical Co., Ltd. PTT fiber application 【Theme 2] Bio-based plastic [Host] Li Yulan, Secretary-General of the Guangdong Plastics Association's Degraded Plastics Committee Shandong Landian Biotechnology Co., Ltd. biofermentation method to transform synthetic bio-based PBS and its applications Chen Bo, general manager of Zhangjiagang Walter Precision Machinery Co., Ltd. degradable material crystallization Wet drying solution xiamen Changsu Industrial Co., Ltd. bidirectional stretch polylactic acid film (BOPLA) preparation and application HU Yang, investor in the new materials track of Boyuan Capital, former vice president of Country Garden Venture Capital HU 1Dual carbon strategy, investment logic of bio-based materials html l0 process development and high-value application in the field of polylactic acid