Industrial metal forging production leading enterprise Central sea and land is about to land on gem
shanghai Securities News China Securities Network News on July 14, Zhangjiagang Zhonghuan Hailu high-end Equipment Co., Ltd. (hereinafter referred to as "Zhonghuan Hailu"), a specialized industrial metal forging manufacturer that has been deeply engaged in forging industry for more than two decades, officially launched the offering. The letter of intent shows that the company intends to issue no more than 25 million shares to the public, accounting for no less than 25% of the total share capital after the issuance. After the issuance is completed, it intends to be listed on the Growth Enterprise Market of Shenzhen Stock Exchange.
According to Public Information, central sea and land was established in January 2000, mainly supporting various industrial metal forgings in wind power, engineering machinery, mining machinery, nuclear power and other industries. From its source of income, wind power industry accounts for the highest proportion of income. From 2018 to 2020, the company's wind power business revenue accounted for 70.43%, 85.33% and 92.91% respectively.
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it is understood that the central sea and land have been involved in the field of wind power earlier. Through in-depth research on wind power forging products over the years, certain technology and patent reserves have been formed, the forged products produced in the field of wind power have strong market competitiveness. According to the prospectus, the company's 2.5MW to 3.0MW fan rotating ring gear ring forgings and 6.0MW to 7.0MW rotor house flange forgings have obtained the new product and new technology appraisal of Jiangsu province, "Key technology and complete sets of equipment of large ring forgings with drift pitch for wind turbine driving" won the third prize of scientific and technological progress in Jiangsu province, "Large ring for wind turbine main bearing with 2MW and above" won the gold award of excellent new products in Jiangsu province, and "Ring Forging for wind turbine with sea-land ring forging brand" won the title of famous brand product in Jiangsu province. In addition, the company also led the drafting of two forging industry standards, such as "technical conditions for large ring forgings of wind tower flange" and "technical conditions for large ring forgings of skewed gear ring of wind turbine with more than 2.5MW.
With the long-term research and development strength, excellent product quality and perfect service, in recent years, the products of central sea and land have been recognized by many industry customers. According to the prospectus, among the top 10 big fan manufacturers with new installed capacity in the global market in the field of wind power released by the Global Wind Energy Council (from 2017 to 2019),Vestas, Siemens Gamesa, GE, Goldwind Technology, vision energy, well-known enterprises such as Mingyang intelligence, Shanghai Electric and Yunda wind power are direct or indirect customers of the company's products, the company has a high market share and a leading market position in the field of upstream metal forgings for wind power in the wind power industry.
Central Hailu said that through the implementation of "green intelligent manufacturing project for high-end ring forgings", one of the projects raised and invested this time, the annual production capacity of the company's forging products will reach 190000 tons, which can meet the needs of more downstream customers. After the project reaches the end of the year, the company is expected to increase its annual income by 526.2585 million yuan, increase its annual net profit by 68.9794 million yuan, and increase its after-tax internal rate of return by 20.70%, at that time, the company will become one of the few domestic enterprises with large intelligent production lines for circular forgings. While alleviating the bottleneck of existing production capacity and the bottleneck of fine processing capacity, we will further optimize the product structure, increase the added value of products, continuously expand new profit growth points, and firmly grasp the opportunities for the transformation and development of forging industry, realize the rapid development of the company. (Lin Qi)
(Article Source: China Securities Network, invasion and deletion)
