Li Ju Thermal Energy (603391.SH) has released a prospectus for its initial public offering of stocks and intends to be listed on the main board. The company plans to issue 22.75 million shares, accounting for 25% of the total share capital after this offering. The preliminary inquiry date is July 17, 2024, and the subscription date is July 22, 2024.
Zhitong Finance and Economics APP - Li Ju Thermal Energy (603391.SH) has released a prospectus for its initial public offering of stocks and intends to be listed on the main board. The company plans to issue 22.75 million shares, accounting for 25% of the total share capital after this offering. The preliminary inquiry date is July 17, 2024, and the subscription date is July 22, 2024.
The company's main business is the research and development, production, and sales of hot water boilers and steam boilers. The products are used for heating and domestic water supply, as well as for steam supply required by industrial production. The company has strong technical capabilities and has obtained many honors, such as high-tech enterprise certification, Zhejiang Province hidden champion enterprise, national specialized, special and new "small giant" enterprise, national manufacturing single-item champion enterprise, etc. After years of effort, the company has accumulated a series of boiler manufacturing technologies, such as water-cooled premixed combustion technology, flue gas condensation heat transfer technology, and vacuum phase change heat transfer technology. It is one of the few companies in the boiler industry that independently masters boiler design technology, combustion technology, and control technology.
The company achieved a net income attributable to shareholders of the issuer of 1.81 billion yuan, 0.164 billion yuan, and 0.268 billion yuan in 2021, 2022, and 2023, respectively.
After deducting the issuance expenses, all the raised funds will be used for projects related to the company's main business, and the specific investment projects are as follows: 1. An annual output of 3000 sets of efficient and low-emission thermal equipment future factory, which is divided into an industrial internet platform-based annual output of 500 sets of high-power ultra-low nitrogen gas boiler industrialization project, an annual output of 1500 sets of ultra-low nitrogen steam boiler industrialization project, and an annual output of 1000 sets of ultra-low nitrogen gas boiler industrialization project. The expected investment amounts are 0.508 billion yuan, 0.547 billion yuan, and 0.282 billion yuan, respectively. 2. Supplementary working capital, with an expected investment amount of 0.2 billion yuan.