On July 20, Changrun shares (603201.SH) opened for subscription, the issue price was 30.56 yuan per share, the subscription limit was 19,000 shares, and the price-earnings ratio was 18.71 times. It belongs to the main board of the Shanghai Stock Exchange, and Sinolink Securities is its sole sponsor.
The company is mainly engaged in the research and development, manufacturing and sales of various types of jacks and their extended products. Since its establishment, the company has always focused on jack products, covering six continents and more than 100 countries and regions around the world. The company’s main products include commercial jacks, vehicle-mounted jacks, professional jacks, lifts and other automotive maintenance equipment and tools, and have the ability to supply all categories of lifting equipment in the vehicle supporting market and the automotive aftermarket.
Among them, the company’s commercial jacks include vertical, horizontal and other series of nearly 270 specifications, and its sales have ranked first for more than ten consecutive years, covering more than 30,000 large chain supermarkets and auto repair chain stores around the world; Jacks include scissor screw, ordinary screw, vertical hydraulic and other specifications. The company has established long-term cooperative relations with Ford Motor, General Motors, Volkswagen Group, Renault, Nissan and other well-known international car manufacturers. Since 2015, the company’s screw jack The market share of jacks in the domestic and global screw jack markets ranks first and has remained so to this day. In 2021, the global passenger car market share of the company’s on-board jacks will be about 20%, and the domestic market share will exceed 35%.
Use of raised funds:
In terms of finance, in 2019, 2020 and 2021, Changrun’s operating income was approximately RMB 2.455 billion, RMB 2.474 billion and RMB 3.056 billion respectively. The company’s net profit is about 103 million yuan, 127 million yuan, and 145 million yuan, respectively, and the net profit attributable to the parent is about 100 million yuan, 123 million yuan, and 142 million yuan, respectively.
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