Home » A-share subscription | Dongli Machinery (301298.SZ) started to subscribe for core components of automobile engine shock absorbers as the company’s main products | Engine_Sina Finance_Sina.com

A-share subscription | Dongli Machinery (301298.SZ) started to subscribe for core components of automobile engine shock absorbers as the company’s main products | Engine_Sina Finance_Sina.com

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A-share subscription | Dongli Machinery (301298.SZ) started to subscribe for core components of automobile engine shock absorbers as the company’s main products | Engine_Sina Finance_Sina.com

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On May 25, Dongli Machinery (301298.SZ) opened the subscription, the issue price was 12.68 yuan per share, the subscription limit was 10,000 shares, and the price-earnings ratio was 35.42 times. It belongs to the Shenzhen Stock Exchange Growth Enterprise Market, and Huatai United Securities is its sole sponsor.

The company’s main business is the research and development, production and sales of auto parts, petroleum valve parts and other products. Among them, the core components of automobile engine shock absorbers are the company’s main products, and its revenue accounts for more than 80% of the company’s main business revenue. The company has been focusing on the auto parts market for more than 20 years, and has continuously expanded to other fields. At present, the company has more than 800 kinds of products, and the products are mainly sold to Europe, North America, China and other regions.

As a secondary or tertiary supplier of automobile manufacturers, the company mainly supplies the world’s major auto parts assembly manufacturers. The company has accumulated a number of world-renowned customers who maintain long-term and stable cooperative relations in the international market. Most of the high-quality customers belong to leading enterprises in the industry, mainly including well-known multinational groups such as AAM Group, VC Group, and Dayco Group. The company’s auto parts products are ultimately used in Mercedes-Benz, BMW, Audi, GM, Ford, Renault, Porsche, Bentley, Ferrari, Jaguar, Land Rover, Volkswagen, Volvo, Great Wall and other internationally renowned brands.

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The funds raised will be used for the following projects. Before the raised funds are in place, the company will pay for the following projects by means of self-raised funds according to the actual progress of each project. After the raised funds are in place, it will be used to pay for the remaining funds of the project and to replace the funds paid in advance. If the actual amount of funds raised by the initial public offering of shares is lower than the project investment amount, the company will solve the problem through self-raised funds.

In terms of finance, in 2019, 2020 and 2021, the annual operating income of Dongli Machinery was approximately RMB 383 million, RMB 387 million and RMB 484 million, respectively. The company’s net profit was 49.259 million yuan, 37.5194 million yuan, and 58.7631 million yuan respectively, and the net profit attributable to the parent was the same as the net profit.

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