The hottest Zhejiang lino will soon become the 21s

2022-08-22
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Zhejiang Linuo will soon become the 21st A-share listed company in Wenzhou. Yesterday, Zhejiang lino fluid control technology Co., Ltd. (hereinafter referred to as Zhejiang lino) issued and subscribed, and publicly issued no more than 34.085 million ordinary shares on the Shenzhen Stock Exchange gem, with an issue price of 10.78 yuan per share

Wenzhou news the 21st A-share listed company in Wenzhou is on its way. Yesterday, Zhejiang lino fluid control technology Co., Ltd. (hereinafter referred to as Zhejiang lino) issued and subscribed, and publicly issued no more than 34.085 million ordinary shares on the Shenzhen Stock Exchange gem, with an issue price of 10.78 yuan per share. At present, there are 20 A-share listed companies in Wenzhou, and many Wenzhou enterprises have passed the meeting or are queuing for the meeting. Wenzhou shareholders who are qualified to subscribe for new shares should not forget to subscribe within the specified time

Wenzhou, known as the "hometown of pumps and valves", has more than 1000 pump and valve enterprises, and more than 400 enterprises above Designated Size, mainly concentrated in Yongjia and Longwan. Zhejiang lino, which mainly produces industrial control valves, was established in Ruian at the beginning of 2003. Its products are widely used in petroleum, petrochemical, chemical, papermaking, environmental protection, energy, power, mining, metallurgy, medicine, food and other industries, including PetroChina, Lear chemical, Chenming Paper Group and other domestic well-known enterprises are the customers of the company

according to the statistical data of "control valve Information", Zhejiang lino has been ranked fourth among domestic control valve brands from 2015 to 2017, and ranked third in 2018. The control valve is a control component in the fluid transmission system, which has the functions of cut-off, regulation, diversion, prevention of countercurrent, pressure stabilization, diversion or overflow pressure relief. In the process of realizing industrial automation, it is similar to the arm of the robot, and it is the final control element to change the medium flow, pressure, temperature, liquid level and other technical parameters. As a terminal actuator in industrial automation process control system, control valve is also known as "actuator", which is one of the core components of intelligent manufacturing

Zhejiang lino's capital market path can be traced back to 2014, when it was listed on the "new third board" on August 8. Subsequently, the company opened the road of turning the board into a fixed load, delisted from the "new third board" and began to sprint for a shares. On January 3 this year, a variety of successful production enterprises took price reduction measures to maintain a profitable situation

the prospectus shows that Zhejiang Linuo publicly issued no more than 34.085 million ordinary shares at an issue price of 10.78 yuan per share, raising more than 349 million yuan for the construction project of the production line with an annual output of 25000 sets of high-performance control valves, the construction project of the R & D center and the replenishment of the company's working capital. Zhejiang lino said that after listing, the company will expand its production capacity, enhance its technical strength and enhance its competitiveness in the industry

due to the technical advantages of Zhejiang lino, the company has developed rapidly in recent years. The prospectus disclosed that the company's revenue in recent three years was 301 million yuan, 456 million yuan and 452 million yuan respectively. It is one of the few enterprises in the domestic control valve industry with annual sales revenue exceeding 400million yuan

however, since last year, the revenue of Zhejiang Linuo has declined during the interval of reversing the metallographic microscope work. From January to June this year, the revenue may continue to decline. It is expected that the revenue will be between 187 million yuan and 207 million yuan, with a year-on-year decrease of 12.42% to 3.2%. At the same time, the net profit is 29.8185 warranty: the warranty is between 10000 yuan and 34.4387 million yuan for one year

the actual controllers of Zhejiang lino are a total of 6 natural persons, including shareholders Chen Xiaoyu, Ren Xiang, Wang Xiuguo, Dai Meichun, Wu Ping, Yu Jianping, etc., who hold 77.36% of the shares of the company, of which Chen Xiaoyu, Ren Xiang, Wang Xiuguo, Dai Meichun and other four people hold more than 10% of the shares, of which Chen Xiaoyu holds 27.92% of the shares, and currently serves as the chairman and general manager of Zhejiang lino. However, after the successful listing of Zhejiang lino, the shares of its six actual controllers will be diluted. Except for Chen Xiaoyu's shareholding of 20.94%, the shareholding of other shareholders will be reduced to less than 10%

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