Original title: Dongyue silicon material's performance declines before listing last year's net operating cash flow fell by nearly 40% source: Chinanet
Dongyue silicon material (300821. SZ) will apply for purchase on March 3. The total number of shares to be issued this time is 300 million shares, of which 90 million shares will be issued online with an estimated issue price of 6.90 yuan / share. The sponsor is
China Securities
。
The operating revenue and net profit of Dongyue silicon materials in 2019 both declined. According to the prospectus, in 2019, the operating revenue of Dongyue silicon materials was 2.733 billion yuan, down 19.63% year on year; the net profit was 553 million yuan, down 16.59% year on year; the non net profit was 461 million yuan, down 40.75% year on year; the net cash flow from operating activities was 513 million yuan, down 36.72% year on year.
In 2017 and 2018, the operating revenue of Dongyue silicon materials was 2.441 billion yuan and 3.401 billion yuan respectively, the net profit was 310 million yuan and 663 million yuan respectively, the non net profit was 408 million yuan and 778 million yuan respectively, and the net cash flow from operating activities was 408 million yuan and 811 million yuan respectively.
The controlling shareholder of Dongyue silicon material is Dongyue fluorosilicon technology group, which holds 693 million shares of the company, accounting for 77.00% of the total share capital of the company; the actual controller is Fu Jun, which controls 87.00% of the total share capital of the company. Fu Jun is of Chinese nationality and a permanent resident of Hong Kong. Dongyue silicon material specializes in the R & D, production and sales of silicone materials, the main products include silicone rubber, silicone oil, fumed silica and other downstream deep processing products as well as silicone intermediates. The funds raised by this issuance will be used for the deep processing project of 300000 t / a silicone monomer and 200000 t / a downstream silicone products, the energy conservation and environmental protection technical transformation project of silicone monomer device, and the silicone R & D center project.