Abstract Just after the Spring Festival holiday of the Year of the Rooster, the Dongguan Capital Market sent a good news. On February 8, Dongguan Golden Sun Grinding Co., Ltd. (hereinafter referred to as â€œGolden Sunâ€) in Dalingshan Town officially went public on the GEM of the Shenzhen Stock Exchange, becoming the 21st in Dongguan...Just after the Spring Festival holiday of the Year of the Rooster, the Dongguan Capital Market sent a good news. On February 8, Dongguan Golden Sun Grinding Co., Ltd. (hereinafter referred to as â€œGolden Sunâ€) in Dalingshan Town officially went public on the GEM of the Shenzhen Stock Exchange, becoming the 21st listed company in Dongguan.
Before the Spring Festival, Golden Sun publicly issued 22.3 million shares, the issue price was 8.36 yuan, the issue price-earnings ratio was 22.97 times, and the total raised funds was 186 million yuan. The raised funds are planned to invest in three projects, including an annual output of 8 million square meters of high-grade coated abrasives, an annual output of 3 million square meters of ultra-fine abrasive materials projects, research and development center projects, a total of 220,426,900 yuan.
On the first day of listing, the share price of Golden Sun rose 44.02% without any suspense (the upper limit of the first day of IPO listing), closing at 12.04 yuan.
The company of Golden Sun is a name that has not been seen in Dongguan. What is it? The reporter checked the prospectus and found that Golden Sun was originally a company that produces and sells sandpaper. Does it look like it is not high? This fully demonstrates that as long as you have financial standards and sustainable development capabilities, whether it is to do high-tech products, or ordinary traditional industrial products, listing is possible.
In the words of Golden Sun, the company's main business is the manufacture and sale of coated abrasives such as sandpaper. The main products are sandpaper (which belongs to the abrasive industry of the abrasives industry). The products are widely used in metal and wood. , leather, glass, plastic, ceramic products, etc. can be used in all walks of life.
Although it is an inconspicuous "small thing" for the production and sale of sandpaper, the selling price of the main product is only five or six yuan a square meter, but the Golden Sun has made a net profit of more than 20 million yuan a year. According to the prospectus, from January to September 2016, the company achieved operating income of 154 million yuan, a year-on-year increase of 2.57%; net profit attributable to shareholders of the parent company was 2,704,900 yuan, an increase of 17.87%. Based on this calculation, Golden Sun's net profit margin in the first three quarters of last year reached 17.56%, killing many high-tech listed companies.
Golden Sun also predicted the results for the whole year of last year: It is expected that the operating income will reach 2.10-2.20 billion yuan in 2016, a year-on-year increase of 1%-10%; the net profit attributable to shareholders of the parent company will be 36-39 million yuan, a year-on-year increase of 10%. %-25%.
It is worth mentioning that Golden Sun is a foreign-funded enterprise. Among the four people in the company's actual controller family, three mothers and sons have entered the United States, and the other has American residency. According to public information, the actual controller of Golden Sun is Hu Xiuying's family, in which Hu Xiuying and Yang Lan are husband and wife, Yang Lan and Yang Lan are their sons, and 4 people hold a total of 432,011,041 shares of Golden Sun, accounting for 64.59% of the total share capital before the issuance. .
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