Lei Jianping on July 1
Jiangsu Jinling Environment Co., Ltd. (hereinafter referred to as "Jinling Environment") IPO was terminated a few days ago, and Jinling Environment was preparing to be listed on the main board of the Shanghai Stock Exchange.
Jinling Environment originally planned to raise 600 million yuan for the off-site expansion of Xianlin Sewage Treatment Plant (Dongyang City Sewage Treatment Plant) project.
The annual revenue is 790 million
Jinling Environment (formerly Nanjing Public Water Co., Ltd., Jiangsu Jinling Environment Co., Ltd.) was founded in December 2000, and the company's business scope is the design, construction, operation and supporting management services of tap water and sewage collection and treatment facilities; production and sales of reclaimed water, construction, operation and supporting management services of sludge treatment and disposal facilities; investment and construction of urban infrastructure projects and provision of related investment advisory services; Sales of mechanical and electrical equipment, instrumentation, building materials, environmental protection products, hardware, machinery and equipment, automobiles (excluding cars) and accessories, and housing leasing.
As a holding subsidiary of Nanjing Water Group Co., Ltd., Jinling Environment is mainly responsible for the operation and management of sewage treatment units in the main urban area of Nanjing. At present, the company's designed treatment capacity is 1.87 million cubic meters per day, accounting for about 70% of the sewage treatment capacity above the district level, and the service area covers the six districts of Jiangnan and some areas of Pukou.
The grassroots units in Jinling environment include Jiangxinzhou Sewage Treatment Plant, Qiaobei Sewage Treatment Plant, Tiebei Sewage Treatment Plant, Chengdong Phase III Sewage Treatment Plant, and Baguazhou Sewage Treatment Plant; Wholly-owned subsidiaries include Nanjing Chengnan Sewage Treatment Company; The shareholding subsidiaries include Nanjing Chengbei Enterprises Sewage Treatment Co., Ltd. and Nanjing Xianlin Bishui Source Sewage Treatment Co., Ltd.
According to the prospectus, Jinling Environment's revenue in 2019, 2020, and 2021 will be 748 million yuan, 770 million yuan, and 792 million yuan respectively; net profit was 148 million yuan, 338 million yuan and 117 million yuan respectively; The net profit after deducting non-profits was 65.8687 million yuan, 120 million yuan and 72.227 million yuan respectively.
In the first half of 2022, Jinling Environment's revenue was 403 million yuan, with a net profit of 68.86 million yuan, and a net profit of 39.36 million yuan after deducting non-profits.
The Water Group is the majority shareholder
As of the signing date of this prospectus, Water Affairs Group directly holds 357,292,200 shares of the Company, and holds 2,707,800 shares of the Company through its wholly-owned subsidiary, Water Supply and Drainage Design Institute, accounting for 60% of the total share capital of the Company, and is the controlling shareholder of the Company.
Water Affairs Group, formerly known as Nanjing Water Supply Corporation, is an enterprise group mainly engaged in the investment, construction, operation and management of water supply and drainage facilities in the main urban area of Nanjing, and is a municipal state-owned enterprise listed and supervised by the Nanjing State-owned Assets Supervision and Administration Commission and operated independently.
In addition, Yangtze River Environmental Protection holds 40% of the shares.
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