Lei Jianping on July 1
Chongqing Runji Far East New Material Technology Co., Ltd. (hereinafter referred to as "Runji New Material") IPO was terminated a few days ago.
Runji New Materials has planned to raise 600 million yuan, of which 310 million yuan will be used for the intelligent manufacturing upgrade construction project of new metal functional materials, 86.04 million yuan will be used for the construction project of new metal functional materials R&D center, 52.1 million yuan will be used for the construction project of marketing service network, and 150 million yuan will be used for the project of supplementing working capital.
Annual revenue of 1.67 billion
Runji New Materials is an enterprise specializing in the research and development, production and sales of new metal functional materials such as high-concentration alloying element additives and grain refiners, which are mainly used in the preparation of high-end special steel and high-end aluminum alloys, and are ultimately used in high-end applications such as national defense and military industry, aerospace, automotive plates, UHV, new energy vehicles, photovoltaics, wind power, energy storage, high-speed rail, and large ships.
According to the prospectus, Runji New Material's revenue in 2020, 2021, and 2022 will be 670 million yuan, 1.737 billion yuan, and 1.673 billion yuan respectively; net profit was 14.93 million yuan, 194 million yuan and 149 million yuan respectively; The net profit after deducting non-profits was 11.38 million yuan, 187 million yuan and 179 million yuan respectively.
The company's main raw materials are electrolytic manganese and silicon metal, and the proportion of direct materials in the main business cost during the reporting period was 95.61%, 97.50% and 97.25% respectively.
Runji New Material's revenue in the first quarter of 2023 was 466 million yuan, down 21% from 591 million yuan in the same period last year; net profit was 25.78 million yuan, down 60.4% from 65.15 million yuan in the same period last year; The net profit after deducting non-profits was 29.45 million yuan, down 54% from 64.62 million yuan in the same period last year.
The Fu Li family has a strong color
Before the IPO, the co-controllers of Runji New Materials were Fu Li, Fu Hong, Fu Bahong, and Chen Xiaoqi, of which Fu Hong and Fu Bahong were mother and daughter, Fu Hong and Fu Li were sisters and brothers, and Fu Li and Chen Xiaoqi were husband and wife.
Fu Hong and Chen Xiaoqi indirectly hold 21,500,000 shares of the Company through Hong Kong Huarong, accounting for 36.6% of the total share capital; Fu Li directly holds 16,125,000 shares of the company, accounting for 27.45% of the company's total share capital; Fu Bahong directly holds 12,996,750 shares of the company, accounting for 22.12% of the company's total share capital.
The above four persons together control 86.16% of the voting rights of the company.
Fu Hong, female, born in November 1963, graduated from the English Department of Sichuan University of Foreign Chinese with a bachelor's degree. Fu Hong started her career in 1984 and has worked in Chongqing Medical University, Chongqing Glaxo Wellcome Pharmaceutical Co., Ltd., Chongqing International Economic and Technical Cooperation Corporation Overseas Development Company and other companies. Founded Runji Co., Ltd. in January 2005, from January 2005 to March 2016, successively served as the deputy general manager, director and chairman of the board of directors of the company, and from March 2016 to August 2021, he served as the chairman and deputy general manager of Runji New Materials; Since August 2021, he has served as the chairman of Runji New Materials.
As of the date of this Prospectus, Ms. Fu Hong indirectly held 12,900,000 shares of the Company through Hong Kong Huarong, accounting for 21.96% of the total share capital of the Company before the Offering.
Fu Li, born in March 1965, graduated from Yuzhou University with a bachelor's degree and is a senior engineer, and worked in the financial work of Chongqing Foreign Economic and Trade Commission from September 1988 to October 1989. From October 1989 to September 1999, he was responsible for metallurgy, powder metallurgy, nonferrous metals, chemical industry, machinery technology and marketing at ITOCHU Corporation Chongqing Office. From September 1999 to May 2005, he served as the deputy general manager of Chongqing Chengxin Huarong New Metal Materials Co., Ltd.; From May 2005 to March 2016, he successively served as the director, general manager and technical director of Runji Co., Ltd., and since March 2016, he has served as the director and general manager of Runji New Materials. Fu Li has more than 30 years of R&D experience in the field of metal materials.
Fu Li holds 16,125,000 shares of the company, accounting for 27.45% of the company's total share capital before the issuance.
Chen Xiaoqi, female, born in November 1965, graduated from Yuzhou University and the Party School of the Central Committee with a bachelor's degree. From July 1986 to January 2005, he worked in the Yuzhong Sub-branch of China Construction Bank, successively working in the real estate credit department and asset protection department as the department manager. He joined Runji Co., Ltd. in February 2005 and served as a supervisor from February 2005 to March 2016. Since March 2016, he has served as director and deputy general manager of Runji New Materials.
As of the date of this Prospectus, Ms. Chen Xiaoqi indirectly held 8,600,000 shares of the Company through Hong Kong Huarong, accounting for 14.64% of the total share capital of the Company before the Offering.
Fu Beihong, female, born in January 1988, graduated from Nottingham Trent University in the United Kingdom with a bachelor's degree. Fu Beihong joined Runji Co., Ltd. in September 2011, and successively served as a supervisor, director, and chairman of Runji Co., Ltd. from September 2011 to March 2016, and served as a director of Runji New Materials from March 2016 to August 2021, and resigned as a director of the company on August 24, 2021.
Fu Bahong holds 12,996,750 shares of the company, accounting for 22.12% of the company's total share capital before the issuance.
In addition, Chen Yaqin holds 4.7%, Chen Xiaoyu holds 4.57%, Li Shijun holds 3.3%, Zhang Shuqun holds 0.51%, Huang Xinmin holds 0.27%, and Chen Xiaojian holds 0.26%.
Chen Yaqin is the mother of the spouse of the children of director and deputy general manager Chen Xiaoqi, Chen Xiaoyu is the brother of director and deputy general manager Chen Xiaoqi and deputy general manager Chen Xiaojian, and Chen Xiaojian is the brother of Chen Xiaoqi.
It can be seen that Runji New Materials is a very family-owned enterprise, and the core family members control more than 90% of the company's equity.
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