Rhino Star News, on August 2, Xinhengtai (874502) was listed on the New Third Board today. The company's operating income in 2022 and 2023 will be 530 million yuan and 679 million yuan respectively, and the net profit attributable to the parent company will be 45.0003 million yuan and 100 million yuan respectively.
According to the Rhino Star APP, Xinhengtai is a high-tech enterprise focusing on the R&D, manufacturing and sales of plastic foam materials.
The company's series of products
The company's main products include chemical cross-linked polyethylene foam (PE Foam), electron-irradiated cross-linked polyethylene foam (IXPE), polypropylene microcellular foam (MPP), as well as yoga series, polyurethane microcellular foam material, non-foamed PVC wear-resistant layer and other products.
In terms of intellectual property rights, the company has obtained 45 authorized patents, including 17 invention patents, 27 utility model patents and 1 design patent.
In terms of customers, the company has reached cooperative relations with well-known enterprises such as Aili Home, Walrus New Materials, CATL, BYD, and Huawei.
According to the disclosure of the public transfer letter, the company's top three sales customers in 2023 are Jiangsu Zhongxin Home Furnishing New Materials Co., Ltd., Caina Funuo Wood (China) Co., Ltd., and Changzhou Beimei Home Furnishing Technology Co., Ltd. The sales were 30.7322 million yuan, 28.9676 million yuan and 25.7358 million yuan respectively.
In terms of the company's shareholdings, Chen Chunping, the largest shareholder, holds 44.88 million shares of the company, accounting for 36.41% of the company's share capital; Jin Wei holds 37.27 million shares of the company, accounting for 30.24% of the company's share capital.