Futu News, December 29, this Wednesday $VANOV HOLDINGS (02260.HK)$ The announcement was announced that the shares will be offered from December 29 to January 3. The company plans to issue 114.2 million shares, including a public sale of 11.42 million shares and an international sale of approximately 103 million shares, with an issue price of HK$1.22-1.44 per share, and 2,000 shares per lot. It is expected to be listed on January 11, 2022.
According to reports, Huanlong Holdings is mainly engaged in the design, manufacture and sale of paper blankets. According to the Frost & Sullivan report, in 2020, the company ranked fourth among China's leading paper and blanket manufacturers in terms of revenue, with a market share of about 5.8%.
The company provides customers with comprehensive paper blanket services, from conducting site inspections, advising customers on the types and specifications of paper blankets, to purchasing suitable raw materials for production, quality control, delivering paper blankets to customers and providing after-sales services.
In terms of financial data, from 2018 to 2020, the company achieved revenue of RMB 159 million, 167 million yuan and 183 million yuan respectively, with a compound annual growth rate of 7.1%; during the same period, it recorded net profit of RMB 37.206 million, RMB 35.77 million and RMB 410.13 billion, with a compound annual growth rate of 5.0%.
In the first half of 2021, the company recorded total revenue of 76.515 million yuan, an increase of 15.6% over the previous year; net profit for the same period was 14.286,000 yuan, an increase of 24.1% over the same period...