English
Back
Open Account
湖州燃氣開始招股，你怎麼看？
牛牛新股君
joined discussion · Jun 29, 2022 11:26

New Stock Offering | Huzhou Gas starts its IPO today and is expected to be listed on July 15th.

Futu News, June 29th, this Wednesday$HUZHOU GAS (06661.HK)$Announcement: a stock offering will be launched from June 29th to July 5th. The company plans to issue 50 million shares, including 5 million shares for public offering and 45 million shares for international offering, at an offering price of HK$6.08 per share with a board lot of 500 shares. It is expected to be listed on July 13th.
Futu News, June 29th, this Wednesday$HUZHOU GAS (06661.HK)$Announcement: The company will conduct a public offering from June 29 to July 5, intending to issue 50 million shares, with 5 million shares for public offering and 45 million shares for international offering. The issuing price is HK$6.08 per share, 500 shares per lot, and is expected to be listed on July 13th. The main business of Huzhou Gas includes selling gas under franchise rights, mainly pipeline natural gas; providing construction and installation services to developers, residents, and non-residential property owners or residents to build and install end-user pipeline networks and gas facilities; and selling household gas appliances. According to the Frost & Sullivan report, in 2021, the company is the largest pipeline natural gas distributor in Huzhou City, a major prefectural-level city in Zhejiang Province, China, with a market share of 44.1% in Huzhou and the fifth largest pipeline natural gas distributor in the Province, with a market share of 3.0% in Zhejiang, based on sales volume. In terms of finance, in the fiscal years 2019-2021, the company's revenues were RMB 1.63 billion, RMB 1.422 billion, and RMB 1.859 billion respectively; while the net profits for the same period were RMB 0.144 billion, RMB 0.192 billion, and RMB 0.167 billion respectively. In terms of industry, influenced by the continuous promotion of coal-to-gas conversion in China and the widespread use of natural gas, the consumption of natural gas in Zhejiang Province has steadily increased, from 10.5 billion cubic meters in 2017...
The main business of Huzhou Gas includes selling gas under franchise rights, mainly pipeline natural gas; providing construction and installation services to developers, residents, and non-residential property owners or residents to build and install end-user pipeline networks and gas facilities; and selling household gas appliances.
According to the Frost & Sullivan report, in 2021, the company is the largest pipeline natural gas distributor in Huzhou City, a major prefectural-level city in Zhejiang Province, China, with a market share of 44.1% in Huzhou and the fifth largest pipeline natural gas distributor in the Province, with a market share of 3.0% in Zhejiang, based on sales volume.
In terms of finance, in the fiscal years 2019-2021, the company's revenues were RMB 1.63 billion, RMB 1.422 billion, and RMB 1.859 billion respectively; while the net profits for the same period were RMB 0.144 billion, RMB 0.192 billion, and RMB 0.167 billion respectively.
Futu News, June 29th, this Wednesday$HUZHOU GAS (06661.HK)$Announcement: The company will conduct a public offering from June 29 to July 5, intending to issue 50 million shares, with 5 million shares for public offering and 45 million shares for international offering. The issuing price is HK$6.08 per share, 500 shares per lot, and is expected to be listed on July 13th. The main business of Huzhou Gas includes selling gas under franchise rights, mainly pipeline natural gas; providing construction and installation services to developers, residents, and non-residential property owners or residents to build and install end-user pipeline networks and gas facilities; and selling household gas appliances. According to the Frost & Sullivan report, in 2021, the company is the largest pipeline natural gas distributor in Huzhou City, a major prefectural-level city in Zhejiang Province, China, with a market share of 44.1% in Huzhou and the fifth largest pipeline natural gas distributor in the Province, with a market share of 3.0% in Zhejiang, based on sales volume. In terms of finance, in the fiscal years 2019-2021, the company's revenues were RMB 1.63 billion, RMB 1.422 billion, and RMB 1.859 billion respectively; while the net profits for the same period were RMB 0.144 billion, RMB 0.192 billion, and RMB 0.167 billion respectively. In terms of industry, influenced by the continuous promotion of coal-to-gas conversion in China and the widespread use of natural gas, the consumption of natural gas in Zhejiang Province has steadily increased, from 10.5 billion cubic meters in 2017...
In the industry aspect, influenced by the continuous promotion of coal-to-gas conversion in China and the extensive use of natural gas, the consumption of natural gas in Zhejiang Province has steadily increased. It has grown from 10.5 billion cubic meters in 2017 at a compound annual growth rate of 14.4% to 18 billion cubic meters in 2021. It is expected to increase from 20.7 billion cubic meters in 2022 at a compound annual growth rate of 14.2% to 25.3 billion cubic meters in 2026.
Futu News, June 29th, this Wednesday$HUZHOU GAS (06661.HK)$Announcement: The company will conduct a public offering from June 29 to July 5, intending to issue 50 million shares, with 5 million shares for public offering and 45 million shares for international offering. The issuing price is HK$6.08 per share, 500 shares per lot, and is expected to be listed on July 13th. The main business of Huzhou Gas includes selling gas under franchise rights, mainly pipeline natural gas; providing construction and installation services to developers, residents, and non-residential property owners or residents to build and install end-user pipeline networks and gas facilities; and selling household gas appliances. According to the Frost & Sullivan report, in 2021, the company is the largest pipeline natural gas distributor in Huzhou City, a major prefectural-level city in Zhejiang Province, China, with a market share of 44.1% in Huzhou and the fifth largest pipeline natural gas distributor in the Province, with a market share of 3.0% in Zhejiang, based on sales volume. In terms of finance, in the fiscal years 2019-2021, the company's revenues were RMB 1.63 billion, RMB 1.422 billion, and RMB 1.859 billion respectively; while the net profits for the same period were RMB 0.144 billion, RMB 0.192 billion, and RMB 0.167 billion respectively. In terms of industry, influenced by the continuous promotion of coal-to-gas conversion in China and the widespread use of natural gas, the consumption of natural gas in Zhejiang Province has steadily increased, from 10.5 billion cubic meters in 2017...
The natural gas consumption in Huzhou City increased from 0.71 billion cubic meters in 2017 at a compound annual growth rate of 15% to 1.24 billion cubic meters in 2021. It is expected to increase from 1.42 billion cubic meters in 2022 to 2.45 billion cubic meters in 2026, with a compound annual growth rate of approximately 14.6%, higher than the growth rate of Zhejiang Province.
Futu News, June 29th, this Wednesday$HUZHOU GAS (06661.HK)$Announcement: The company will conduct a public offering from June 29 to July 5, intending to issue 50 million shares, with 5 million shares for public offering and 45 million shares for international offering. The issuing price is HK$6.08 per share, 500 shares per lot, and is expected to be listed on July 13th. The main business of Huzhou Gas includes selling gas under franchise rights, mainly pipeline natural gas; providing construction and installation services to developers, residents, and non-residential property owners or residents to build and install end-user pipeline networks and gas facilities; and selling household gas appliances. According to the Frost & Sullivan report, in 2021, the company is the largest pipeline natural gas distributor in Huzhou City, a major prefectural-level city in Zhejiang Province, China, with a market share of 44.1% in Huzhou and the fifth largest pipeline natural gas distributor in the Province, with a market share of 3.0% in Zhejiang, based on sales volume. In terms of finance, in the fiscal years 2019-2021, the company's revenues were RMB 1.63 billion, RMB 1.422 billion, and RMB 1.859 billion respectively; while the net profits for the same period were RMB 0.144 billion, RMB 0.192 billion, and RMB 0.167 billion respectively. In terms of industry, influenced by the continuous promotion of coal-to-gas conversion in China and the widespread use of natural gas, the consumption of natural gas in Zhejiang Province has steadily increased, from 10.5 billion cubic meters in 2017...
In terms of cornerstone investors, multiple cornerstone investors have agreed to subscribe for the available shares at the issue price of HK$6.08 per share. The cornerstone investors include Zhejiang Jiening Private Equity Investment Co., Ltd., Zhejiang Lichen Private Equity Investment Co., Ltd., Huzhou Second Light Asset Management Co., Ltd., and Zhejiang Caixu Private Equity Investment Co., Ltd.
Futu News, June 29th, this Wednesday$HUZHOU GAS (06661.HK)$Announcement: The company will conduct a public offering from June 29 to July 5, intending to issue 50 million shares, with 5 million shares for public offering and 45 million shares for international offering. The issuing price is HK$6.08 per share, 500 shares per lot, and is expected to be listed on July 13th. The main business of Huzhou Gas includes selling gas under franchise rights, mainly pipeline natural gas; providing construction and installation services to developers, residents, and non-residential property owners or residents to build and install end-user pipeline networks and gas facilities; and selling household gas appliances. According to the Frost & Sullivan report, in 2021, the company is the largest pipeline natural gas distributor in Huzhou City, a major prefectural-level city in Zhejiang Province, China, with a market share of 44.1% in Huzhou and the fifth largest pipeline natural gas distributor in the Province, with a market share of 3.0% in Zhejiang, based on sales volume. In terms of finance, in the fiscal years 2019-2021, the company's revenues were RMB 1.63 billion, RMB 1.422 billion, and RMB 1.859 billion respectively; while the net profits for the same period were RMB 0.144 billion, RMB 0.192 billion, and RMB 0.167 billion respectively. In terms of industry, influenced by the continuous promotion of coal-to-gas conversion in China and the widespread use of natural gas, the consumption of natural gas in Zhejiang Province has steadily increased, from 10.5 billion cubic meters in 2017...
Regarding the use of proceeds, the company is expected to receive a net amount of approximately 0.26 billion Hong Kong dollars from the global offering (assuming the exercise of the over-allotment option is not done, calculated at the issue price of HK$6.08 per H share). According to the prospectus, the company intends to use the net proceeds from the share sale for the following purposes: approximately 20.0% for upgrading the company's pipeline network and operational facilities to increase sales of pipeline natural gas; approximately 30% for expanding the company's business to other regions through strategic acquisitions; approximately 30% for expanding into distributed photovoltaic power generation business, approximately 10% for promoting the use of the heat generated from the steam produced by the company's natural gas through natural gas boilers; approximately 10% for working capital and general corporate purposes.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
Thumbs Up
6
88K Views
Report
Comment (1)
Write a Comment...
1
6
36