Another secondary water supply and sewage services provider has had a successful IPO on the GEM


2022-09-19 16:08

According to the website of the Shenzhen Stock Exchange, the municipal committee of the GEM held the 64th review meeting of 2022 on September 14, and the review results showed that Anhui Shunyu Water Co., LTD., the leader was approved. The number of shares issued shall not exceed 41,160,000 and shall not be less than 25% of the total number of shares issued upon completion of the issue.

Information shows that Shun Yu water intends to raise funds of about 371 million yuan, including 102 million yuan for the expansion of micro-power intelligent integrated water treatment equipment construction project, 61.3648 million yuan for research and development of core construction projects, 7730.25 yuan for marketing channel construction, 130 million yuan will be used as supplementary liquidity.

Shunyu Water was established in 2011, located in Changfeng County, Hefei, with Li Guanghong as its legal representative. The shares of the company were listed and traded in the National SME Share Transfer System on May 24, 2016, and terminated on March 13, 2019.

The company is a national high-tech enterprise in the water industry. Its main business includes secondary water supply and sewage treatment. At the same time, the company has gradually carried out the research and development and construction of the intelligent management platform to provide support for the intelligent management of the business, and is committed to becoming an integrated service provider of the overall solution of secondary water supply, sewage treatment and smart water.

At the beginning of its establishment, the company focused on secondary water supply business, and now its business areas cover Anhui, Jiangsu, Zhejiang, Shandong, Shaanxi and other provinces. In terms of sewage treatment business, the company has achieved good results in the rural domestic sewage treatment projects in Hefei, Xi 'an, Changzhou, Jinan, Hangzhou and other places. In 2021, the revenue of the Company's secondary water supply and sewage treatment businesses accounted for 43.79 percent and 56.21 percent, respectively.

The company focuses on scientific and technological innovation. As of December 31, 2021, the company has obtained 15 invention patents, 144 utility model patents and 66 software Copyrights. Company "Shun Yu" trademark for Anhui Province famous trademark. The company was named as a special special new "little giant" enterprise, 2020 Anhui Province special special enterprise, 2020 Hefei City high growth enterprise.

In terms of financial data, from January to June 2022, the company achieved operating revenue of 266 million yuan, an increase of 1.08 percent compared with the same period last year; Net profit attributable to shareholders of the parent company was $26.8919 million, an increase of 17.22 per cent over the same period last year.

The company expects to achieve operating revenue in the range of RMB435 million to RMB505 million for the first nine months of 2022, an increase of 5.59 percent to 22.58 percent year-on-year; Net profit attributable to shareholders of the parent company ranged from $46 million to $55 million, representing a year-on-year increase of 6.44 percent to 27.26 percent.



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