The IPO of Cologne New Materials was approved by the Beijing Stock Exchange Listing Committee meeting, and the main customers are large coal mining and coal machine companies

Zhitongcaijing · 10/25 11:33

The Zhitong Finance App learned that on October 25, the IPO of Shaanxi Kelong New Materials Technology Co., Ltd. (abbreviation: Colon New Materials) passed the Beijing Stock Exchange Listing Committee meeting. The sponsor of this IPO is Guoxin Securities.

According to the prospectus, the main business of Cologne New Materials is R&D, production and sales of new rubber and plastic material products such as hydraulic composite seals and hydraulic hoses, as well as vehicle design, production, sales and maintenance of auxiliary transportation equipment in coal mines. It also develops and produces customized new rubber and plastic material products for customers in the military, high-speed rail, wind power and other industries.

The company's main products, rubber and plastic new material products, are the core components of hydraulic supports for integrated shearers. The main product, auxiliary transportation equipment for coal mines, is the main means of transportation of underground hydraulic supports and materials. It provides comprehensive services for coal machine production and coal mine customers at various levels, including support, maintenance and transportation around hydraulic supports for integrated shearers. Furthermore, in order to continuously meet the diverse needs of coal customers, the company has used industry resources accumulated over many years to start selling other mining accessories to large coal machine enterprise customers in recent years.

The company's main customers are large coal mining and coal machine companies. At present, it has established long-term and stable cooperative relationships with leading companies in the coal or coal machine industry such as Shaanxi Coal Group, Zheng Coal Machine, Beijing Coal Machine, Coal Flyer, Shenhua Energy, Shandong Energy, etc., and their subsidiaries, and the coal industry business is stable.

On the financial side, in 2020, 2021, 2022, and January to June 2023, Cologne New Materials achieved operating income of approximately 220 million yuan, 313 million yuan, 329 million yuan, and 184 million yuan, respectively. In the same period, the company achieved net profit of approximately RMB 284.935 million, RMB 66.1216 million, RMB 51.97 million, and RMB 24.5844 million, respectively.

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