Asia Union Machinery (001395.SZ), which is mainly engaged in the business of wood-based panel production lines and supporting equipment, plans to publicly issue 21.81 million shares for the first time

According to the Zhitong Finance App, Asia Union Machinery (001395.SZ) disclosed a prospectus of intent. The company plans to make an initial public offering of 21.81 million shares. The initial inquiry date is January 10, 2025, and the subscription date is January 16, 2025.

According to the announcement, the company is a supplier and service provider of overall solutions for wood-based panel production equipment. Its main business is R&D, production, sales and service of wood-based panel production lines and supporting equipment. The company takes continuous flat press production line products as the core, and provides steel belt products and transformation services according to customer needs on this basis, and provides equipment and technical support for downstream enterprises to produce wood-based panels such as fiberboard and chipboard and other new materials. From 2021 to 2023, net profit attributable to owners of the parent company was 83.8597 million yuan, 87.366 million yuan, and 103 million yuan, respectively.

According to reports, this fund-raising plan is to invest in the Asian Union Machinery's integrated manufacturing base project and R&D center project for wood-based panel production line equipment. A total of 401 million yuan of capital raised is to be used.