Cyclone of the Yellow River: Signs of significant inflows of large funds

Abstract Fundamental: The company is a key enterprise supporting the 50 major enterprises of the Henan Provincial Government. It is also a private listed company listed as a key high-tech enterprise of the "Torch Plan" by the state. The company has a state-level enterprise technology center and a post-doctoral research station. The company mainly produces artificial...

Fundamental: The company is a key enterprise supporting the 50 major enterprises of the Henan Provincial Government. It is also a private listed company listed as a key high-tech enterprise of the Torch Program by the state. The company has a state-level enterprise technology center and a post-doctoral research station. The company mainly produces synthetic diamond and diamond products. The leading products include UDS series diamond presses, synthetic diamonds, cubic boron nitride, diamond thick films, diamond micro-powders, diamond products, construction machinery and automatic control devices. The company is the largest diamond production base in China, and its output ranks first in the country and in the forefront of the world. "Cyclone" brand products are popular in developed countries such as Japan, the United States, Europe and Southeast Asia.

Market: The company's non-public offering of fundraising projects has broad prospects. The company's non-public offering information has been submitted to the Securities and Futures Commission and is expected to be approved in early 2011. The company plans to issue a total of no more than 110 million shares, and the issue price is not less than 6.41 yuan / share. The total amount of funds to be raised by the company is not more than 650 million yuan, which is used for the annual production of 12,000 tons of alloy powder production line project and the annual production of 12 million geological mineral drilling grade super-hard composite material production line projects. The company has already started to produce alloy powder and super-hard composite materials in small batches. In the first half of the year, the income of super-hard composite materials was 15.37 million yuan, and the income of alloy powder was 22.05 million yuan. However, due to the lack of scale, the gross profit margin is only 20%. However, the company has already completed the technical reserves and market reserves for the production of these two types of products. As long as the company's production equipment investment is completed, it can rapidly expand the two types of products. The company plans to complete 50% of its production capacity in 2011. The corresponding main income is 500-600 million yuan. It will be fully realized in 2012. The main income of these two types of products will be around 1.2 billion yuan. The corresponding gross profit margin will also increase to about 40% with the scale effect.
 

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