On July 6, it was disclosed that Zhejiang Yingfeng Technology Co., Ltd. (hereinafter referred to as “Yingfeng Technology”) located in Shaoxing, Zhejiang announced the details of this IPO! The company was established in 2008 and carried out joint-stock reform in 2016. On December 26, 2019, Yingfeng Technology disclosed a prospectus on the website of the China Securities Regulatory Commission and planned to be listed on the main board of the Shanghai Stock Exchange. The public offering of this IPO will not exceed 80 million shares. , the 131 million meters of high-end fabric intelligent green printing and dyeing project planned to be invested by raising 400 million yuan will be carried out closely around the company’s main business, which will consolidate and enhance the company’s main business.
Yingfeng Printing and Dyeing Factory
The prospectus shows:
1. The construction content of the 131 million-meter intelligent green printing and dyeing project for high-end fabrics includes three parts. The first is the knitted fabric printing and dyeing project with an annual output of 11,900 tons. The second is the pad-dying project with an annual output of 35 million meters of woven fabrics. The third is the annual output of 11,900 tons of knitted fabrics. Production of 40 million meters of woven fabrics and 10,100 tons of knitted fabric printing projects.
After the project is put into operation, the annual output of 35 million meters of woven fabric pad dyeing project, the annual output of 40 million meters of woven fabrics and the 10,100 tons of knitted fabric printing project will make full use of the company’s The printing and dyeing industry has high brand awareness and rich experience in dyeing and finishing, and expanding its business scope into the field of textile pad dyeing and printing will help enrich the company’s product categories, improve its business structure, and enhance its comprehensive competitiveness.
After the project reaches full production, it is expected that the annual new operating income will be 594.58 million yuan, the annual new net profit will be 68.5158 million yuan, the financial internal rate of return will be 12.36% (after income tax), and the investment recovery will be The term is 6.3 years (excluding the construction period).
Innovation R&D Testing Center Construction Project
The innovative R&D and testing center construction project has a total investment of 50 million yuan. It plans to build R&D buildings, laboratories and supporting facilities, purchase advanced R&D equipment and instruments at home and abroad, and create a modern innovative R&D and testing center.
The project will enhance Yingfeng Technology’s ability to integrate high-quality R&D resources, help improve Yingfeng Technology’s technological innovation level and new product development capabilities, and pave the way for the research and development of new technologies and new products. Provide a more complete R&D environment to further improve the quality and performance of the company’s products and strengthen the competitiveness of the company’s existing products. Yingfeng Technology will improve the R&D system on the basis of existing R&D resources, purchase additional equipment and introduce talents, build a new R&D platform, establish and improve R&D management systems and processes, improve the standardized management of R&D centers, and better control product production. Provide technical guidance on the process.
Financial reports show that in 2016, 2017 and 2018 , the total operating income of Yingfeng Technology was 682.8231 million yuan, 901.0071 million yuan, and 986.5824 million yuan respectively, and the net profits were 131.1091 million yuan, 113.4603 million yuan, and 138.2857 million yuan respectively,
Yingfeng Technology’s knitted fabric printing and dyeing revenue accounted for a relatively high proportion in 2016, 2017, 2018, and 2019 The revenue proportions from January to June were 76.39%, 64.90%, 65.69% and 51.83% respectively. With the new production line mainly engaged in printing and dyeing of woven fabrics put into production at the end of 2016, the company’s revenue share of the printing and dyeing business of woven fabrics increased from 23.61% in 2016 to 34.31% in 2018, and the company’s product structure became more balanced. From January to June 2019, the company’s revenue from woven fabric printing and dyeing business further increased to 48.17%.
At the end of 2016, the end of 2017, the end of 2018 and the end of June 2019, the total assets of Yingfeng Technology were 784.8452 million yuan, 851.5093 million yuan, 955.0096 million yuan and 953.551 million yuan respectively. At the end of 2018 and the end of 2017, total assets increased by 103.5003 million yuan and 66.6641 million yuan respectively compared with the previous year, a year-on-year increase of 12.15% and 8.49% respectively. The reason is that as the company’s sales scale continued to grow during the reporting period, related operating assets increased. Non-current assets increased more at the end of 2018 than at the end of 2017, mainly due to the increase in intangible assets due to the acquisition of Jingrui Dyeing and Finishing.
The prospectus shows that Yingfeng Technology specializes in the printing and dyeing processing business of textiles and is committed to providing customers with professional, integrated We provide comprehensive and personalized printing and dyeing services, mainly including two series: knitted fabric printing and dyeing and woven fabric printing and dyeing.
Yingfeng Technology has 180 million meters/year of woven fabrics and 80 million kilograms/year of knitted fabric printing and dyeing processing capacity, accounting for approximately 0.86% of the printing and dyeing output of printing and dyeing enterprises above designated size in the country in 2018. The company’s customers are mainly located in Zhejiang, Fujian, Jiangsu, Shanghai, Guangdong and other places, of which Zhejiang is The most important sales area accounted for more than 70% of the annual product sales during the reporting period. In 2019, it was selected into the list of the top 30 Chinese printing and dyeing enterprises released by the China Printing and Dyeing Industry Association. The company’s overall technical level and product development capabilities are at the forefront of the industry.
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Zhejiang Yingfeng deploys 6 million “world-class” Waste gas treatment equipment
Building internationally advanced intelligent green printing and dyeing
Zhejiang Yingfeng Technology Co., Ltd. is accelerating the realization of intelligent green printing The pace of transformation. It was reported in early February that the construction site of the smart factory “New Yingfeng” one kilometer away from the original factory area of ”Yingfeng Technology” saw a busy scene on the construction site covering an area of nearly 130 acres. The main building of the factory area has been roofed, and the construction of auxiliary buildings is being advanced in an intensive and orderly manner.
Up New equipment
Meets the “strictest standards” for atmospheric emissions
As “Yingfeng Technology” promotes the intelligent green printing and dyeing project of high-end fabrics As the core platform, “Xin Yingfeng” has successively introduced multiple printing, dyeing and textile equipment from Japan, Italy and other countries. It is worth mentioning that after the completion of the project, “Xin Yingfeng” will also launch the city’s first Air Clear The fiber filtration system and its supporting exhaust gas treatment equipment for printing and dyeing setting machines will further assist regional air pollution prevention and control work.
Relevant responsible persons of Keqiao Branch of Municipal Ecological Environment Bureau People told reporters that this set of equipment from Maryland, worth 6 million yuan, was donated to Keqiao District by Ningbo Shenzhou International Group, chaired by Keqiao Township Xian Ma Jianrong, at the beginning of this year. According to reports, Air Clear is a global leader in solving air pollution control problems. The system it developed has also become the first choice of many large textile printing and dyeing companies around the world because of its extremely high particle removal rate and low maintenance costs. “It can be said that the arrival of this equipment will help printing and dyeing companies truly achieve the world’s most stringent standards for air pollutant emissions.”
The reporter learned that “Yingfeng Technology” is known as “Yingfeng Technology” With the purpose of “green manufacturing”, we are leading similar enterprises in our city. Just yesterday, a reporter saw in the original factory area that although the equipment in the workshop was running at full capacity, the exhaust equipment located on the top platform of the factory seemed quite “calm” – after being treated with “whitening” technology There is almost no color difference between exhaust gas and air. For this reason, Keqiao District chose to install new equipment in “Xin Yingfeng” in the hope that enterprises can use advanced technical equipment and processes to truly achieve the goal of changing the exhaust gas from “almost no color difference” to “invisible” from the exhaust chimney. Reducing the impact of corporate exhaust on air quality also provides a new model for the high-tech, intelligent and green development of printing, dyeing and textile enterprises in the district and even the city. “The transformation and upgrading of traditional industries is a point-to-face process. Excellent enterprises must lead good teams and implement and promote good experiences and practices.” said the relevant person in charge of the Municipal Ecology and Environment Bureau.
Fu Shuangli, chairman of “Yingfeng Technology”, told reporters: “After the new equipment is in place, we will do our best to make good use of it, and use the new equipment to collect, process and All standards must be met to achieve the overall goal of promoting high-quality urban economic development in an ecologically environmentally friendly and green production manner.”
It is reported that “New Yingfeng” will be launched in the middle of this year Officially put into production, annual sales are expected to reach nearly 1 billion yuan.
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