news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

According to the official website of the Shanghai Stock Exchange, the IPO of Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. (referred to as "Zhongxin Shares"), a manufacturer of biodegradable pulp molded tableware, on the Shanghai Stock Exchange main board has been registered and effective, and the sponsor is CITIC Securities.

It can be said that Zhongxin shares are just around the corner from entering the capital market, but Caiwen.com found that Zhongxin shares still have some problems that deserve the attention of market participants. For example, whether its IPO fundraising plan of over 1.5 billion yuan is too much has been questioned by many parties. It seems that there is an over-subscription problem, and the funds may be used for other purposes in the future. In addition, the company's profitability, capacity digestion, and the actual investment of project funds all have certain problems, which deserve attention.

The risk of overcapacity is huge and the purpose of raising funds for expansion is impure

Public information shows that Zhongxin's main business is the research and development, production and sales of naturally degradable plant fiber molding products. It mainly uses natural plant fiber materials such as bagasse pulp and bamboo pulp to shape through molds to achieve the modeling effects of vacuum forming and injection molding. It is a good substitute for plastic products and is widely used in catering, fast-moving consumer goods, medical, industrial and other fields. The market development prospects are good in recent years.

Caiwen.com found that the first question about Zhongxin's IPO is whether the amount of funds raised is reasonable. According to the plan, Zhongxin intends to raise 1.538 billion yuan through the IPO. The main investment projects include an annual production of 100,000 tons of sugarcane bagasse biodegradable tableware, a research and development center construction project, and replenishment of working capital. Some people believe that this amount of funds raised is too much and there are some controversial points.