Trampoline leader Sanbaishuo IPO over the meeting: half of the overseas revenue of building buildings accounted for more than 90 %

Cover reporter Ma Mengfei

On July 21, Qingdao Sanbaishuo Health Technology Co., Ltd. (hereinafter referred to as "Sanbaishuo") Shenzhen Main Board IPO application was approved by the Securities Regulatory Commission's 81st meeting to review and approved, and it is about to enter the distribution preparation stage.

Sanbaishuo is a high -tech enterprise focusing on the research and development, design, production and sales of leisure sports and fitness equipment products. In addition, Sanbaishuo, as the country's largest trampoline manufacturer, is called the "King of Trampolis" by the industry. Over the years, Sanbai Shuo has cultivated the international market and strives to become a well -known international cycle leisure sports health service provider.

In this IPO, Sanbaishuo plans to issue no more than 609.43979 million shares to raise 1.063 billion funds to invest in "automation and construction of trampoline production lines", "leisure sports and health equipment production bases", "marketing network and brand promotion", " The four major projects and supplementary funds of R & D centers. It is worth noting that according to the plan of Sanbaishuo, the two projects of "leisure sports and health equipment production base" and "R & D center". The project cost of 550 million, that is, Sanbai Shuo spent half of the fundraising to build a building.

From the perspective of performance, in recent years, Sanbaishuo has developed steadily. From 2018 to the first half of 2021, Sanbai Shuo's operating income was 576 million yuan, 574 million yuan, 951 million yuan, and 704 million yuan, respectively; net profit was 50.486 million yuan, 76.665 million yuan, 126 million yuan, and 90.185 million yuan Essence

From the perspective of the composition of the main business income, most of the income of Sanbai is derived from overseas. In the past three years, the company's trampoline product revenue accounts for about 60%of the total revenue, and the revenue of fitness equipment accounts for about 20%. During the reporting period, foreign sales revenue accounted for 96.4%, 95.4%, 96%, and 97.4%of revenue. As a result, the growth potential of the domestic market is huge.

According to the "Analysis Report on the Status Research and Investment Prospects of the Development of the Global and Chinese Trampoline Industry" released by Qyresearch, in 2020, Skywalker, Sanbai Shuo's own brand, accounted for 12.15%of the global trampoline market sales, ranking first; the company's trampoline The total output accounted for 29.13%of China's total trampoline output, and the proportion of total trampoline output value accounted for 30.11%of the total number of Chinese trampoline production, all of which ranked first.

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