The industrial gas enterprise in the Southwest is listed today, with a record of 66%in the afternoon

Hongxing Capital Bureau June 14th news, Sichuan Qiaoyuan Gas Co., Ltd. (hereinafter referred to as "Qiaoyuan Shares", 301286.SZ) was successfully listed on the GEM of the Shenzhen Stock Exchange today, issuing new shares of 401 million shares, the issuance price is 16.91 yuan/ Stocks; the listing sponsors are CITIC Construction Investment Securities.

N Qiaoyuan rose 58.96%today. As of the closing of the noon, the closure of 66.71%was reported at 28.19 yuan/share, with a total market value of 11.279 billion yuan.

Qiaoyuan Co., Ltd. is mainly engaged in the production and sales of vacant gas products such as oxygen, nitrogen, and salamanders. The company's net profit attributable to the owner of the parent company in 2020 and 2021 was 230 million yuan and 180 million yuan, respectively. The net profit attributable to the parent company owner after deducting non -recurring profit or loss was 230 million yuan and 1.7, respectively. 100 million yuan.

It is reported that Qiaoyuan Co., Ltd. has mastered a number of vacant gas production technology, especially in the development and development of the entire liquid vacant process, internal compression large proportional liquid pipeline gas and air scores, and the development of air score production lines. , Achieved precious innovation results.

From the perspective of business distribution, the sales revenue reporting period of customers in Sichuan -Chongqing and Fujian Province accounted for more than 95%of operating income periods, and metallurgical customers are still the company's main source of revenue and profit.

Due to the high requirements for transportation time and transportation equipment, and high sensitivity to transportation costs, no matter what kind of gas supply mode, there is a restriction on the sales radius. Rising and losing market competitiveness. Affected by the above reasons, the company's main sales areas are carried out around the production base.

As of the end of 2021, in the Sichuan area, Qiaoyuan Co., Ltd. has multiple vacant production lines, with an annual production capacity of about 440,000 tons of liquid oxygen, 210,000 tons of liquid nitrogen, and 15,000 tons of liquid. Provide industrial gas.

According to public information, the net profit of Qiaoyuan Co., Ltd. fell 22.86%year-on-year, and the net profit from January to March 2022 fell 59.14%year-on-year. During the above period, the increase in operating income but declined in net profit. It is mainly because the company's production capacity expansion and the increasing growth of customer demand are not matched. Before new capacity is put into production, the core customer supply will cause temporary losses. Under the circumstances of insufficient production capacity, foreign purchases have caused reduced gross profit margin. Although the company's new production capacity is gradually being put on, the above-mentioned net profit factors are expected to have a negative impact on the performance of January to June 2022.

Red Star News reporter Yu Yao Intern Reporter Yue Yunlong

Edit Yu Dongmei

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