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The Shenzhen Stock Exchange disclosed on May 7, 2021: The Shenzhen Stock Exchange Growth Enterprise Market Listing Committee is scheduled to hold the 26th Listing Committee Review Meeting in 2021 on May 14, 2021 to review Guangzhou Jusailong Engineering Plastics Co.
, Ltd.
)
.
According to the prospectus, the number of new shares that Jusailong is applying for an initial public offering and listing on the Growth Enterprise Market is no more than 11.
9522 million shares
.
It is understood that in this IPO, the company plans to issue no more than 11.
9522 million ordinary shares to the public, accounting for no less than 25% of the total share capital after the issuance
.
The main financial data and financial indicators of Jusailong during the reporting period
Jusailong is a high-tech enterprise specializing in the research and development, production and sales of modified plastics.
Its main products include modified general plastics, modified engineering plastics, modified special engineering plastics and other polymer materials
.
The prospectus also shows that the material cost of polysialon accounts for more than 90% of the company's production cost
.
On the downstream side, Jusailong products are mainly used in household appliances, automotive industry, medical supplies, electronic communications and other fields.
Customers include Midea Group, Supor, Galanz Group, Hisense Group, Toyota Group and other well-known enterprises
.
Plastic is known as one of the three major polymer compounds.
It is made of various resins formed by the petrochemical industry.
At present, it should be ubiquitous in daily life
.
With the continuous improvement of the downstream market's requirements for the performance, quality and supply capacity of modified plastic products, the market competition will become more and more fierce.
Investment in research and development, improving product technology, further enriching product types, and enhancing bargaining power may lead to a further decline in the company's competitiveness
.
The development of today's society is inseparable from the continuous innovation of various high-tech and new materials
.
The development of various downstream application fields may become the next outlet for the development of the new material industry
.
For a long time, Jusailong relies on technological breakthroughs to lead the development of the industry
.
Looking back on the past, the most fundamental reason why Jusailong has always maintained a high development speed is that the product quality has been recognized by customers
.
Jusailong will continue to adhere to the business philosophy of "quality first, pragmatic success" to better serve customers and achieve the future
.
