Plant extract leader Chenguang biology online subscription

Chenguang biology issued A-share online subscription for the first time 23 million shares were issued, with a total share capital of 89.79 million shares According to the preliminary inquiry results, it is determined that the issue price is 30 yuan / share, the corresponding price earnings ratio is 63.83 times, the subscription is referred to as "Chenguang biology", and the subscription code is "300138" According to reports, Chenguang biology is mainly engaged in the research, development, production and sales of plant extracts, ranking second in the export of plant extracts in China in 2009 Chenguang biological's main products are natural pigment capsanthin, lutein and spice extract capsicum essence, of which capsicum red occupies about 50% of the international market At present, the company is the largest capsicum red pigment production supplier in the world The fund raised in this IPO of Chenguang biology is mainly used for the main business, mainly invested in the project of 20000 tons of pigment granules per year, 2000 tons of fine natural pigment, 60000 tons of plant protein and the project of Hebei natural pigment Engineering Research Center It is worth noting that after the completion of the project with an annual output of 20000 tons of pigment granules, 110000 tons of marigold flowers and 15000 tons of dried peppers will be processed annually, with an annual output of 10000 tons of marigold granules and 10000 tons of chili granules; after the completion of the project with an annual output of 2000 tons of fine natural pigments, the annual production of fine natural pigments 2 can be realized, 000 tons, 500 tons of common natural pigment; after the completion of the project with an annual output of 60000 tons of plant protein, 90000 tons of cottonseed and 60000 tons of soybean can be processed annually to produce 60000 tons of plant protein According to the analysis, the implementation of the fund-raising project is conducive to the improvement of raw material control, product quality and technical strength of Chenguang bio At the same time, the business scope of the company will be expanded, the production capacity will be greatly improved, and the future performance of the company will be promoted rapidly According to the data, at present, there are more than 14000 kinds of food additives developed in the world, with a market scale of 20 billion US dollars, and an annual growth rate of 2% - 3% is expected China's annual production of food additives (including fermented products) is more than 2 million tons, involving more than 1400 kinds, with an average annual growth rate of more than 10% With the increasing attention of consumers to health, natural pigments gradually occupy the market share of synthetic pigments In 2007, natural pigments have accounted for 31% of the market share of pigments In the future, the substitution of natural pigments for synthetic pigments has become an inevitable trend Guoyuan securities analysts believe that at present, the plant extract industry in China has only a history of more than ten years It is a new industry, which is in line with people's pursuit of green and healthy lifestyle in today's society It is in a high-speed development period, with an average annual compound growth rate of 18% in the past five years It is expected that in the future, the plant extract industry will maintain a growth rate of about 20% At present, the demand for natural pigments in the domestic market is gradually increasing, and the influence of morninglight biology in the market is gradually increasing, and the sales revenue from the domestic market is growing rapidly In the domestic market, the company's sales revenue increased from 52.6 million yuan in 2007 to 149.95 million yuan in 2009, with a compound growth rate of 68.84% It is reported that more than 60% of the company's products are exported, mainly to Europe, America, Australia, Japan, South Korea, Southeast Asia and other countries and regions In 2009, the export earnings ranked second in the plant extract industry in China, with a strong development momentum In 2007-2009, Chenguang biology realized operating revenues of 152 million yuan, 319 million yuan and 414 million yuan respectively, and the net profits attributable to the owners of the parent company were 11.696 million yuan, 38.496 million yuan and 48.762 million yuan respectively Lu Qingguo, chairman and general manager, said to investors, "in terms of marketing, we will develop different sales models according to different customers Some customers sign long-term contracts and some customers establish long-term and stable mutual trust relations Now the raw materials of the new season have begun to appear on the market Customers are negotiating the cooperation intention of the next year and signing the contract of the next year The overall order situation is optimistic ".