Hongyuan listing time

Hongsheng Huayuan was listed on 65438+February 22, 2023.

With the approval of Shanghai Stock Exchange, RMB ordinary shares issued by the company were listed on the main board of Shanghai Stock Exchange on February 22, 2023. Hongsheng Huayuan Iron Tower Group Co., Ltd. was established on June 27th, 1985, and its legal representative is Zhao Yongzhi.

On March 4, 2023, the website of the Shanghai Stock Exchange disclosed that Hongsheng Huayuan Tower Group Co., Ltd. had submitted a prospectus and was accepted by the Shanghai Stock Exchange. The company plans to go public on the main board. On March 3 1 2023, the Shanghai Stock Exchange disclosed that the application for listing on the main board of Hongsheng Huayuan Tower Group Co., Ltd. was suspended. On June 15, Hongsheng Huayuan Tower Group Co., Ltd. updated the listing application review dynamics, and the company has replied to the review inquiry letter.

company profile

The company is mainly engaged in the research and development, production and sales of transmission line towers. The main products are transmission line towers of various voltage levels, including angle steel towers, steel pipe towers, steel pipe poles and substation structural supports. In addition, the company also produces a small number of communication towers, construction machinery steel components and other steel structure products. It is estimated that in 2023, revenue will increase by 3. 18%-4.32%, net profit will increase by -25.8 1%- 19.78%, and non-net profit will increase by -38.92%-3 1.98%.

The company's operation is relatively poor. Although the revenue keeps growing every year, the net profit is gradually declining every year. The company expects that the performance will decline to some extent in 2023. The price-earnings ratio of the company's issuance is 365,438+0.54 times, and the industry price-earnings ratio is 25.58 times. However, among comparable companies in the same industry, the valuation of Hongsheng Huayuan is still low.

Reference to the above content: Baidu Encyclopedia-Hongsheng Huayuan Tower Group Co., Ltd.