Zhejiang Zhemeng Heavy Industry Co., Ltd. was listed on GEM on June 5, 2020.

The securities code is 300837, and the securities are abbreviated to Zhejiang Mining Co., Ltd. for short. 25 million new shares are issued to the public at an issue price of 17.57 yuan / share, and the total amount of funds raised is 439.25 million yuan.

With cone crusher, jaw crusher and other large-scale mining machinery and equipment as the leading products, Zhejiang Mining Co., Ltd. is a comprehensive enterprise integrating the development, production, sales and after-sales service of green and intelligent mining machinery and equipment, which can realize the independent R & D and production and manufacturing of complete equipment and its intelligent management system and other core equipment of the entire industrial chain.

From January to March 2020, the company's operating revenue, net profit and net profit after deducting non recurring profit and loss increased by 28.42%, 40.63% and 31.36% respectively compared with the same period of 2019.

According to the preliminary forecast of current orders in hand and contract performance progress, the company expects to achieve sales revenue of 200-220 million yuan in the first half of 2020, a year-on-year increase of 16-27%; net profit attributable to shareholders of the parent company is about 49.955-61.355 million yuan, a year-on-year increase of 9-34%; net profit attributable to shareholders of the parent company after deduction of non profits is about 48-59.4 million yuan, a year-on-year increase of 9% Growth of 13% to 40%.

As a leading mine crushing and screening equipment supplier in China, the company has accumulated rich experience in production and R & D after more than ten years of development. It has 232 patent technologies related to mine machinery manufacturing (including 63 invention patents), and was awarded as the key high-tech enterprise of national torch plan by the Ministry of science and technology in 2014.

The company has successively undertaken the national science and technology small and medium-sized enterprise technology innovation fund project, National Torch Plan industrialization demonstration project and other work, successfully developed a number of new products, and won many honors such as national key new products. In addition, the single cylinder hydraulic cone crusher (Standard No.: JB / t2501-2017) drafted by the company has become the national machinery industry standard, marking that the company's overall technical capacity is recognized by the industry, and its technical advantages will provide strong guarantee for the company's future development and continuous innovation.

The company plans to develop steadily in the next three years, comprehensively promote the upgrading of product structure, optimize the company's profit source, improve its core competitiveness, consolidate and enhance the company's leading position in the industry, and strive to become a crushing and screening complete equipment supplier with international influence.

Author:Riley Cook

Category:Zhejiang Zhemeng Heavy Industry Co., Ltd.

Tag:Sandvik

Time:Jun 14 17:20:13 2020 Sunday