Shen Gu Group's IPO on the main board of the Shanghai Stock Exchange has accepted a proposed capital of 2,134 billion yuan

The Zhitong Finance App learned that on December 25, the main board IPO of Shengu Group Co., Ltd. (abbreviation: Shengu Group) was accepted on the main board of the Shanghai Stock Exchange. As its sponsor, CICC plans to raise 2.134 billion yuan.

According to the prospectus, Shen Gu Group is a strategic, pillar and leading enterprise in China's general machinery industry. It undertakes the task of localizing major technical equipment and complete solutions for the fields of petroleum, chemicals, electricity, natural gas, new energy, etc.; it is one of the few manufacturers in the world that can independently design and manufacture major technical equipment such as large-scale complex compressors and high-end nuclear main pumps.

The company focuses on the three business segments of energy and chemical equipment manufacturing, industrial services and strategic emerging industries. It serves a wide range of fields such as petroleum, chemicals, electricity, natural gas, new energy, etc., and focuses on R&D, design, manufacturing, sales and full life cycle services of major technical equipment products such as centrifugal compressors, reciprocating compressors and nuclear pumps.

The company's main products are centrifugal compressors, reciprocating compressors and nuclear pumps. Among them, centrifugal compressors are mainly large heavy-duty centrifugal compressors, reciprocating compressors are mainly reciprocating compressors used in the process, and nuclear pumps are mainly nuclear main pumps, nuclear stage 2, nuclear stage 3, and conventional island pumps.

In terms of compressors, the company mainly focuses on large heavy-duty centrifugal compressors and reciprocating compressors used in processes. According to Frost & Sullivan's “Independent Market Research Report on the Global and Chinese Compressor Industry”, in terms of sales, in 2023, the company ranked first in the Chinese market share for large heavy-duty centrifugal compressors, and ranked first in the Chinese market share for process reciprocating compressors. In terms of nuclear pumps, the company is a state-owned enterprise with production qualifications for nuclear grade 1, nuclear grade 2, nuclear grade 3, and non-nuclear grade nuclear power pumps.

In the field of nuclear main pumps, the company is a third-generation nuclear power AP1000 nuclear main pump (shielded main pump) localization technology introduction unit designated by the National Energy Administration. It is an independent domestic supplier of shielded main pumps and an enterprise that has achieved dual technical routes for shielded main pumps and shaft sealed main pumps in China. In the field of nuclear secondary pumps, nuclear third-stage pumps, and conventional island pumps, the company has independently developed dozens of nuclear secondary pumps and nuclear three-stage pumps. It has achieved a breakthrough in domestic nuclear grade pump zero, and has the ability to supply a full range of 300MW-1400MW nuclear power plants The capacity of the pump.

According to Frost & Sullivan's “China Nuclear Pump Market Research Report”, in the field of nuclear main pumps, as of December 31, 2023, the company has accumulated orders for third-generation nuclear main pumps in operation and under construction (excluding backup pumps) with 28 units, ranking second in the Chinese market share; of these, there are 28 shielded main pumps, accounting for 63.6% of the shielded main pump market share in China, ranking first in the industry.

The funds raised this time will be invested in the following projects:

On the financial side, in 2022, 2023, 2024, and January-June 2025, Shen Gu Group achieved operating revenue of approximately 7.396 billion yuan, 8.206 billion yuan, 9.309 billion yuan, and 4.723 billion yuan. Net profit for the same period was RMB 240 million, RMB 438 million, RMB 576 million, and RMB 363 million respectively.