Modified engineering plastics research and development company China Plastics Co., Ltd. (301686.SZ) plans to publicly issue 12.332,900 shares
According to the Zhitong Finance App, China Plastics Co., Ltd. (301686.SZ) disclosed a prospectus of intent. The company plans to publicly issue 12.332,900 shares, accounting for 25% of the company's total share capital after issuance. The initial number of strategic placements issued in this offering was 32065.54 million shares, accounting for 26% of the current offering. The initial inquiry date for this offering is September 4, 2026, and the subscription date is September 10, 2026. The application for listing on the Shenzhen Stock Exchange GEM will be applied as soon as the issuance is completed.
The company is a high-tech enterprise focusing on R&D, production and sales of modified engineering plastics, and a “little giant” enterprise with a national specialty and new focus. It has created a product matrix with high-performance engineering materials and special functional materials as the core. Modified plastics are one of the key development areas of new materials in China, and are an important part of China's strategic emerging industries and innovation-driven development strategy.
The company's net profit attributable to owners of the parent company from 2023 to 2025 was: 79 million yuan, 100 million yuan, and 127 million yuan, respectively. Industries such as energy storage and new energy vehicles are the company's key development areas. In each period of the reporting period, the revenue amount of modified engineering plastic products in the field of energy storage and new energy vehicles gradually increased. The sales revenue of the energy storage business was 579.15,800 yuan, 867.964 million yuan, and 857.351 million yuan respectively, and the sales revenue of the automotive business was 177.257 million yuan, 505019 million yuan, and 75.2556 million yuan respectively. The scale effect gradually became apparent. With years of accumulated technical experience and customer resource advantages in consumer electronics, the company quickly entered business sectors such as energy storage and new energy vehicles, better grasped product and technology development trends, and successfully expanded many well-known customers.
The capital raised by the company is intended to be used for the “Intelligent Production Base Construction Project for High-Performance Engineering Materials”, “Jiangxi China Plastics Production Base Expansion Project”, “New Material Engineering Technology Research Center Construction Project” and “Supplementary Liquidity”. In total, it plans to raise about 645 million yuan in capital. The fund-raising investment project is based on the company's current business needs and future strategic plans. It helps enhance the company's core competitiveness, R&D technical strength and product delivery capabilities, and lays a solid foundation and strong impetus for the company's development.