Jintian Titanium Industry: It plans to launch the IPO of the Science and Technology Innovation Board, and is expected to invest 1.045 billion yuan to add advanced titanium alloy projects for high-end equipment

Jintian Titanium submitted a prospectus for its initial public offering and listing on the Science and Technology Innovation Board (application draft) on June 29. The company plans to launch an IPO on the Science and Technology Innovation Board. This time, it plans to publicly issue new shares of no less than 41.1112 million shares and no more than 92.5 million shares, and no less than 10% and no more than 20% of the total share capital after issuance. The company expects to invest 1.045 billion yuan in fundraising, and the raised funds will be used for advanced titanium alloy projects for high-end equipment (Phase I) and supplementary working capital projects.

  The company is a high-tech enterprise mainly engaged in the research and development, production and sales of high-end titanium and titanium alloy materials. The company's main products are titanium and titanium alloy bars, forgings and parts, which are mainly used in aerospace, ships and weapons and other high-end equipment fields. The company achieved operating income of 462 million yuan, 573 million yuan and 701 million yuan in 2020, 2021 and 2022 respectively; achieved net profits attributable to the parent company of 25.2996 million yuan, 94.9979 million yuan and 133 million yuan respectively.