October 31, 2022, Meier (China) Environmental Technology Co., Ltd (hereinafter referred to as Meier Technology) launched a prospectus, the company intends to issue no more than 33.6 million shares, the number of shares to be issued for 25% of the total share capital after the issuance of the company, and intends to be listed on the Kechuan Board of the Shanghai Stock Exchange, the stock referred to as Meier Technology, the stock code is 688376. the company's products are mainly applied to the cleanroom air purification, focusing on semiconductor, biomedical and other industries. During the reporting period, the company's operating scale grew rapidly and its performance improved steadily. Through more than 20 years of development and accumulation, the company has become one of the larger enterprises in the field of domestic cleanroom equipment.
Many years of deep plowing and meticulous market share steadily forward
The company's main business is the air purification products, atmospheric environment management products, research and development, production and sales. The company's products are mainly used in clean room air purification, focusing on the semiconductor, biomedical and other industries, during the reporting period, from the semiconductor, biomedical and other industries clean room revenue accounted for 80.68%, 72.00%, 72.72% and 69.01%. In addition, based on the demand for air purification in the public **** healthcare sector after the outbreak of the new Crown Pneumonia epidemic, the company has vigorously promoted the research and development, production and sales of medical air purification equipment business. The company is also gradually developing and accumulating technologies in the field of atmospheric environmental management, and actively exploring the industrial dust and oil mist removal and VOCs management market.
The company's products are mainly fan filtration units, high-efficiency filters, intermediate and middle-performance filters, chemical filters, electrostatic filters, air purifiers, industrial dust removal and oil mist removal equipment, VOCs control equipment, etc., the application areas are mainly for the clean room air purification, indoor air quality optimization, air pollution emission control. The downstream applications of clean room air purification mainly include semiconductor, biopharmaceutical, food, etc., and the main products include fan filtration units, high-efficiency filters, and chemical filters. The downstream application segment of indoor air quality optimization mainly includes medical institutions, large commercial buildings, public *** places, home environment, etc., and the main products include intermediate and middle-performance filters, electrostatic filters and air purifiers. Air pollution emission control application segmentation mainly includes industrial dust removal, VOCs treatment, etc., the main products include industrial dust removal equipment, VOCs treatment equipment, etc..
It is worth noting that the company is located in the air purification industry, focusing on the semiconductor, biomedical, public **** health care, industrial dust removal and VOCs treatment and other market segments. In recent years, benefiting from the industrial upgrading of the semiconductor industry, LCD panel manufacturers, chip manufacturers based on the demand for product replacement, have built new high-standard clean plant, a large number of purchases of the company's air purification products, for the company's rapid development provides favorable external conditions.
At the same time, the company with years of understanding and investment in the market, adhere to the R & D innovation as the driving force for the development of a solid, diverse technology platform and competitive product solutions, the establishment of a nationwide network of sales channels, shaping a good brand image, and improve the customer service system, so that the company in the technology, products, channels, brand and service aspects of the formation of a comprehensive competitive advantage. The company has formed a comprehensive competitive advantage in technology, product, channel, brand and service, etc., and the company's products have maintained a high market share and gross profit margin.
During the reporting period, the company realized operating revenues of RMB 792,452,900,000, RMB 902,917,300,000, RMB 1,149,715,600,000 and RMB 56,665,500,000 respectively, and net profits of RMB 71,283,200,000, RMB 82,465,400,000, RMB 107,550,800,000 and RMB 63,437,600,000 respectively, from 2019 to 2021 The company's revenue and net profit have achieved CAGRs of 20.45% and 22.84%, respectively.
Broad Industry ProspectsCompany's Industry Advantages
In order to meet the quality, safety and environmental requirements of different customers around the world, Meier Technology has passed the ISO9001:2015 quality management system certification, ISO14001:2015 environmental management system certification, ISO45001. 2018 Occupational Health and Safety Management System Certification. All of our main products meet the requirements of domestic and international air cleanliness related quality standards, and have passed 3C, UL, FM, AHAM, CE and other national and regional certifications.
The company has six factories located in Nanjing, Tianjin, Zhongshan, Chengdu and Malaysia, with a production plant area of over 40,000 square meters. The company has become one of the larger suppliers in the field of domestic cleanroom equipment, and the production capacity of core products such as fan filtration units and air filters is more than sufficient. Through the layout of major factories and service outlets, the company can ensure the timely supply of products to most regions of the country.
The company is actively expanding its business in the fields of industrial dust and oil mist removal, VOCs treatment, restaurant kitchen fume treatment, and public **** health care under the new crown pneumonia epidemic. With the outbreak of the new crown pneumonia epidemic, the public **** places and health care system put forward higher requirements for air cleanliness. The company actively assisted medical institutions and other units to maintain normal order during the epidemic by supplying medical air purification equipment and other products, which played a positive role in the prevention and control of the epidemic. According to the Notice of the General Office of the Ministry of Industry and Information Technology on the Announcement of the List of Key Protection Enterprises for the Prevention and Control of the New Crown (the Sixth Batch) issued by the General Office of the Ministry of Industry and Information Technology (No. 64 of the Regulation Letter of the Office of the Ministry of Industry and Information Technology [2020]), the Company belongs to the key protection enterprises for the prevention and control of the epidemic.
Raising funds to increase the main industry is committed to promoting the development of the air purification industry
The prospectus shows that the U.S. ETech this issue of proceeds after deducting issuance costs, will be invested in the following projects: production expansion projects, research and development platform projects and supplementary working capital, the amount of proceeds invested in the fund-raising of 422.9869 million yuan respectively, 152,554,400 yuan and 138,000 yuan, *** totaling 713,541,300 yuan.
The company said in the prospectus, the issue of proceeds before the availability of funds, the company will be based on the actual progress of the above investment projects, self-financing to pay for the project required payments, to be replaced after the availability of funds raised. If the net proceeds (after deducting the issuance costs) can not meet the capital requirements of the above investment projects, the shortfall will be self-financed by the company; if the net proceeds exceed the capital requirements of the above investment projects, the excess will be used for the development of the company's main business in accordance with the relevant provisions of the China Securities Regulatory Commission and the Shanghai Stock Exchange.
Since its establishment in 2001, the company has been based on the Chinese market, applying industrial-grade ultra-clean technology to both commercial and residential sectors, and continuing to innovate from air intake to exhaust to meet the growing demand for air purification.
The company is committed to promoting the development of the air purification industry and improving global air quality, and is dedicated to becoming a leading global manufacturer and service provider of air purification products. In the future, the company will continue to increase investment in brand building, technology research and development, personnel training, quality control, etc., market-oriented, innovation-driven, relying on national industrial policy, vigorously expand the downstream market and application areas, research and development of new technologies and new applications, to enhance the manufacturing capacity and quality, and the comprehensive use of new scientific and technological means, and continue to enhance the core competitiveness of the company, to achieve the company's vision and mission.
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