原文：http://shenzhen.chinacompositesexpo.com/en/news-detail-92-12025.htmlApril 6, Beijing – Zhongfu Shenying Carbon Fiber Co., Ltd., a holding company of CNBM Group, is officially listed at the Sci-Tech Innovation Board, Shanghai Stock Market, following an elite-crowded gong-beating ceremony celebrated concurrently in Beijing and Lianyungang, respectively headquarter of CNBM Group and Zhongfu Shenying (Code: 688295), via video link in the light of stringent COVID-19 control measures.

The IPO raises a fund of 2.933 billion RMB, at a price of 29.33 RMB per share, 100 million shares in aggregation. The price closed at 36.55 RMB per share in the first market day, 24.6% up from the issuing price.

In the prospectuses for its IPO, Zhongfu Shenying reported a continuous growth of both revenue and net profit in recent years, owing to the maturity of technology and product. In the year of 2018, 2019 and 2020, the reported revenue of the company was respectively 308 million RMB, 415 million RMB and 532 million RMB, contributing a net profit of -24 million RMB, 26 million RMB and 85 million RMB for each.

In 2021, Zhongfu Shenying reported a revenue of 1.173 billion RMB, increased by 120.44% on a year-on-year basis. The net profit in the same period was increased by 227.02% to 279 million RMB.

With the operation of Xining production base (10,000 tons capacity), Zhongfu Shenying is expected to benefit more from its product competitiveness and scale production.
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