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    002735   CNE100001WR1

SHENZHEN PRINCE NEW MATERIALS CO., LTD.

(002735)
  Report
End-of-day quote Shenzhen Stock Exchange  -  2022-09-26
19.58 CNY   -0.05%
09/13Shenzhen Prince New Materials Co., Ltd. completed the acquisition of additional 49% stake in Wuhan Zhongdian Huarui Technology Development Co., Ltd from Zhu Zhu, Zhu Wanli, Liu Jiangzhou, Jiang Shanwen and Guo Yufeng for approximately.
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08/28Shenzhen Prince New Materials Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
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07/19Shenzhen Prince New Materials Co., Ltd. agrees to acquire additional 49% stake in Wuhan Zhongdian Huarui Technology Development Co., Ltd from Zhu Zhu, Zhu Wanli, Liu Jiangzhou, Jiang Shanwen and Guo Yufeng for approximately CNY 170 million.
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Shenzhen Prince New Materials Co., Ltd. Cancelled the acquisition of 49% stake in Wuhan Zhongdian Huarui Technology Development Co., Ltd. from Zhu Zhu, Zhu Wanli, Guo Yufeng, Liu Jiangzhou and Jiang Shanwen.

07/18/2022 EDT

Shenzhen Prince New Materials Co., Ltd. (SZSE:002735) agreed to acquire remaining 49% stake in Wuhan Zhongdian Huarui Technology Development Co., Ltd. from Zhu Zhu, Zhu Wanli, Guo Yufeng, Liu Jiangzhou and Jiang Shanwen on February 24, 2021. Shenzhen Prince New Materials will issue shares and pay cash for the deal. Pre deal, Shenzhen Prince New Materials held 51% stake and after the completion of this transaction, Shenzhen Prince New Materials will directly hold 100% equity of Zhongdian Huarui.

For the year ending December 31, 2020, Wuhan Zhongdian Huarui Technology Development reported total assets of CNY 88.6 million, total owner's equity of CNY 62.4 million, revenue of CNY 59 million, operating profit of CNY 23.2 million and net profit of CNY 19.2 million. Shenzhen Prince New Materials intends to fund the cash portion by raising supporting funds. This transaction needs to be approved by the company's shareholders meeting. This transaction needs to be approved by the China Securities Regulatory Commission. On February 24, 2021, Shenzhen Prince New Materials held the 22nd meeting of the fourth Board of Directors, at which the transaction plan and related proposals were reviewed and passed. After the completion of the audit and evaluation of Wuhan Zhongdian Huarui Technology, Shenzhen Prince New Materials needs to convene the board of directors again to review and approve the transaction plan.


Shenzhen Prince New Materials Co., Ltd. (SZSE:002735) Cancelled the acquisition of 49% stake in Wuhan Zhongdian Huarui Technology Development Co., Ltd. from Zhu Zhu, Zhu Wanli, Guo Yufeng, Liu Jiangzhou and Jiang Shanwen on July 18, 2022.


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Financials
Sales 2021 1 735 M 242 M 242 M
Net income 2021 84,4 M 11,8 M 11,8 M
Net Debt 2021 39,8 M 5,55 M 5,55 M
P/E ratio 2021 50,6x
Yield 2021 -
Capitalization 4 176 M 582 M 582 M
EV / Sales 2020 3,56x
EV / Sales 2021 2,51x
Nbr of Employees 2 228
Free-Float 43,2%
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Managers and Directors
Jin Jun Wang Chairman & Chief Executive Officer
Le Ming Qu Chief Financial Officer
Lan Dong Ren Chairman-Supervisory Board
Zixue Zhang Independent Non-Executive Director
Wu Jun Wang Director & Vice President
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