Youken Composites and Lin Ping Development submit IPOs for registration on the Shanghai Stock Exchange

Zhitong Finance App learned that on December 13, Youyan Metal Composites (Beijing) Co., Ltd. (abbreviation: Youyan Composite) Shanghai Stock Exchange Science and Technology Innovation Board IPO and Anhui Linping Circular Development Co., Ltd. (abbreviation: Lin Ping Development) IPO application review status changed to “submit registration”. The sponsor agencies are CITIC Securities and Guolian Minsheng Securities Underwriting and Sponsorship Co., Ltd., which plan to raise 900 million yuan and 1.2 billion yuan respectively.

According to the prospectus, Youyan Composites is a high-tech enterprise mainly engaged in R&D, production and sales of metal composites and products and special non-ferrous metal alloy products. The business is divided into metal composites and products and special non-ferrous metal alloy products. The main products include metal-based composites and products, bimetallic composites and products, special aluminum alloy products, and special copper alloy products. The company's products are widely used in aerospace, military electronics, smart terminals, household appliances and other fields.

Lin Ping Development is mainly engaged in R&D, production and sales of corrugated paper and box board paper products for packaging; after years of development, the company has grown into a comprehensive resource utilization enterprise integrating waste paper utilization, cogeneration, and green paper making. The company realizes resource recycling and sustainable development through processes such as waste paper utilization, sewage treatment, reuse of white water and reclaimed water, biogas combustion to generate electricity, sludge reuse, cogeneration of heat and power, and green manufacturing. The company's main products include corrugated paper and box board paper. The company's products are sold downstream and made into corrugated boxes, which are widely used in logistics transportation, industrial products and consumer goods packaging.