Xing Yunbo, 61, is leading the Tianrun crankshaft to the capital market. The current largest car engine crankshaft manufacturer in China will be listed in Shenzhen SME Board in late August, becoming the first listed company in Shandong after IPO restart. On August 4th, Tianrun Crankshaft issued a letter of intent to reveal its intention to issue 60 million A shares. The total share capital after the issuance was 24,000 shares. According to its 2007 net profit of 9,838,500 yuan, the earnings per share was 0.39 yuan. Calculated at 30 times P/E, the stock price of Tianrun crankshaft after issuance is approximately 11.7 yuan. According to the prospectus, the company's chairman, Xing Yunbo, indirectly held the 58,000.24 million shares of Tianrun Crankshaft and the wealth of RMB 680 million through the largest shareholder, Shandong Crankshaft Company Limited. "Tianrun Crankshaft" is called "Tianrun Crankshaft Co., Ltd." and is mainly engaged in the production and sales of engine crankshafts. The funds raised will be used to invest in four projects of the Xichai heavy truck crankshaft production line, heavy truck crankshaft production line, light truck crankshaft production line, and Weichai heavy truck crankshaft production line, with a total investment of approximately 614 million yuan. It is understood that these four newly-built crankshaft production lines have already had relatively clear demand customers, among which the forged steel crankshaft plans to add 240,000 new production capacity, and are supplied to Dongfeng Cummins, Weichai Power, FAW Xichai and other auxiliary equipment in various models. ; The nodular cast iron crankshaft planning new production capacity of 150,000, already has a clear supporting needs of Beiqi Futian Cummins. At present, Tianrun crankshaft is China's largest manufacturer of automotive engine crankshafts. It has an annual production capacity of more than 50,000 crankshafts for various types of engines. It accounts for more than 35% of the market for high-end heavy-duty engine crankshafts. The company's total production and sales ratio remained above 50%. Previously, Tianrun crankshaft had caused the merger and acquisition idea of ​​Germany's ThyssenKrupp, the giant of the international crankshaft, but it was ultimately unsuccessful because of administrative approval. According to the data, Xing Yunbo, the company's chairman, was born in 1948. He is a senior economist and deputy of the People's Congress of Shandong Province. He once served as deputy director and director of the crankshaft factory, deputy general manager of Wendeng Machinery Co., Ltd. and director of the crankshaft plant, Tianrun Co., Ltd. Chairman and General Manager, currently Chairman of the Crankshaft Plant and Chairman of Tianrun Crankshaft. At present, Tianrun Crankshaft has 1,130 main production equipments, 790 gold cutting equipments, 125 high-precision equipments; Germany's KW casting line with annual output of 500,000 crankshafts, 150,000 German BECHE forging lines, Austrian gas The nitrocarburized crankshaft production line and the German car crankshaft production line have annual output of forged steel crankshafts and ductile iron crankshafts of more than 500,000. Plastics Steel Cylinder Protective Mesh Sleeve Plastics steel cylinder protective mesh sleeve is a type of protective cover that is used to safeguard the plastic or steel cylinders from damage or wear and tear. The protective mesh sleeve is made of high-quality materials that are durable and resistant to wear and tear. The mesh sleeve is designed to fit snugly over the cylinder and provide protection against scratches, dents, and other types of damage. Plastics Steel Cylinder Protective Mesh Sleeve,Poly Net Bags,Poly Mesh Bags,Cheap Mesh Bags Suzhou Yitengjia Extruded Net Packaging Co., Ltd. , https://www.plasticnetbag.com
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