New IPO Technology Cooperation Yunlu Plans to Publicly Issue 30 Mn Shares

With the proposed issuance of 30 million shares, constituting 25% of the total share capital after the public offering, Q Yunlu expects to realize an operating revenue between CNY 890 million and CNY 960 million and an estimated net profit between CNY 113 million and CNY 125 million in 2021. 

Yunlu shares indicated that this public issuance is intended to collect new shares instead of transferring old shares, thus leveraging capital for the company's industrialization projects. 

Specifically, the company plans to allocate CNY 180 million on the high-performance ultra-thin nanocrystalline strip and its devices, CNY 200 million on the high-quality alloy powder products, CNY 30 million on a new generation of high-performance and reliable amorphous alloy closed three-dimensional roll of 10000 tons, CNY 150 million on product and technology R&D, and CNY 240 million on the supplement of working capital.

Now, Yunlu shares, rated by the Ministry of industry and information technology as the third batch of "little giants" of 'Zhuan Jing Te Xin' (Specialization, Refinement, Differentiation, and Innovation), ranks first in the global market of amorphous alloy materials.