Panorama Network September 11th Shandong Demian Co., Ltd. officially issued a prospectus today, will issue 70 million A shares in the SME board, accounting for 43.75% of the total issued share capital. It is understood that this is the first cotton spinning enterprise to conduct IPO since the issuance of all-circulating new shares.
Demian is one of the companies that have already waited for an IPO before, and Ping An Securities is the lead underwriter of the new share issue. The company is sponsored by Demian Group, and the operating net assets of the wholly-owned subsidiary Dezhou Yimian are invested, and the four promoters of Hengfeng Textile, Sunway Industrial, Dezhou Industrial and Hualu Hengsheng are joined. In cash, it was jointly established in June 2000.
Demian Co., Ltd. specializes in spinning and weaving; wholesale and retail of textile raw materials, textiles, garments, textile equipment and equipment, accessories and test instruments, mainly producing extra-wide decorative fabrics and anti-feather fabrics, elastic fabrics, and sizes. Jacquard fabric series as well as filament fabric series and yarn-dyed fabrics. Now it has an annual production capacity of 63 million meters of natural fabrics, 1 million meters of filament fabrics and 6.5 million meters of yarn-dyed fabrics, forming a one-stop production system for spinning, dyeing, weaving and finishing. In the first half of this year, the company achieved sales income of 452.59 million yuan and net profit of 12.18 million yuan.

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