INTCO landed on the science and technology innovation board, rising 255.28% on the same day

On July 9, Ink Recycler landed on the science innovation board and closed at 78.02 yuan on the day of listing, up 255.28%.

Liu Fangyi, Chairman of Inco Recycling, said that Inco Recycling is a high-tech manufacturing and recycling economy enterprise committed to recycling, recycling and utilization of renewable plastics. With the mission of becoming "a leading enterprise in the field of global plastic recycling economy", Inco Recycling aims to establish a recycling and recycling system for all kinds of renewable plastics.

At present, Inke has formed three main business categories around three core technologies of recycling, recycling and utilization, covering a complete vertical industrial chain of PS plastic recycling. On the basis of recycling PS plastic, Inke has expanded its recycling business of PET, PE, PP and other plastics.

In terms of financial statements, from 2018 to 2020, the operating income of Inke Renewable is 1.175 billion yuan, 1.273 billion yuan and 1.699 billion yuan respectively, and the corresponding net profit is 87 million yuan, 95 million yuan and 217 million yuan respectively. Among them, 2020 will see rapid growth.

The number of shares issued by Ink Recycling is 33,258,134 shares, accounting for approximately 25% of the total share capital after the offering, and the total share capital after the public offering is 13,303,493 shares. The issue price is 21.96 yuan per share, corresponding to the price-earnings ratio of 23.33 times, the issue raised a total of about 730 million yuan.