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Kopperchem passes CSRC review for listing on the Beijing Stock Exchange: Specialty surfactant manufacturer sees net profit increase by 172% to 43.4 million yuan in the first half of the year
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On October 13, Kopperchem (834033) passed the review at the 53rd review meeting of the Beijing Stock Exchange in 2022, held on October 12. The company is a specialty surfactant manufacturer, holding 37 patents, with a net profit of 43.4 million yuan in the first half of this year, a year-on-year increase of 172.44%.
According to the Beijing Stock Exchange website, Kopperchem's application materials were accepted on June 29, 2022, the inquiries were completed on September 23, and the meeting was passed on October 12.
The prospectus shows that the company plans to raise approximately 230 million yuan through its IPO, which will be used for a project to build an annual production capacity of 20,000 tons of specialty surfactants and for the Kopperchem Technology Research Institute.
Data from Wabei Research Institute shows that Kopperchem mainly engages in the research, development, production, and sales of copper extractants, new energy battery metal extractants, and other specialty surfactants. The company's various products can be widely used in hydrometallurgy, battery metal recycling, urban mine resource disposal, heavy metal treatment in wastewater, and mineral flotation.
It is reported that the company's end customers include the world's top five copper mining companies BHP, CODELCO, Glencore, Freeport-McMoRan, and SCCO, as well as other well-known domestic and foreign mining groups. In addition, the company's customers also include well-known new energy battery-related companies such as CATL, Huayou Cobalt, Luoyang Molybdenum, and Shengtun Mining.
In terms of technological research and development, the company has established a Metal Solvent Extraction Engineering Technology Research Center and has successfully developed and reserved a number of core technologies. The prospectus shows that the company has been granted 37 patents in total, including 14 invention patents.
In addition, the company actively carries out industry-university-research cooperation with universities such as Central South University, Chongqing University of Technology, Sichuan University, Chongqing University, and Southwest University. It has established a strategic cooperative relationship with the Beijing Institute of Chemical Metallurgy of the China National Nuclear Corporation and continues to carry out technical cooperation with BASF, the world's largest chemical group.
In terms of authoritative recognition, the company has successively obtained recognitions and honors such as "Chongqing Municipal Excellent Enterprise Technology Center," "Chongqing Changshou District Enterprise R&D Innovation Center," "Chongqing High-efficiency Metal Solvent Extraction Engineering Technology Research Center," "National Intellectual Property Advantage Enterprise," "Chongqing Specialized and New Enterprise," and "Chongqing High-tech Enterprise."
In terms of performance, in the first half of 2022, the company achieved operating income of 144 million yuan, a year-on-year increase of 66.41%, and a net profit of 43.4 million yuan, a year-on-year increase of 172.44%.