Brief Introduction

Nantong Xingqiu Graphite Company (Stock code: 688633) is specializes in study of deep application of graphite and related equipment manufacturing filed. Reputed as The National Manufacturing Individual Champion Demonstration Enterprise, The National First Batch of Lesser Giant Enterprises of Specialized, Precise and Extraordinary, and The China Large-Scale Graphite Equipment R&D and Manufacturing Base. The products mainly involves: graphite synthesis furnaces, heat exchangers, towers and other relevant equipment, auxiliary systems and graphite accessories. With advantages of energy conservation and environment protection, those products belong to high-end equipment field. The main products are listing on the “Catalogue of National Strategic Emerging Industries (2018)”, and the core techniques are placed in “National Industrial Energy Saving Technology Application Guide and Case (2019)”, which has became a demonstration case of China energy-saving technology. On March 24, 2021, Xingqiu Graphite officially entered SSE STAR MARKET and floated on the stock market. It was the first graphite equipment manufacturer that entered into the China stock market.

The company, whose techniqueis taking a leading position in the domestic industry, has full independent R&D and design capabilities. The company provides professional services for downstream clients in the field of chlor-alkali, pesticides, medicine, silicones, fine chemical engineering, “three wastes” treatment and so on. Meanwhile, in order to seek for faster development, our company are constantly expanding the incremental market areas such as photovoltaic, electronics, hazardous waste incineration.

Our company will continue to take the mission to explore the potential of graphite application and maintain the leading position in the industry. In the future, our company will center on graphite equipment and systems, base on graphite materials production and rely on repair and maintenance services to form an industrial pattern that integrates materials, equipment, systems and services, which helps boost the development of high-end equipment industry as well as forms unique core competitiveness of our company .

Company Overview

Full name Nantong Xingqiu Graphite Co., Ltd.
Abbreviations Xingqiu Graphite
Code 688633
Founded 2001-10-24
Listing 2021-03-24
Domicile Nantong City, Jiangsu Province
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 2.78 2.24 -
R&D expenditure as a % of operating revenue 5.85% 5.22% 10.22%
Operating Revenue 559.57 480.97 419.86
Net Income 151.59 122.46 51.94

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 559.57 480.97 419.86
Operating Costs 305.55 237.43 221.11
Operating Income 167.52 143.11 56.87
Pretax Income 175.95 142.74 55.80
Income Tax 24.36 20.28 3.86
Net Income 151.59 122.46 51.94

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 628.49 639.77 562.13
Non-current Assets-Total 236.66 166.83 137.92
Total Assets 865.15 806.59 700.05
Current Liabilities-Total 270.64 334.67 319.01
Non-current Liabilities-Total 0.56 - -
Total Liabilities 271.20 334.67 319.01
Stockholder's Equity
Share Capital 344.56 344.56 116.46
Retained Profits 246.53 124.43 260.46
Total Owners' Equity 593.95 471.92 381.04

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 133.77 76.47 67.58
Net Cash Flows-Investing -3.04 12.84 -38.26
Net Cash Flows-Financing -40.00 -30.88 -37.42

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Zhang Yi 39.60 54.45%
Qian Shujuan 9.20 12.65%
Xia Bin 2.00 2.75%
Nantong Big Dipper Management Consulting Center (Limited Partnership) 2.00 2.75%
He Xueping 1.58 2.18%
Yang Zhicheng 0.60 0.82%
Sun Jianjun 0.60 0.82%
Zhu Li 0.55 0.76%
Zheng Tao 0.17 0.23%
Jiang Jinfeng 0.14 0.19%
As of 2021-03-30

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