+Follow
超级乔伊
No personal profile
10
Follow
1
Followers
0
Topic
0
Badge
Posts
Hot
超级乔伊
2021-08-05
123456789
Xingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4088037931302170","uuid":"4088037931302170","gmtCreate":1624934898917,"gmtModify":1636092569431,"name":"超级乔伊","pinyin":"cjqychaojiqiaoyi","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/bdef868792dcc9286836fb1027d7b983","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":10,"tweetSize":7,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":899904730,"gmtCreate":1628149009020,"gmtModify":1703502111618,"author":{"id":"4088037931302170","authorId":"4088037931302170","name":"超级乔伊","avatar":"https://static.tigerbbs.com/bdef868792dcc9286836fb1027d7b983","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088037931302170","idStr":"4088037931302170"},"themes":[],"title":"","htmlText":"123456789","listText":"123456789","text":"123456789","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899904730","repostId":"1109910558","repostType":4,"repost":{"id":"1109910558","kind":"news","pubTimestamp":1628148837,"share":"https://ttm.financial/m/news/1109910558?lang=en_US&edition=fundamental","pubTime":"2021-08-05 15:33","market":"sh","language":"zh","title":"Xingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.","url":"https://stock-news.laohu8.com/highlight/detail?id=1109910558","media":"华尔街见闻","summary":"兴通海运主要从事国内沿海散装液体化学品、成品油的水上运输业务。公司2018-2020年主营业务收入占比逐年提高，利润连年呈高增长态势，毛利率跑赢行业平均水平。\n兴通海运股份有限公司（简称：兴通海运）日","content":"<p>Xingtong Shipping is mainly engaged in the water transportation business of bulk liquid chemicals and refined oil products along the domestic coast. From 2018 to 2020, the proportion of the company's main business revenue increased year by year, profits showed a high growth trend year after year, and gross profit margin outperformed the industry average.</p><p>Xingtong Shipping Co., Ltd. (hereinafter referred to as \"Xingtong Shipping\") recently submitted its prospectus to the Shanghai Stock Exchange, with CITIC Securities as the lead underwriter.</p><p>Leading company in coastal bulk liquid chemical shipping industry</p><p>The company is mainly engaged in the water transportation of bulk liquid chemicals and refined oil products along the domestic coast. As of December 31, 2020, the Company owned a total of 14 bulk liquid chemical vessels and refined oil vessels with a total capacity of 175,800 deadweight tons. The company holds a leading position in the domestic coastal bulk liquid chemical shipping market.</p><p><ul><li>Bulk liquid chemical water transportation business: mainly undertakes domestic coastal water transportation business for basic chemical products such as PX, liquid alkali, pure benzene, and styrene. As of December 31, 2020, the Company had 11 bulk liquid chemical vessels in operation, with a capacity of 117,000 deadweight tons, accounting for 9.61% of the total capacity of the segment market, ranking among the top in the market in terms of capacity. Meanwhile, single-cabin, single-pump dual-phase stainless steel high-end chemical vessels, such as the \"Xingtong 6\" and \"Xingtong 56\", can meet the transportation needs of fine chemical products such as phenols, phenones, and acrylonitrile. Currently, we have established long-term and stable strategic partnerships with several large petrochemical companies, including Sinopec.</li><li>Water transportation of refined oil products: The company's water transportation of refined oil products mainly undertakes domestic coastal water transportation of aviation kerosene, gasoline and diesel oil products. As of December 31, 2020, the company had three refined oil tankers in operation with a capacity of 58,700 deadweight tons, of which the company's MR-type refined oil tanker \"Xingtong 799\" had a capacity of 5.00 deadweight tons. Currently, we maintain cooperative relationships with important clients such as China Aviation Fuel and Rongtong Logistics.</li></ul>The funds raised in this round are planned to be used for the following purposes:</p><p><img src=\"https://static.tigerbbs.com/9279449243d55ad89e4b0cd2a69f9c95\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus. Gross profit margin outperforms the industry average.<img src=\"https://static.tigerbbs.com/28293c3461750e599482e68e15605e66\" tg-width=\"640\" tg-height=\"474\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's operating revenue was RMB 269 million, RMB 292 million, and RMB 386 million in 2018, 2018, and 2020, respectively. Administrative expenses decreased by 60.23% in 2019, and remained basically the same in 2020 as in 2019. Research and development expenses increased significantly, achieving a growth rate of 97.46% in 2020.</p><p><img src=\"https://static.tigerbbs.com/f86149cfcbe77af82c1ef55e3480011e\" tg-width=\"640\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Among them, the proportion of the company's main business revenue increased year by year from 2018 to 2020. They were 83.72%, 90.31% and 91.39%, respectively.</p><p><img src=\"https://static.tigerbbs.com/c04396c695f210b9f9623a5cff337d1e\" tg-width=\"640\" tg-height=\"292\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's net profit was RMB 45.5195 million, RMB 86.8135 million, and RMB 123 million in 2018, 2020, and 2020, respectively, showing a high growth trend.</p><p><img src=\"https://static.tigerbbs.com/af2e2cfc1c0b015efbe553841fc346d8\" tg-width=\"640\" tg-height=\"121\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>During the reporting period, the company's gross profit from its main business was RMB 133 million, RMB 146 million, and RMB 201 million, respectively. The vessel \"Xingtong 56\" built by the company was put into use in October 2019, and the vessel \"Xingtong 789\" purchased by the company was put into use in August 2020. The commissioning of these vessels generated a significant gross profit in 2020.</p><p><img src=\"https://static.tigerbbs.com/fcba3ee068e7158aa842d019b2f47765\" tg-width=\"640\" tg-height=\"268\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's gross profit margin is far higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/8a85e6d94e7f39cd6b333e11b39ca84a\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Chen Xingming holds 37.68% of the company's shares. Chen Qilong, Chen Qide, and Chen Qifeng are Chen Xingming's children, each holding 2.80% of the company's shares. Chen Xingming's family holds a total of 46.08% of the company's shares. At the same time, Chen Xingming serves as the company's chairman, and the Chen Xingming family actually controls the company and is the actual controller of the company.</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-05 15:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Xingtong Shipping is mainly engaged in the water transportation business of bulk liquid chemicals and refined oil products along the domestic coast. From 2018 to 2020, the proportion of the company's main business revenue increased year by year, profits showed a high growth trend year after year, and gross profit margin outperformed the industry average.</p><p>Xingtong Shipping Co., Ltd. (hereinafter referred to as \"Xingtong Shipping\") recently submitted its prospectus to the Shanghai Stock Exchange, with CITIC Securities as the lead underwriter.</p><p>Leading company in coastal bulk liquid chemical shipping industry</p><p>The company is mainly engaged in the water transportation of bulk liquid chemicals and refined oil products along the domestic coast. As of December 31, 2020, the Company owned a total of 14 bulk liquid chemical vessels and refined oil vessels with a total capacity of 175,800 deadweight tons. The company holds a leading position in the domestic coastal bulk liquid chemical shipping market.</p><p><ul><li>Bulk liquid chemical water transportation business: mainly undertakes domestic coastal water transportation business for basic chemical products such as PX, liquid alkali, pure benzene, and styrene. As of December 31, 2020, the Company had 11 bulk liquid chemical vessels in operation, with a capacity of 117,000 deadweight tons, accounting for 9.61% of the total capacity of the segment market, ranking among the top in the market in terms of capacity. Meanwhile, single-cabin, single-pump dual-phase stainless steel high-end chemical vessels, such as the \"Xingtong 6\" and \"Xingtong 56\", can meet the transportation needs of fine chemical products such as phenols, phenones, and acrylonitrile. Currently, we have established long-term and stable strategic partnerships with several large petrochemical companies, including Sinopec.</li><li>Water transportation of refined oil products: The company's water transportation of refined oil products mainly undertakes domestic coastal water transportation of aviation kerosene, gasoline and diesel oil products. As of December 31, 2020, the company had three refined oil tankers in operation with a capacity of 58,700 deadweight tons, of which the company's MR-type refined oil tanker \"Xingtong 799\" had a capacity of 5.00 deadweight tons. Currently, we maintain cooperative relationships with important clients such as China Aviation Fuel and Rongtong Logistics.</li></ul>The funds raised in this round are planned to be used for the following purposes:</p><p><img src=\"https://static.tigerbbs.com/9279449243d55ad89e4b0cd2a69f9c95\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus. Gross profit margin outperforms the industry average.<img src=\"https://static.tigerbbs.com/28293c3461750e599482e68e15605e66\" tg-width=\"640\" tg-height=\"474\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's operating revenue was RMB 269 million, RMB 292 million, and RMB 386 million in 2018, 2018, and 2020, respectively. Administrative expenses decreased by 60.23% in 2019, and remained basically the same in 2020 as in 2019. Research and development expenses increased significantly, achieving a growth rate of 97.46% in 2020.</p><p><img src=\"https://static.tigerbbs.com/f86149cfcbe77af82c1ef55e3480011e\" tg-width=\"640\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Among them, the proportion of the company's main business revenue increased year by year from 2018 to 2020. They were 83.72%, 90.31% and 91.39%, respectively.</p><p><img src=\"https://static.tigerbbs.com/c04396c695f210b9f9623a5cff337d1e\" tg-width=\"640\" tg-height=\"292\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's net profit was RMB 45.5195 million, RMB 86.8135 million, and RMB 123 million in 2018, 2020, and 2020, respectively, showing a high growth trend.</p><p><img src=\"https://static.tigerbbs.com/af2e2cfc1c0b015efbe553841fc346d8\" tg-width=\"640\" tg-height=\"121\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>During the reporting period, the company's gross profit from its main business was RMB 133 million, RMB 146 million, and RMB 201 million, respectively. The vessel \"Xingtong 56\" built by the company was put into use in October 2019, and the vessel \"Xingtong 789\" purchased by the company was put into use in August 2020. The commissioning of these vessels generated a significant gross profit in 2020.</p><p><img src=\"https://static.tigerbbs.com/fcba3ee068e7158aa842d019b2f47765\" tg-width=\"640\" tg-height=\"268\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's gross profit margin is far higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/8a85e6d94e7f39cd6b333e11b39ca84a\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Chen Xingming holds 37.68% of the company's shares. Chen Qilong, Chen Qide, and Chen Qifeng are Chen Xingming's children, each holding 2.80% of the company's shares. Chen Xingming's family holds a total of 46.08% of the company's shares. At the same time, Chen Xingming serves as the company's chairman, and the Chen Xingming family actually controls the company and is the actual controller of the company.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637014\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6b69e234a63c2c0a69ccede7b0faaa18","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://wallstreetcn.com/articles/3637014","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1109910558","content_text":"兴通海运主要从事国内沿海散装液体化学品、成品油的水上运输业务。公司2018-2020年主营业务收入占比逐年提高，利润连年呈高增长态势，毛利率跑赢行业平均水平。\n兴通海运股份有限公司（简称：兴通海运）日前向上交所递交招股书，中信证券为主承销商。\n沿海散装液体化学品航运业龙头\n公司主要从事国内沿海散装液体化学品、成品油的水上运输业务。截至 2020年12月31日，公司拥有散装液体化学品船、成品油船共计 14 艘，总运力 17.58 万载重吨。公司在国内沿海散装液体化学品航运业细分市场占据领先地位。\n\n散装液体化学品水上运输业务：主要承接 PX、液碱、纯苯、苯乙烯等基础化工类产品的国内沿海水上运输业务。截至2020年12 月31日，公司拥有在营散装液体化学品船11艘，运力11.70万载重吨，占细分市场总运力的 9.61%，运力规模位于市场前列。同时，以“兴通 6”、“兴通 56”等为代表的单舱单泵双相不锈钢高端化学品船，可满足酚酮类、苯酮类、丙烯腈等精细化工产品运输需求。目前与中国石化等多家大型石化企业建立了长期稳定的战略合作关系。\n成品油水上运输业务：公司成品油水上运输业务主要承接航空煤油、汽柴油等油品的国内沿海水上运输业务。截至 2020 年 12 月 31 日，公司拥有在营成品油船 3 艘，运力 5.87 万载重吨，其中，公司的 MR 型成品油船“兴通 799”运力达到 5.00载重吨。目前与中国航油、荣通物流等重要客户保持合作关系。\n\n本轮募集资金计划做如下用途：\n来源：招股书毛利率跑赢行业平均水平来源：招股书\n2018-2020年公司营业收入分别为2.69亿元、2.92亿元、3.86亿元。管理费用2019年实现60.23%降幅，2020年与2019年基本持平。研发费用大幅度增加，2020年实现97.46%增幅。\n来源：招股书\n其中，公司2018-2020年主营业务收入占比逐年提高。分别为83.72%、90.31%、91.39%。\n来源：招股书\n2018-2020年公司净利润分别为4551.95万元、8681.35万元、1.23亿元，呈现高增长态势。\n来源：招股书\n报告期内，公司主营业务毛利分别为 1.33亿元、1.46亿元、2.01亿元。公司建造的船舶“兴通56”在2019年10月投入使用，以及公司购置的船舶“兴通 789”在2020年8月投入使用，上述船舶的投入使用在2020年产生较多的毛利。\n来源：招股书\n该公司毛利率远高于行业平均水平。\n来源：招股书\n陈兴明持有公司 37.68%的股份，陈其龙、陈其德、陈其凤为陈兴明之子女，各持有公司 2.80%的股份，陈兴明家族合计持有公司 46.08%的股份；同时陈兴明担任公司董事长，陈兴明家族实际控制公司，为公司的实际控制人。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":899904730,"gmtCreate":1628149009020,"gmtModify":1703502111618,"author":{"id":"4088037931302170","authorId":"4088037931302170","name":"超级乔伊","avatar":"https://static.tigerbbs.com/bdef868792dcc9286836fb1027d7b983","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088037931302170","authorIdStr":"4088037931302170"},"themes":[],"title":"","htmlText":"123456789","listText":"123456789","text":"123456789","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899904730","repostId":"1109910558","repostType":4,"repost":{"id":"1109910558","kind":"news","pubTimestamp":1628148837,"share":"https://ttm.financial/m/news/1109910558?lang=en_US&edition=fundamental","pubTime":"2021-08-05 15:33","market":"sh","language":"zh","title":"Xingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.","url":"https://stock-news.laohu8.com/highlight/detail?id=1109910558","media":"华尔街见闻","summary":"兴通海运主要从事国内沿海散装液体化学品、成品油的水上运输业务。公司2018-2020年主营业务收入占比逐年提高，利润连年呈高增长态势，毛利率跑赢行业平均水平。\n兴通海运股份有限公司（简称：兴通海运）日","content":"<p>Xingtong Shipping is mainly engaged in the water transportation business of bulk liquid chemicals and refined oil products along the domestic coast. From 2018 to 2020, the proportion of the company's main business revenue increased year by year, profits showed a high growth trend year after year, and gross profit margin outperformed the industry average.</p><p>Xingtong Shipping Co., Ltd. (hereinafter referred to as \"Xingtong Shipping\") recently submitted its prospectus to the Shanghai Stock Exchange, with CITIC Securities as the lead underwriter.</p><p>Leading company in coastal bulk liquid chemical shipping industry</p><p>The company is mainly engaged in the water transportation of bulk liquid chemicals and refined oil products along the domestic coast. As of December 31, 2020, the Company owned a total of 14 bulk liquid chemical vessels and refined oil vessels with a total capacity of 175,800 deadweight tons. The company holds a leading position in the domestic coastal bulk liquid chemical shipping market.</p><p><ul><li>Bulk liquid chemical water transportation business: mainly undertakes domestic coastal water transportation business for basic chemical products such as PX, liquid alkali, pure benzene, and styrene. As of December 31, 2020, the Company had 11 bulk liquid chemical vessels in operation, with a capacity of 117,000 deadweight tons, accounting for 9.61% of the total capacity of the segment market, ranking among the top in the market in terms of capacity. Meanwhile, single-cabin, single-pump dual-phase stainless steel high-end chemical vessels, such as the \"Xingtong 6\" and \"Xingtong 56\", can meet the transportation needs of fine chemical products such as phenols, phenones, and acrylonitrile. Currently, we have established long-term and stable strategic partnerships with several large petrochemical companies, including Sinopec.</li><li>Water transportation of refined oil products: The company's water transportation of refined oil products mainly undertakes domestic coastal water transportation of aviation kerosene, gasoline and diesel oil products. As of December 31, 2020, the company had three refined oil tankers in operation with a capacity of 58,700 deadweight tons, of which the company's MR-type refined oil tanker \"Xingtong 799\" had a capacity of 5.00 deadweight tons. Currently, we maintain cooperative relationships with important clients such as China Aviation Fuel and Rongtong Logistics.</li></ul>The funds raised in this round are planned to be used for the following purposes:</p><p><img src=\"https://static.tigerbbs.com/9279449243d55ad89e4b0cd2a69f9c95\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus. Gross profit margin outperforms the industry average.<img src=\"https://static.tigerbbs.com/28293c3461750e599482e68e15605e66\" tg-width=\"640\" tg-height=\"474\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's operating revenue was RMB 269 million, RMB 292 million, and RMB 386 million in 2018, 2018, and 2020, respectively. Administrative expenses decreased by 60.23% in 2019, and remained basically the same in 2020 as in 2019. Research and development expenses increased significantly, achieving a growth rate of 97.46% in 2020.</p><p><img src=\"https://static.tigerbbs.com/f86149cfcbe77af82c1ef55e3480011e\" tg-width=\"640\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Among them, the proportion of the company's main business revenue increased year by year from 2018 to 2020. They were 83.72%, 90.31% and 91.39%, respectively.</p><p><img src=\"https://static.tigerbbs.com/c04396c695f210b9f9623a5cff337d1e\" tg-width=\"640\" tg-height=\"292\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's net profit was RMB 45.5195 million, RMB 86.8135 million, and RMB 123 million in 2018, 2020, and 2020, respectively, showing a high growth trend.</p><p><img src=\"https://static.tigerbbs.com/af2e2cfc1c0b015efbe553841fc346d8\" tg-width=\"640\" tg-height=\"121\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>During the reporting period, the company's gross profit from its main business was RMB 133 million, RMB 146 million, and RMB 201 million, respectively. The vessel \"Xingtong 56\" built by the company was put into use in October 2019, and the vessel \"Xingtong 789\" purchased by the company was put into use in August 2020. The commissioning of these vessels generated a significant gross profit in 2020.</p><p><img src=\"https://static.tigerbbs.com/fcba3ee068e7158aa842d019b2f47765\" tg-width=\"640\" tg-height=\"268\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's gross profit margin is far higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/8a85e6d94e7f39cd6b333e11b39ca84a\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Chen Xingming holds 37.68% of the company's shares. Chen Qilong, Chen Qide, and Chen Qifeng are Chen Xingming's children, each holding 2.80% of the company's shares. Chen Xingming's family holds a total of 46.08% of the company's shares. At the same time, Chen Xingming serves as the company's chairman, and the Chen Xingming family actually controls the company and is the actual controller of the company.</p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXingtong Shipping, a leading bulk liquid chemical shipping company, is about to list on the main board.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-05 15:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Xingtong Shipping is mainly engaged in the water transportation business of bulk liquid chemicals and refined oil products along the domestic coast. From 2018 to 2020, the proportion of the company's main business revenue increased year by year, profits showed a high growth trend year after year, and gross profit margin outperformed the industry average.</p><p>Xingtong Shipping Co., Ltd. (hereinafter referred to as \"Xingtong Shipping\") recently submitted its prospectus to the Shanghai Stock Exchange, with CITIC Securities as the lead underwriter.</p><p>Leading company in coastal bulk liquid chemical shipping industry</p><p>The company is mainly engaged in the water transportation of bulk liquid chemicals and refined oil products along the domestic coast. As of December 31, 2020, the Company owned a total of 14 bulk liquid chemical vessels and refined oil vessels with a total capacity of 175,800 deadweight tons. The company holds a leading position in the domestic coastal bulk liquid chemical shipping market.</p><p><ul><li>Bulk liquid chemical water transportation business: mainly undertakes domestic coastal water transportation business for basic chemical products such as PX, liquid alkali, pure benzene, and styrene. As of December 31, 2020, the Company had 11 bulk liquid chemical vessels in operation, with a capacity of 117,000 deadweight tons, accounting for 9.61% of the total capacity of the segment market, ranking among the top in the market in terms of capacity. Meanwhile, single-cabin, single-pump dual-phase stainless steel high-end chemical vessels, such as the \"Xingtong 6\" and \"Xingtong 56\", can meet the transportation needs of fine chemical products such as phenols, phenones, and acrylonitrile. Currently, we have established long-term and stable strategic partnerships with several large petrochemical companies, including Sinopec.</li><li>Water transportation of refined oil products: The company's water transportation of refined oil products mainly undertakes domestic coastal water transportation of aviation kerosene, gasoline and diesel oil products. As of December 31, 2020, the company had three refined oil tankers in operation with a capacity of 58,700 deadweight tons, of which the company's MR-type refined oil tanker \"Xingtong 799\" had a capacity of 5.00 deadweight tons. Currently, we maintain cooperative relationships with important clients such as China Aviation Fuel and Rongtong Logistics.</li></ul>The funds raised in this round are planned to be used for the following purposes:</p><p><img src=\"https://static.tigerbbs.com/9279449243d55ad89e4b0cd2a69f9c95\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus. Gross profit margin outperforms the industry average.<img src=\"https://static.tigerbbs.com/28293c3461750e599482e68e15605e66\" tg-width=\"640\" tg-height=\"474\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's operating revenue was RMB 269 million, RMB 292 million, and RMB 386 million in 2018, 2018, and 2020, respectively. Administrative expenses decreased by 60.23% in 2019, and remained basically the same in 2020 as in 2019. Research and development expenses increased significantly, achieving a growth rate of 97.46% in 2020.</p><p><img src=\"https://static.tigerbbs.com/f86149cfcbe77af82c1ef55e3480011e\" tg-width=\"640\" tg-height=\"162\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Among them, the proportion of the company's main business revenue increased year by year from 2018 to 2020. They were 83.72%, 90.31% and 91.39%, respectively.</p><p><img src=\"https://static.tigerbbs.com/c04396c695f210b9f9623a5cff337d1e\" tg-width=\"640\" tg-height=\"292\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's net profit was RMB 45.5195 million, RMB 86.8135 million, and RMB 123 million in 2018, 2020, and 2020, respectively, showing a high growth trend.</p><p><img src=\"https://static.tigerbbs.com/af2e2cfc1c0b015efbe553841fc346d8\" tg-width=\"640\" tg-height=\"121\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>During the reporting period, the company's gross profit from its main business was RMB 133 million, RMB 146 million, and RMB 201 million, respectively. The vessel \"Xingtong 56\" built by the company was put into use in October 2019, and the vessel \"Xingtong 789\" purchased by the company was put into use in August 2020. The commissioning of these vessels generated a significant gross profit in 2020.</p><p><img src=\"https://static.tigerbbs.com/fcba3ee068e7158aa842d019b2f47765\" tg-width=\"640\" tg-height=\"268\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>The company's gross profit margin is far higher than the industry average.</p><p><img src=\"https://static.tigerbbs.com/8a85e6d94e7f39cd6b333e11b39ca84a\" tg-width=\"640\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Source: Prospectus</p><p>Chen Xingming holds 37.68% of the company's shares. Chen Qilong, Chen Qide, and Chen Qifeng are Chen Xingming's children, each holding 2.80% of the company's shares. Chen Xingming's family holds a total of 46.08% of the company's shares. At the same time, Chen Xingming serves as the company's chairman, and the Chen Xingming family actually controls the company and is the actual controller of the company.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637014\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6b69e234a63c2c0a69ccede7b0faaa18","relate_stocks":{"000001.SH":"上证指数"},"source_url":"https://wallstreetcn.com/articles/3637014","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1109910558","content_text":"兴通海运主要从事国内沿海散装液体化学品、成品油的水上运输业务。公司2018-2020年主营业务收入占比逐年提高，利润连年呈高增长态势，毛利率跑赢行业平均水平。\n兴通海运股份有限公司（简称：兴通海运）日前向上交所递交招股书，中信证券为主承销商。\n沿海散装液体化学品航运业龙头\n公司主要从事国内沿海散装液体化学品、成品油的水上运输业务。截至 2020年12月31日，公司拥有散装液体化学品船、成品油船共计 14 艘，总运力 17.58 万载重吨。公司在国内沿海散装液体化学品航运业细分市场占据领先地位。\n\n散装液体化学品水上运输业务：主要承接 PX、液碱、纯苯、苯乙烯等基础化工类产品的国内沿海水上运输业务。截至2020年12 月31日，公司拥有在营散装液体化学品船11艘，运力11.70万载重吨，占细分市场总运力的 9.61%，运力规模位于市场前列。同时，以“兴通 6”、“兴通 56”等为代表的单舱单泵双相不锈钢高端化学品船，可满足酚酮类、苯酮类、丙烯腈等精细化工产品运输需求。目前与中国石化等多家大型石化企业建立了长期稳定的战略合作关系。\n成品油水上运输业务：公司成品油水上运输业务主要承接航空煤油、汽柴油等油品的国内沿海水上运输业务。截至 2020 年 12 月 31 日，公司拥有在营成品油船 3 艘，运力 5.87 万载重吨，其中，公司的 MR 型成品油船“兴通 799”运力达到 5.00载重吨。目前与中国航油、荣通物流等重要客户保持合作关系。\n\n本轮募集资金计划做如下用途：\n来源：招股书毛利率跑赢行业平均水平来源：招股书\n2018-2020年公司营业收入分别为2.69亿元、2.92亿元、3.86亿元。管理费用2019年实现60.23%降幅，2020年与2019年基本持平。研发费用大幅度增加，2020年实现97.46%增幅。\n来源：招股书\n其中，公司2018-2020年主营业务收入占比逐年提高。分别为83.72%、90.31%、91.39%。\n来源：招股书\n2018-2020年公司净利润分别为4551.95万元、8681.35万元、1.23亿元，呈现高增长态势。\n来源：招股书\n报告期内，公司主营业务毛利分别为 1.33亿元、1.46亿元、2.01亿元。公司建造的船舶“兴通56”在2019年10月投入使用，以及公司购置的船舶“兴通 789”在2020年8月投入使用，上述船舶的投入使用在2020年产生较多的毛利。\n来源：招股书\n该公司毛利率远高于行业平均水平。\n来源：招股书\n陈兴明持有公司 37.68%的股份，陈其龙、陈其德、陈其凤为陈兴明之子女，各持有公司 2.80%的股份，陈兴明家族合计持有公司 46.08%的股份；同时陈兴明担任公司董事长，陈兴明家族实际控制公司，为公司的实际控制人。","news_type":1,"symbols_score_info":{"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
