On December 8, the listing ceremony of Levima New Materials Technology Co., Ltd. (stock abbreviation: Levima Technologies, stock code: 003022) was held at the Shenzhen Stock Exchange. Zhang Tao, Vice President of the Chinese Academy.
Zhang Tao, vice president of the Chinese Academy of Sciences and member of the Party Group, Li Feng, secretary of the Zaozhuang Municipal Party Committee and director of the Standing Committee of the Municipal People’s Congress, Liu Wenqiang, secretary of the Tengzhou Municipal Party Committee, Suo Jishuan, Chairman of the Chinese Academy of Sciences Holdings Co., Ltd., Ning Min, chairman of Legend Holdings Co., Ltd., and Zheng Yueming, chairman of Levima New Material Technology Co., Ltd., jointly sounded the bell for opening the market. Yu Huali, chief engineer of Shenzhen Stock Exchange, attended the ceremony.
The following personnel and organizations jointly witnessed this historical moment on the spot:
Yang Bailing, former vice president and party group member of the Chinese Academy of Sciences; Deng Maicun, former party group member and secretary-general of the Chinese Academy of Sciences; Yan Qing, deputy secretary-general of the Chinese Academy of Sciences; Wen Ya, director of the Bureau of Science and Technology Development of the Chinese Academy of Sciences; Zheng Xiaonian, director of the Bureau of Condition Guarantee and Finance of the Chinese Academy of Sciences; Zhu Guowei, the member of the Standing Committee and Secretary-General of the Zaozhuang Municipal Party Committee;, Zhou Zongan, deputy Mayor of the People's Government of Zaozhuang; Yang Jianhua, Vice Chairman and General Manager of Chinese Academy of Sciences Holdings Co., Ltd.; Li Peng, CEO of Legend Holdings Co., Ltd.; Xing Ke, managing director and sponsor representative of the Investment Banking Department of China International Capital Corporation; directors, supervisors and executives of Levima; relevant leaders and guests from local governments, shareholder units, intermediaries, client units, partners, brother units and financial institutions; company management and employee representatives.
Zhang Tao, vice president of the Chinese Academy of Sciences and member of the Party Group, pointed out in his speech at the ceremony: "the successful listing of Levima Technology is an important milestone in the company's development, and it is another great achievement of the Chinese Academy of Sciences in promoting the 'three-chain linkage' of the innovation chain, industrial chain and capital chain. As a strategic investment company of the Chinese Academy of Sciences Holdings Co., Ltd., Levima Technology has taken innovation as the driving force for development, realized the industrialized commercial operation of methanol-to-olefin technology with independent intellectual property rights from the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, and successfully explored a "3+1" innovative development model of "Technology Innovation & Industrialization Alliance, Industrial Scale Platform, Industrial Investment Fund" and One Achievement Transformation Operation Team. Remarkable achievements have been made in enterprise management, which is of typical demonstration significance to the transformation of scientific and technological achievements and industrial scale development in China.
Zhang Tao also put forward requirements for the future development of Levima Technology: "I hope that Levima Technology will thoroughly implement the spirit of the Fifth Plenary Session of the 19th Central Committee of the Party in the future, make full use of capital market forces, give full play to the advantages of close cooperation with scientific research institutes, and further enhance the technological innovation capabilities of enterprises, further strengthen the core competitiveness of development, strive to obtain greater achievements during the 14th Five-Year Plan period, become the industry benchmark for innovation-driven development in the field of new materials, and make new contributions to the high-quality development of China's economy and society!"
Zhou Zongan, the deputy mayor of Zaozhuang City, affirmed Levima Technology's development achievements in his speech. He pointed out that Levima Technology is a leading enterprise in Zaozhuang's high-end new materials industry and has made outstanding contributions to the conversion of new and old kinetic energy and the acceleration of high-quality development in the city. "The successful listing of Levima Technology is a microcosm of Zaozhuang enterprises competing in the capital market and improving their development capabilities. It marks Levima Technology’s historic step forward and the realization of its expansion. This is not only a full affirmation to the past development, but also a huge benefit for the future development of the enterprise. Zaozhuang municipal Party committee and government will, as always, support and encourage enterprises to embrace the capital market, continuously improve the financial ecology, provide fertile soil, accelerate the creation of the most influential and most competitive capital market 'Zaozhuang Plate', and provide a strong engine and inexhaustible driving force for high-quality development through listing & expansion, project acceleration and openness.
Levima Technology's Chairman Zheng Yueming firstly welcomed and appreciated the guests attending the listing ceremony. He said that as a supplier of new material products and solutions, Levima Technology adheres to the core values of "seeking truth, enterprising, focusing on innovation and sharing, and win-win". After 10 years of development, it has grown from a blueprint and a wasteland to a modern new material high-tech enterprise with an area of approximately 1,750 mu and an annual sales income of nearly 6 billion yuan. The listing provides growth momentum for Levima Technology to achieve leapfrog development in the future. The company will firmly seize the historic opportunity of our country’s industrial & consumption upgrading, adhere to the development model of “innovation-driven + operational improvement”, focus on the field of new materials, constantly enhance independent innovation capabilities, continuously improve core competitiveness, and Build leading industrial clusters in several segments of new materials.
Liu Chuanzhi, the founder and honorary chairman of Legend Holdings Co., Ltd., specially recorded a video to congratulate Levima's listing. He mentioned in the video: "Among the many investment projects held by Lenovo in those years, it should be said that Levima is the most risky and difficult project, but it is the project that has done very well and exceeded expectations. Zheng Yueming led his team to give full play to their intelligence and talent, worked hard on an extremely difficult and bumpy road, and finally reached the first milestone and achieved a staged success." He also suggested that the Levima team should sit down and calmly review the situation, study the pros and cons of this road, review the strategy again and consolidate the execution ability again, so as to meet the future battle and forge ahead towards the predetermined goal. "I know that, in your heart, what you are climbing now is only a small hill, and what you want to climb is a mountain that rises into the clouds!"
Levima Technology is a high-tech enterprise engaging in the research and development, production and sales of advanced polymer materials and special fine materials. The company has established an olefin deep processing industry chain that uses methanol as the main raw material to produce high value-added products. There are many advanced installations in operation such as methanol-to-olefin (DMTO), ethylene-vinyl acetate copolymer (EVA), polypropylene (PP), ethylene oxide (EO), ethylene oxide derivatives (EOD), etc., and their production and operation levels are in a leading position in the industry. The company's products mainly include EVA, PP, EO and EOD, etc., which are widely used in photovoltaics, cables, shoe materials, plastics, daily chemicals, textiles, construction, roads & bridges, automobiles, leather, coatings, agrochemicals, metal processing and other fields. Multiple products have a leading share in the market segment.
In 2017, 2018, 2019 and January-September 2020, the net profits of Levima attributable to shareholders of the parent company were 55.197 million yuan, 229 million yuan, 532 million yuan and 423 million yuan, respectively, maintaining rapid growth.
The number of Levima Technology's public offerings is 147.36 million shares with issue price 11.46 yuan/share. On the opening day, the stock price rose by 44% to 16.5 yuan/share. The raised funds are about 1.61 billion yuan, which will be used for construction of 100,000 tons/year by-product carbon 4/carbon 5 comprehensive utilization & olefin separation system supporting technical transformation project, EVA device tubular tail technology upgrading project, 65,000 tons/year special fine chemicals project, etc. After the fund-raising projects are completed and put into production, the company's production capacity will be greatly improved, laying a foundation for further enhancing the operation level and expanding market share, and providing new momentum for high-quality development.
After landing in the capital market, Levima Technology will be guided by science and technology on the new journey of the new materials industry, and through various methods such as its own research and development, transformation of scientific and technological achievements, investment and mergers & acquisitions, it will accelerate the establishment of a leading industrial cluster in several subdivisions of new materials, and continuously move towards the vision of "becoming an outstanding enterprise in the field of new materials".