PVTIME – On 27 December 2023, LAPLACE Renewable Energy Technology Co., Ltd. (LAPLACE) has announced that its IPO application has been approved and it will be listed on the Shanghai Stock Exchange (SSE) of China.
The company intends to issue no more than 40,532,619 RMB ordinary shares to raise 1.8 billion yuan through the IPO. The investment will be allocated to the high-end production base for PV equipment, the semiconductor and equipment production base, and working capital.
The operating revenue for Laplace from 2020 to 2022 was 40.72 million yuan, 104 million yuan, and 1.266 billion yuan, respectively, with a net profit attributable to the parent company of -45.96 million yuan, -57.11 million yuan, and 118 million yuan, respectively. In the first three quarters of 2023, Laplace achieved audited operating revenue of 1.455 billion yuan, which represents a year-on-year increase of 1,154.57%. Additionally, the net profit attributable to the parent company was 138 million yuan, which marks a reversal from loss to profit.
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