Mainly engaged in paper and plastic disposable tableware, Hengxin Life (301501.SZ) is planning to make an initial public offering of 25.5 million shares.

Hengxin Life (301501.SZ) disclosed its IPO prospectus, with the company planning to publicly issue 25.5 million shares for the first time. The preliminary inquiry date is March 3, 2025, and the subscription date is March 7, 2025. The announcement shows that the company researches, produces, and sells paper and plastic tableware using raw materials such as original paper, PLA particles, and traditional plastic particles. The company mainly provides customized paper and plastic tableware according to customers' personalized needs. The company's main products, known for their environmental characteristics, high-quality, and attractive design, are favored by customers at home and abroad. It has become a provider of paper and plastic tableware for many well-known domestic and foreign companies such as Luckin Coffee, Starbucks, McDonald's, and others. From 2021 to 2023, the net profit attributable to the owners of the parent company was 80.1636 million yuan, 163 million yuan, and 214 million yuan. It is reported that the net proceeds from the company's issuance this time, after deducting issuance expenses, will be invested in a project for producing 30,000 tons of compostable green environmental bio-products, an intelligent upgrade and transformation project, a research and development technology center project, and supplementing working capital. The company plans to invest 828 million yuan of the funds raised.