A-share subscription | Pressure vessel research and development company Yongda Co., Ltd. (920126.BJ) is now open for subscription. Products cover fields such as refining, photovoltaics, and other industries.

On June 3, Yongda Group (920126.BJ) began its IPO, with an issuing price of 7.79 yuan per share, a subscription limit of 2.0934 million shares, a P/E ratio of 14.98 times, and listed on the North Exchange. Guotai Haitong is its sponsor. According to the prospectus, Yongda Group specializes in the research, design, manufacturing, sales, and related technical services of pressure vessels in the fields of basic chemicals, coal chemicals, refining and petrochemicals, photovoltaics, and pharmaceuticals. It has formed a non-standard pressure vessel product system mainly consisting of reaction pressure vessels, heat exchange pressure vessels, separation pressure vessels, and storage pressure vessels. The company provides a large number of high-quality products and services in the field of facilities such as coal-to-methanol, coal-to-ethylene glycol, coal-to-olefin, ethylene, PDH, epoxy ethane, phenol acetone, bisphenol A, styrene, cyclohexanone, caprolactam, PTA, BDO, EVA, and hydrogen peroxide in the fields of coal chemicals and petrochemical refining. Yongda Group is a first-tier supplier network member of Sinopec, PetroChina, CNOOC, and CNNC, and has established good and stable sales and service relationships with design institutes, engineering companies, and well-known chemical companies such as Sail Engineering, East China Engineering Science and Technology, China Wuhan, Hualu Engineering, China Chengda, Shenghong Group, Rongsheng Petro Chemical, Hengli Petrochemical, Tongkun Group, GCL TECH, Satellite Chemical, Xinjiang Tianye, Yune Group, Hualu Group, Jinnan Iron and Steel. The company has been rated as an excellent supplier by Jiangsu Shenghong Petrochemical Industry Group Co., Ltd., Shaanxi Coal Group Yulin Chemical Co., Ltd., Jiangsu Honggang Petrochemical Co., Ltd., Sail Engineering Co., Ltd., China Petroleum & Chemical Corporation Yizheng Chemical Fiber Co., Ltd., Sinopec Ningbo Engineering Co., Ltd., and China Globe Engineering Co., Ltd. In recent years, the scale of China's pressure vessel industry has shown a steady growth trend. According to the data from the Forward-looking Industry Research Institute, the market size of China's pressure vessels increased from 144.4 billion yuan in 2016 to 231.1 billion yuan in 2023, with an average annual compound growth rate of 6.95%. It is expected to exceed 260 billion yuan by 2026. Therefore, the pressure vessel industry has considerable market development potential. In terms of finances, the company achieved operating income of approximately 712 million yuan in 2023, 819 million yuan in 2024, and 727 million yuan in 2025; with net profits of approximately 131 million yuan, 107 million yuan, and 109 million yuan respectively during the same period.