A-share subscription | AVONFLOW starts subscription, with clients including CuiFeng Group, TAVIVOBI Group, and other well-known European bathroom product brands

According to Zhitong Finance APP, on September 1st, AVONFLOW (301575.SZ) opened for subscription, with an issue price of 27.69 yuan per share, a subscription limit of 5,000 shares, and a price-to-earnings ratio of 20.35 times. It is listed on the Shenzhen Stock Exchange, with Zheshang Securities as its sponsor. According to the prospectus, the company is a high-tech enterprise specializing in the research and development, design, production, and sales of HVAC home products. Its main products include a series of bathroom towel racks and HVAC accessories such as temperature control valves, heating valves, and magnetic filters. The company is deeply engaged in the HVAC home field, focusing on enhancing the quality of family life and improving living environments, with an emphasis on user experience, technological innovation, and global development. It has formed several core manufacturing technologies and has an annual production capacity of over 2 million sets of bathroom towel racks. The company has accumulated rich experience in the craft design and manufacturing of bathroom towel racks and possesses strong research and development and production capabilities. As of December 31, 2024, the company holds 662 domestic patents, including 87 invention patents and 74 overseas patents. The company is recognized as a high-tech enterprise and has been awarded the "Provincial Enterprise Technology Center" by the Jiangxi Provincial Department of Industry and Information Technology. It is also recognized as a "Single Champion Enterprise in Jiangxi Manufacturing," "Jiangxi Provincial Industrial Design Center," and "2023 Provincial Green Manufacturing Enterprise" by the Jiangxi Provincial Department of Industry and Information Technology, as well as a "2023 National Intellectual Property Advantage Enterprise" by the National Intellectual Property Administration. In terms of digital construction, the company is recognized as a "2023 Jiangxi Intelligent Manufacturing Benchmark Enterprise," "Jiangxi Demonstration Enterprise for Integration of Informatization and Industrialization," and "Jiangxi Benchmark Enterprise for Integration of Informatization and Industrialization" by the Jiangxi Provincial Department of Industry and Information Technology. Additionally, the company has passed the L7 level certification for the digital development level of manufacturing enterprises in Jiangxi Province, which is the "Smart Factory" L7 level certification, marking the company's leading position in the field of intelligent manufacturing. The company drafted the group standard "Electric Heated Towel Rack" (T/CCMSA50104-2018) as the main editor unit for the China Building Metal Structure Association, which is the first group standard for electric heated towel racks in China. In 2021, the company, as the main editor unit, led the revision of this group standard (T/CCMSA50104-2021). On July 12, 2022, the issuer was awarded the title of "Leading Intelligent Manufacturing Technology Industrialization Base for Electric Heated Towel Racks" by the China Building Metal Structure Association, becoming the first intelligent manufacturing technology industrialization base for electric heated towel racks in China. The company's bathroom towel racks and other products are classified as new heating radiators, which are more popular in developed countries such as Europe and the United States due to factors such as climate and lifestyle. The company has accumulated a large customer base due to its strong research and design capabilities, stable product quality and supply capacity, and fast and high-quality service capabilities, maintaining long-term good cooperative relationships with well-known European wholesalers, retailers, and brand owners of building materials, bathroom products, and HVAC products such as Kingfisher, Travis Perkins, Wolseley, OBI Group, and Kartell UK In terms of finance, for the fiscal years 2022, 2023, and 2024, the company achieved operating revenues of approximately RMB 762 million, RMB 830 million, and RMB 1.05 billion, respectively; during the same period, the net profits were approximately RMB 93.11 million, RMB 164 million, and RMB 118 million.