Jiangsu Sunrain Solar Energy Co., Ltd. to debut on SSE

May.18, 2012

Jiangsu Sunrain Solar Energy Co., Ltd.(stock code:603366) announced,the company will land on Shanghai Stock Exchange on May 21th,2012.

Jiangsu Sunrain Solar Energy Co.,Ltd. is mainly engaged in the research, development, manufacture and sale of solar thermal products, such as solar water heaters, solar hot water engineering systems, solar heating systems and solar refrigeration and air conditioning systems. The Company’s main products are vacuum tube type, heat pipe type, flat plate type of solar water heaters and solar hot water engineering systems, as well as other types. The Company distributes its products in domestic market and to overseas markets, including Europe, the United States, Canada, Mexico, South Korea, South Africa, Australia and others countries.The company has a work force of over 5298 employees.

Last year, the prime revenue of the company is 3.09 billion Yuan,Net profit is 370m Yuan.EPS 1.23 yuan.

IPO pric:21.5 CNY
Diluted EPS:23.89
IPO Volume:100 Million shares
IPO success rate:1.607%
EPS prediction:1.18CNY(2012) 1.5CNY(2013) 1.98CNY(2014) by Guotai Junan Securities