Meirun shares apply for listing on the New OTC Market, which is mainly engaged in the development of non-woven products

Xiamen Meirun Nonwovens Co., Ltd. has formally applied for the NEEQ listing recently, and its listing materials were disclosed in the National Equities Exchange and Quotations System on November 30. Meirun was established in September 2005 and completed the share reform in October 2015. Chairman Liu Xiang holds 66% of the shares and is the actual controller of the company. According to the information of the New OTC Research Institute, Meirun's operating income from January to July 2015, 2014, and 2013 were 64,107,100 yuan, 86,608,300 yuan, and 72,994,400 yuan; net profits were 5,748,900 yuan and 2,493,100 yuan respectively. Yuan, 3.4209 million yuan. Compared with other companies in the nonwovens industry, the company's income scale is relatively small. If market demand changes significantly or competition in the market segment intensifies in the future, the company's operating income may be adversely affected. The announcement shows that Meirun's main business is the development, production and sales of non-woven fabrics and non-woven products. The products are mainly divided into non-woven fabrics and non-woven products. The import and export trade of the company's products is mainly settled in U.S. dollars, and the exchange rate between the settlement currency and RMB may fluctuate with changes in domestic and foreign political and economic environments, with greater uncertainty, which exposes the company to exchange rate fluctuation risks. During the reporting period, the company's export product sales accounted for approximately 50% of the company's total product revenue. With the continuous growth of the company's export scale, the impact of the risk of RMB exchange rate changes on the company's business will be further expanded. The lead brokerage of Meirun Co., Ltd. applying for listing this time is Industrial Securities, the legal counsel is Fujian Tianheng United Law Firm, and the financial audit is Lixin Certified Public Accountants (special general partnership).