A-share purchase | Earthend (301575.SZ) opens purchase. Customers include well-known European bathroom product brand companies such as Cui Feng Group and Tavibojin Group.

On September 1st, Efanda (301575.SZ) started accepting subscription applications, with an issue price of 27.69 yuan per share, a subscription limit of 0.50 million shares, a P/E ratio of 20.35 times, listed on the Shenzhen Stock Exchange, with Zheshang as the 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 bathroom towel rack series products, as well as temperature control valves, heating valves, magnetic filters, and other HVAC accessories. The company focuses on HVAC home products, aiming to improve the quality of family life and living environment. It is dedicated to user experience, technological innovation, and global development. The company has developed multiple core manufacturing technologies, with an annual production capacity of over 2 million sets of bathroom towel racks. It has accumulated rich experience in the process design and manufacturing of bathroom towel racks, and has strong research and production capabilities. As of December 31, 2024, the company has obtained 662 domestic patents, including 87 invention patents and 74 foreign patents. The company is recognized as a high-tech enterprise, with a "Provincial Enterprise Technology Center" approved by the Jiangxi Provincial Department of Industry and Information Technology, and is also recognized as the "Jiangxi Provincial Manufacturing Champion Enterprise," "Jiangxi Provincial Industrial Design Center," and "Jiangxi Provincial Green Manufacturing Enterprise." The company is recognized as a "National Intellectual Property Advantage Enterprise" by the National Intellectual Property Administration. In terms of digital construction, the company is recognized as the "2023 Jiangxi Province Intelligent Manufacturing Benchmark Enterprise", the "Jiangxi Province Industry-Information Integration Demonstration Enterprise", and the "Jiangxi Province Industry-Information Integration Benchmark Enterprise" by the Jiangxi Provincial Department of Industry and Information Technology. The company has also obtained the L7 certification in the digital development level of manufacturing enterprises in Jiangxi Province, marking the company at the leading level in the field of intelligent manufacturing. The company led the drafting of the group standard "Electrically Heated Towel Rack" (T/CCMSA50104-2018) for China State Construction Engineering Corporation's Metal Structure Association, which was the first domestic group standard for electrically heated towel racks. In 2021, the company led the completion of the revision of the group standard (T/CCMSA50104-2021). On July 12, 2022, the issuer was awarded the "China Electrically Heated Towel Rack Leading Intelligent Manufacturing Industrialization Base" by China State Construction Engineering Corporation's Metal Structure Association, becoming the first domestic base for intelligent manufacturing of electrically heated towel racks. The company's bathroom towel racks and other products belong to new types of heating radiators, which are popular in developed countries such as Europe and America due to factors such as climate and lifestyle. The company has accumulated a large customer base through strong research and design capabilities, stable product quality and supply capacity, and fast and quality service capability, maintaining long-term good cooperative relationships with European well-known building materials products, bathroom products, and HVAC products wholesalers, retailers, and brand owners such as Kingfisher, TravisPerkins, Wolseley, OBIGroup, KartellUK, and others. In terms of financials, the company achieved operating revenues of approximately 762 million yuan, 830 million yuan, and 1.05 billion yuan in 2022, 2023, and 2024 respectively. During the same period, the net profits were approximately 93.11 million yuan, 164 million yuan, and 118 million yuan respectively.