On August 5th, the Tianrun Crankshaft Roadshow took off in Beijing as its first stop, followed by a roadshow in Shanghai and Shenzhen. Following the formulation of the company's vision to achieve production and sales volume and profit doubling within two to three years, as the largest bearing manufacturer in China, Tianrun Crankshaft intends to use the listed capital to raise funds for four production lines to achieve leapfrog development. Crankshaft leader plans to raise 614 million yuan On August 4th, Tianrun Crankshaft issued a letter of intent for prospecting that the company intends to issue 60 million A shares, and the total share capital after the issuance will reach 24,000 shares. The funds raised will be mainly invested in four projects including the Xichai heavy truck crankshaft production line, the Cummins heavy truck crankshaft production line, the Cummins light truck crankshaft production line, and the Weichai heavy truck crankshaft production line. It is estimated that the total investment of the four projects will be approximately 614 million yuan. After the project is put into production, the total annual new profit will be approximately 146 million yuan, and the annual new net profit will be approximately 110 million yuan. Tianrun crankshaft has long been focused on the production and sales of crankshafts for core components of automotive engines and has now become the king of the industry. China Internal Combustion Engine Industry Association statistics show that Tianrun crankshaft is China's largest professional manufacturer of automotive engine crankshafts, and its comprehensive strength ranks first in the domestic crankshaft industry. At present, Tianrun crankshafts have an annual production capacity of more than 500,000 crankshafts of various types of engines. Over the years, Tianrun has the highest market share in the field of heavy engine crankshafts with the highest technological content and highest added value. According to reports, the current domestic bearing industry presents an "oligarchical separatist pattern." In addition to Tianrun crankshaft, only a few professional crankshaft manufacturers such as Liaoning No. 518 and Guilin Fuda have large scale. Because the entry barrier of the bearing industry is relatively high, the amount of capital and technical proficiency are very high, coupled with the long certification period, the omnivorous separatist pattern of the crankshaft industry is difficult to change in the short term. The company's landing in the capital market will further consolidate its leading position. Profit of 67 million yuan in the first half of 2009 As an industry leader, the main supporting customers of Tianrun Crankshaft are Weichai Power, Dongfeng Cummins, FAW Xichai, Shanghai Shangchai and other major major manufacturers. The stable customer base has laid a solid foundation for the company's steady development. According to the data from the China Internal Combustion Engine Industry Association, Tianrun Crankshaft produced 144,000 heavy-duty engine crankshafts in 2006, with a market share of approximately 32%, ranking first in the industry; in 2007 and 2008, it produced 259,000 heavy-duty engine crankshafts and 287,000 respectively. In 2008, the comprehensive market share has reached approximately 37%, and continues to maintain its leading edge. July 7, 2008, Tianrun crankshaft listing application has been approved by the Issuing Committee. However, due to the change in the international economic environment, the IPO was shut down, and the Tianrun crankshaft's issuance and listing plan will eventually take place in the second half of this year. The IPO prospectus shows that in 2008, operating income was 820 million yuan, net profit was 113 million yuan, and earnings per share were 0.56 yuan; in the first half of 2009, operating income was 368 million yuan, net profit was 67 million yuan, and earnings per share was 0.35 yuan. After the fund-raising project is put into production, it will surely increase the company's performance. Some experts indicated that with this fundraising and four production lines simultaneously, the advantages of the Tianrun crankshaft will become more apparent. This undoubtedly makes the company's vision more realistic and the company's leap-forward development path will become clearer. Latex household gloves are a kind of gloves. Different from ordinary gloves, they are processed from latex. They can be used as household, industrial, medical, beauty and other industries. They are necessary hand protective articles. Latex gloves are made of natural latex and other fine additives. 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