SCS(SH:601555) Zhong Guo Jing Ji Wang·2024-11-03 06:17Core Viewpoint - Jiangsu Lintai New Material Technology Co., Ltd. has been approved for IPO on the Beijing Stock Exchange, marking the 41st company to pass the review in 2024 [1] Company Overview - Lintai New Material specializes in the research, production, and sales of friction plates for automotive automatic transmissions, with main products including wet paper-based friction plates and dual plates [1] - The company’s products are used in mainstream automatic transmissions such as AT, CVT, DCT, DHT, and DET for electric vehicles [1] Shareholding Structure - The controlling shareholder is Liu Jian, who directly holds 8.36 million shares (25.21% of total shares) and indirectly controls an additional 3.22 million shares, totaling 34.93% [2] - Liu Jian and Song Pingping, who are married, collectively control 35.00% of the company’s shares [2] IPO Details - Lintai New Material plans to publicly issue up to 5.85 million shares, with a minimum public shareholder ratio of 25% post-issue [3] - The company aims to raise 116 million yuan for projects including the production of 30 million automotive friction plates and a research center for multi-purpose wet friction plates [3] Review Committee Inquiries - The review committee raised questions regarding the authenticity and sustainability of performance growth, including sales trends and raw material price impacts on profit margins [4] - The company was asked to clarify its market position and the basis for claims regarding its unique status in providing wet paper-based friction plates for passenger vehicles in China [5] - Inquiries were made about the core technology sources for its products and any potential intellectual property disputes [5]