603611，拟分拆上市

Core Viewpoint - Noli Co., Ltd. (603611) plans to spin off its subsidiary, Zhongding Intelligent (Wuxi) Technology Co., Ltd., for a listing on the Hong Kong Stock Exchange, aiming to enhance operational focus and independence for both entities [1][4]. Group 1: Company Overview - Noli Co., Ltd. reported a closing stock price of 19.26 yuan per share, with a total market capitalization of approximately 4.961 billion yuan as of March 25 [2]. - The main business segments of Noli Co., Ltd. include intelligent manufacturing equipment and smart logistics systems, providing customized and intelligent internal logistics solutions for various industries [3]. Group 2: Subsidiary Performance - Zhongding Intelligent, a subsidiary of Noli Co., Ltd., has completed over 2,000 logistics system engineering cases globally, serving clients in diverse sectors such as food and beverage, pharmaceuticals, e-commerce, automotive, and more [3]. - From 2021 to 2023, Zhongding Intelligent achieved revenues of 1.275 billion yuan, 1.658 billion yuan, and 1.705 billion yuan, with net profits of 55.82 million yuan, 70.58 million yuan, and 78.18 million yuan respectively [3]. Group 3: Spin-off Details - After the spin-off, Noli Co., Ltd. will maintain control over Zhongding Intelligent, which will still be included in the consolidated financial statements of Noli Co., Ltd. [5]. - Noli Co., Ltd. directly holds 99.6% of Zhongding Intelligent's shares, and the initial offering size for the spin-off is set to not exceed 25% of the total expanded share capital post-issuance, with an option for an additional 15% in over-allotment [5].