专精特新“小巨人”科创板IPO终止4年后，改道北交所！

Core Viewpoint - The company Zhongke Instrument (中科仪) has changed its plan from an initial public offering (IPO) on the Shanghai Stock Exchange's Sci-Tech Innovation Board to a public offering on the Beijing Stock Exchange for unspecified qualified investors, with the guidance of China Merchants Securities [1] Company Overview - Zhongke Instrument, established in 2001, specializes in the research, production, and sales of dry vacuum pumps and vacuum scientific instruments, primarily serving the semiconductor and major scientific engineering sectors [2] - The company was recognized as a "Little Giant" enterprise by the Ministry of Industry and Information Technology in December 2020 [2] - Competitors in the industry include Beifang Huachuang, Xinyuan Micro, Zhongwei Company, and Hanzhong Precision [2] IPO History - The company previously applied for an IPO on the Sci-Tech Innovation Board in December 2020 but withdrew its application in May 2021, leading to the termination of the review process by the Shanghai Stock Exchange [2] - In January 2023, Zhongke Instrument re-engaged with China Merchants Securities for guidance on its IPO plans [2] Financial Performance - The company's revenue for the years 2021, 2022, and 2023, as well as the first half of 2024, were reported as follows: - 2021: 449.82 million yuan - 2022: 698.09 million yuan - 2023: 851.79 million yuan - H1 2024: 471.05 million yuan [3] - Net profit attributable to shareholders for the same periods were: - 2021: 65.82 million yuan - 2022: 497.79 million yuan - 2023: 599.98 million yuan - H1 2024: 0.21 million yuan [3] - The company experienced a 33.95% year-on-year revenue growth in H1 2024, but net profit saw a significant decline of 99.70% due to a decrease in the fair value of its holdings in Tuojing Technology [3][4] Key Financial Metrics - For H1 2024, the company reported: - Revenue: 471.05 million yuan, up 33.95% from the previous year - Gross margin: 34.88% - Net profit: 2.08 million yuan, down 99.70% - Non-recurring net profit: 58.58 million yuan, up 32.96% [4] - Major clients include Yangtze Memory Technologies, SMIC, and LONGi Green Energy, with sales to the top five clients accounting for approximately 41.83% of total sales in 2023 [4] Investment Projects - The previous IPO plan included projects for the industrialization of dry vacuum pumps and supplementary working capital, with a total investment of 900 million yuan, of which 771 million yuan was intended to be raised through the IPO [5][6]