这家公司撤回沪市主板IPO，现欲北交所上市，主要收入靠卖日本刀具

Core Viewpoint - After failing to list on the Shanghai Stock Exchange (SSE) due to increased financial requirements, Beijing Jinwanzhong Machinery Technology Co., Ltd. (referred to as "Jinwanzhong") is preparing for an IPO on the Beijing Stock Exchange (BSE) [1][4]. Group 1: Company Background - Jinwanzhong was established in June 2011 and operates as a one-stop comprehensive service platform for cutting tools [3]. - The company primarily generates revenue from the distribution of third-party brand cutting tools, with over 78% of its revenue in 2022 coming from Japanese brands [1][11]. Group 2: IPO History and Financial Requirements - Jinwanzhong voluntarily withdrew its application for the SSE main board listing in April 2024, citing that it did not meet the new financial criteria set by the SSE [4][5]. - The SSE raised its financial metrics, including cumulative net profit from 150 million to 200 million yuan, and cumulative operating cash flow from 100 million to 200 million yuan [5][6]. Group 3: Financial Performance - Jinwanzhong's revenue for the years 2020, 2021, and 2022 was approximately 850 million, 1.021 billion, and 988 million yuan, respectively, with net profits of 85.01 million, 102 million, and 83.46 million yuan [7][8]. - The company reported a total revenue of around 2.859 billion yuan and a cumulative net profit exceeding 270 million yuan over the three years, although the net profit for 2022 fell below 100 million yuan [8][9]. Group 4: Business Operations - During the reporting period, Jinwanzhong served nearly 10,000 customers, including around 400 listed companies and numerous state-owned enterprises [11]. - The company’s revenue is predominantly derived from the sale of cutting tools and related products, with third-party brand distribution accounting for approximately 87% of its revenue [11][12]. Group 5: Shareholding Structure - The controlling shareholder of Jinwanzhong is Sun Xiaoming, who holds 78.62% of the shares, along with additional control through various entities [12][13].