信通电子IPO：产能利用率下滑仍募资扩产 两度卷入专利与商业秘密诉讼

Core Viewpoint - Shandong Xintong Electronics Co., Ltd. is preparing for an IPO to raise approximately 475 million yuan, focusing on industrial IoT smart terminals and system solutions for the power and communication sectors [1] Group 1: IPO Details - The company aims to invest the raised funds in projects such as the development and industrialization of a three-dimensional inspection and big data analysis platform for transmission lines, maintenance base and service network construction, and the establishment of a research and development center [1] - The company has experienced a decline in capacity utilization rates from 100.02% in 2022 to an expected 85.37% in 2024, despite plans for expansion [1] Group 2: Legal Issues - The company has been involved in two significant legal disputes regarding patent and trade secret infringements, including a case where it was accused of stealing core technologies from Zhiyang Innovation, which sought 20 million yuan in damages [2] - Another case involved Shenzhen Jinsanli, which filed two lawsuits for design and utility model patent infringements, claiming a total of 11 million yuan, but both were dismissed by the court [2] Group 3: Regulatory Concerns - Historical capital contribution issues have raised regulatory scrutiny, as the founders initially used a loan of 500,000 yuan for capital verification and later withdrew the funds, which could imply capital escape risks despite receiving compliance certification from local authorities [2]