长宏新材闯上市：创始股东多次0元转让股权，董事长李新艳捡漏

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has issued supplementary material requirements for three companies, including Changhong New Materials, Lens Technology, and Jiangbolong, as part of the overseas listing process [1] Company Overview - Changhong New Materials Group Co., Ltd. operates through Jilin Huachen New Materials Technology Development Co., Ltd., which was established in March 2017 with an initial registered capital of RMB 10 million [4] - The current registered capital of Jilin Huachen is RMB 10.101 million, with major shareholders including Hong Kong Jiaheng International Group Co., Ltd. and Hong Kong Ding Tai Group Co., Ltd. [3] Shareholding Changes - Significant shareholding changes occurred from 2017 to 2023, with the original shareholders, Zhao Yingtao and Xia Zhongmin, exiting the company, leaving Zhou Wen as the sole shareholder until his exit in June 2023 [3][6] - Zhou Wen transferred his 99% and 1% stakes in Jilin Huachen to Zhu Youxin and Zhou Shujie, respectively, at zero cost due to accumulated losses [6][7] - Zhu Youxin, who became an executive director of Changhong New Materials, took over the business after Zhou Wen's exit [6] Capital Increase and Share Transfer - In May 2024, a capital increase agreement was signed, with Hong Kong Ding Tai investing RMB 300,000 in Jilin Huachen, raising its registered capital to RMB 10.101 million [9][10] - Following the capital increase, Li Xinyan acquired 99% of Jilin Huachen's shares from Zhu Youxin for RMB 11 million, making her the sole owner [10] Financial Performance - Changhong New Materials reported revenues of approximately RMB 25.548 million and RMB 97.882 million for the fiscal years 2023 and 2024, respectively, with corresponding gross profits of RMB 10.319 million and RMB 38.800 million [12] - The net profits for the same periods were approximately RMB 6.436 million and RMB 17.110 million [12] Regulatory Requirements - The CSRC has requested Changhong New Materials to explain the significant price differences between the 2024 capital increase and the previous zero-cost share transfers, as well as the authenticity of the 2023 transactions [12]