悦龙科技拟IPO：董事长兼总经理徐锦诚70岁高龄，早年曾是村支书

Core Viewpoint - Shandong Yuelong Rubber and Plastic Technology Co., Ltd. (Yuelong Technology) has completed its IPO counseling work and plans to reduce significant related party transactions by acquiring a majority stake in Techfluid U.K. Ltd. [1] Financial Performance - In 2023, Yuelong Technology reported operating revenue of 218.63 million yuan, an increase from 188.97 million yuan in 2022, reflecting a growth of approximately 15.5% [3] - The company's gross profit margin improved to 52.64% in 2023 from 51.97% in 2022 [3] - Operating profit rose to 71.47 million yuan in 2023, compared to 55.44 million yuan in 2022, marking an increase of about 28.9% [3] - Net profit increased to 60.78 million yuan in 2023 from 47.92 million yuan in 2022, representing a growth of approximately 26.9% [3] - The weighted average return on net assets increased to 20.97% in 2023 from 16.93% in 2022 [3] - The net profit attributable to the shareholders of the company, after deducting non-recurring gains and losses, was 54.71 million yuan in 2023, up from 49.21 million yuan in 2022 [3] Corporate Structure - The chairman and general manager, Xu Jincheng, controls 73.79% of the company's shares, making him the controlling shareholder and actual controller [2] - Xu Jincheng has a long history in various leadership roles, including positions in local government and the rubber and plastic industry, and has been with Yuelong Technology since its inception [2]