Guo Ji Jin Rong Bao·2025-05-26 10:29Core Viewpoint - The article discusses the recent IPO of Zhongding Intelligent Technology Co., Ltd. in Hong Kong, which is a subsidiary of Noli Co., Ltd. The IPO represents a trend of A-share companies splitting off subsidiaries for independent listings, highlighting the financial gains for key stakeholders involved in the company’s ownership transitions [1][8]. Group 1: Company Overview - Zhongding Intelligent was established in 2009 and specializes in intelligent on-site logistics and warehouse automation solutions [3]. - The company has shown significant growth in sales orders, with new sales orders exceeding 720 million yuan in 2016 and surpassing 3 billion yuan in 2021 [8]. - The revenue projections for Zhongding Intelligent from 2022 to 2024 are 1.643 billion yuan, 1.695 billion yuan, and 1.798 billion yuan, respectively, with net profits of 70.58 million yuan, 78.18 million yuan, and 88.63 million yuan during the same period [8]. Group 2: Ownership and Financial Transactions - Noli Co., Ltd. acquired 90% of Zhongding Intelligent for a total consideration of 540 million yuan, which included cash and shares [4][5]. - Zhang Ke, the largest shareholder, invested 59.28 million yuan to become the first major shareholder, later selling his stake for over 1.647 billion yuan in cash and shares [5][6]. - Zhang Yuanchao purchased the remaining 10% stake for 740,000 yuan and later sold it for 1.02 billion yuan, indicating a substantial return on investment [7]. Group 3: Market Position and Future Plans - Zhongding Intelligent ranks fourth in the Chinese intelligent on-site logistics solutions market and first in the new energy lithium-ion battery sector [12]. - The company plans to use part of the IPO proceeds to develop advanced robotics and equipment systems, focusing on high-density storage and automated logistics solutions [16][17]. - The split from Noli Co., Ltd. is expected to enhance both companies' focus on their respective markets, with Zhongding Intelligent concentrating on smart logistics and Noli on intelligent manufacturing equipment [12][14].