IPO雷达｜华新精科主板IPO第二轮问询更新财报业绩趋稳，实控人家族的控股关系再被追问

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. (Huaxin Precision) is undergoing a second round of inquiry for its IPO on the Shanghai Stock Exchange, with updates to its prospectus and financial data as of 2024 [1][5]. Company Overview - Huaxin Precision focuses on the research, production, and sales of precision stamping products [3]. - The company aims to raise approximately 712 million yuan through its IPO, with plans to invest in projects related to electric vehicle motor core expansion, precision stamping and mold R&D, and working capital [3]. Financial Performance - The company reported significant fluctuations in revenue over recent years, with figures of 421.97 million yuan, 846.63 million yuan, 1.19192 billion yuan, and 572.51 million yuan for the respective years [4]. - The gross profit margins for the main business have shown a declining trend, with rates of 24.62%, 19.66%, 18.89%, and 18.51% over the past years [4][8]. - For 2024, the updated financial data indicates an increase in revenue and gross profit compared to the previous year, although net profit remains stable due to increased credit impairment losses [9][10]. Gross Margin Analysis - The gross margins for precision stamping cores and molds have varied, with the 2024 forecast showing a gross margin of 22.19% for cores and 54.76% for molds, reflecting a decrease in mold margins compared to previous years [6][8]. - The overall gross margin for the main business is projected to be 23.06% for 2024, down from 24.59% in 2023 [6]. Shareholder Structure - The company has faced inquiries regarding its actual controllers, with the family relationship among the controlling shareholders being scrutinized [11]. - The current actual controllers include Guo Zhengping, Guo Yunrong, and Guo Wanrong, who collectively control 68.97% of the voting rights [12].