新琪安拟港交所上市，年营收5.69亿，王小强家族掌舵引关注

Core Viewpoint - New Qian has successfully passed the Hong Kong Stock Exchange listing hearing and is preparing to enter the capital market, marking a new chapter for the company in the food additives sector [1] Financial Performance - New Qian's revenue fluctuated over the past few years, with 2022 revenue at 761.5 million RMB, dropping to 446.9 million RMB in 2023, and recovering to 568.9 million RMB in 2024 [2] - Gross profit also experienced similar volatility, decreasing from 194.9 million RMB in 2022 to 79.9 million RMB in 2023, then rising to 101.9 million RMB in 2024 [2] - The company's net profit declined from 122 million RMB in 2021 to 44.7 million RMB in 2022, further decreasing to 43.4 million RMB in 2023, although adjusted net profit in 2023 showed a recovery to 53.6 million RMB [2] Cash Position and Dividend Policy - New Qian's cash and cash equivalents have been decreasing over the past three years, reaching 46.1 million RMB as of December 31, 2024 [3] - The company has been conservative in dividend distribution, declaring a mid-term dividend of approximately 8.6 million RMB in 2022, a final dividend of about 11.1 million RMB in 2023, and no dividends in 2024 [3] Corporate Governance - The company's governance structure exhibits a strong family influence, with key positions held by family members of Chairman Wang Xiaoqiang, including his son and spouse [3] - The shareholding structure reflects this family influence, with Wang Xiaoqiang holding 6.9% and New Qian Industrial holding 41.1%, collectively controlling 59.8% of the company [6] Shareholding Structure - Major shareholders include institutional investors such as Guo Xin Hong Sheng (9.8%), Fu Xing Investment (6%), and Xing Zheng Strategic Entrepreneurship (5.7%), which contribute to the company's capital vitality [6]