世昌股份过会：今年IPO过关第21家 东北证券过首单

Group 1 - The Beijing Stock Exchange's listing committee approved Hebei Shichang Automotive Parts Co., Ltd. for IPO, marking the 21st company approved this year, with 8 from the Beijing Stock Exchange and 13 from the Shanghai and Shenzhen Stock Exchanges combined [1] - Shichang's main business involves the research, production, and sales of automotive fuel systems, primarily focusing on plastic fuel tank assemblies [1] - The company plans to issue up to 15.70 million shares, with a fundraising target of 171.18 million yuan, allocated for a new energy high-pressure fuel tank project and working capital [3] Group 2 - As of the signing date of the prospectus, the controlling shareholder, Gao Shichang, holds 20.40 million shares, representing 48.27% of the total share capital [1] - Gao Shichang and Gao Yongqiang collectively hold 28.40 million shares, accounting for 67.20% of the total share capital, with their family members and associated entities holding an additional 4.17 million shares, bringing their total control to 77.06% of voting rights [2] - The company has a significant influence from its actual controllers, with Gao Shichang serving as the chairman and Gao Yongqiang as the director and secretary of the board [2] Group 3 - The listing committee raised inquiries regarding the authenticity of the company's operating performance, including accounts receivable, sales returns, and the rationale behind financial metrics compared to industry trends [5] - Questions were also posed about the sustainability of the company's operating performance, focusing on new customer development and competitive advantages in maintaining customer relationships [5]