Core Viewpoint - Zhejiang Yongli Precision Manufacturing Co., Ltd. has received approval for its IPO application, indicating strong growth potential in the automotive precision steel pipe industry, with significant market share and established client relationships [2][3]. Company Overview - Yongli Precision is primarily engaged in the R&D, production, and sales of precision steel pipes and pipe-type components for automotive applications, recognized as a national high-tech enterprise [2]. - The company is one of the earliest entrants in the automotive precision steel pipe industry in China and has achieved large-scale production [2]. Market Position - The company estimates a market share of approximately 30% for its automotive shock absorber pipe products in the national vehicle matching market during the reporting period [2]. Financial Performance - For the years 2022 to 2024, the company's revenue increased from 416 million yuan to 568 million yuan, while net profit rose from 60.39 million yuan to 94.81 million yuan [3]. - The gross profit margin for the same period was 25.71%, 31.37%, and 29.32%, respectively [3]. Shareholding Structure - The Wang Xinghai family directly holds 90% of the company's shares, with the family controlling 95% of the voting rights [5][6]. - Key family members include Wang Xinghai (32.67%), Wang Xiaoyuan (15.33%), Wang Yuanyuan (13.50%), and Wang Fangfang (13.50%) [6][7]. Management Team - Wang Xinghai serves as a director, while Wang Xiaoyuan is the chairperson of the board [7][8]. - The management team includes family members in key positions, indicating a strong familial influence on company operations [5][6].
永励精密北交所IPO:王兴海家族控股95%,80后女儿王晓园担任董事长
Sou Hu Cai Jing·2025-06-03 02:10