昊创瑞通过会：今年IPO过关第26家 长江保荐过首单

Core Viewpoint - Beijing Haochuang Ruitong Electric Equipment Co., Ltd. has passed the IPO review by the Shenzhen Stock Exchange, marking it as the 26th company approved for listing this year, with a focus on smart distribution equipment and digital solutions for distribution networks [1][2]. Group 1: Company Overview - Haochuang Ruitong specializes in the research, production, and sales of smart distribution equipment, including smart ring network cabinets, smart pole switches, and box-type substations [1]. - The company plans to publicly issue no more than 27.90 million shares and aims to raise approximately 476.54 million yuan for various projects, including the production of smart ring network cabinets and smart pole switches, as well as the establishment of a smart distribution research center [2]. Group 2: Shareholding Structure - As of the signing date of the prospectus, Duan Youtao directly holds 38.00% of the company's shares and indirectly controls an additional 4.87% through Dingsheng Yingke, while Zhang Lingli directly holds 32.16% of the shares. Together, they control 75.03% of the company and are husband and wife, with Duan serving as the chairman and general manager, and Zhang as a director and vice general manager [1]. Group 3: Market Position and Competitive Advantage - The IPO review committee has raised questions regarding the company's competitive advantages, market share, technological advancement, R&D investment, product quality control, and the sustainability of its performance growth in the smart distribution equipment market [3][4].