Venture(US:VEMLY) Zheng Quan Shi Bao Wang·2025-06-24 03:10Core Viewpoint - Zhejiang Xinxing Tool Co., Ltd. has received acceptance for its IPO on the ChiNext board, indicating a significant step towards public listing and capital raising [1]. Company Overview - The company primarily engages in the research, development, production, and sales of drilling tools within the hole processing tool sector [2]. - The IPO aims to raise 560 million yuan, with the funds primarily allocated for the construction of a digital factory for precision CNC tool fixtures [2]. Fundraising Purpose - The total amount intended for the precision CNC tool fixture digital factory construction project is 56 million yuan [3]. Financial Performance - Projected revenues for 2022 to 2024 are 391 million yuan, 425 million yuan, and 467 million yuan, respectively, showing a growth of 9.88% in 2024 [3]. - Projected net profits for the same period are 172 million yuan, 177 million yuan, and 185 million yuan, reflecting a year-on-year increase of 4.53% in 2024 [3]. - Key financial metrics for 2024 include: - Revenue: 46,727.27 million yuan - Net profit attributable to shareholders: 18,547.28 million yuan - Basic earnings per share: 2.47 yuan - Weighted average return on equity: 16.70% [3].