北方实验更换券商转战北交所IPO：年入3.68亿元，第4季度收入占比过半

Core Viewpoint - Northern Laboratory (Shenyang) Co., Ltd. has received acceptance for its IPO on the Beijing Stock Exchange, with the sponsorship from Kaiyuan Securities and auditing by Rongcheng [2][4] Company Overview - Established in 2003, Northern Laboratory is an information technology service provider focusing on network security services and IT consulting, utilizing eight key core technologies including intelligent penetration testing and host attack monitoring [4] - The company primarily engages in network security assessment, consulting, operations, and information system engineering supervision and design [4] Financial Performance - For the fiscal years 2022 to 2024, the company's operating revenue is projected to grow from 280 million yuan to 368 million yuan, while net profit is expected to fluctuate around 113 million yuan [5][6] - The total assets are expected to increase from approximately 480 million yuan in 2022 to about 896 million yuan in 2024, with total equity rising from approximately 352 million yuan to about 547 million yuan during the same period [5] - The asset-liability ratio is projected to rise from 26.84% in 2022 to 37.05% in 2024, indicating a potential increase in financial leverage [5] Profitability Metrics - The gross profit margin is expected to improve from 65.47% in 2022 to 69.26% in 2024, reflecting enhanced operational efficiency [5] - The weighted average return on net assets is projected to decline from 37.50% in 2022 to 22.95% in 2024, indicating potential challenges in maintaining profitability [5] Seasonal Revenue Characteristics - The company exhibits significant seasonal revenue characteristics, with the fourth quarter contributing over 53% of total annual revenue in recent years [7]