高特电子IPO：63岁董事长徐剑虹控股46%，年薪49万元仅为副总杨昊一半

Core Viewpoint - Hangzhou Gaote Electronics Co., Ltd. has received approval for its IPO on the ChiNext board, aiming to raise 850 million yuan for the development of energy storage battery management systems and to supplement working capital [2][3]. Company Overview - Established in February 1998, Gaote Electronics specializes in the research, production, and sales of new energy storage battery management systems, which are widely used in large-scale high-voltage energy storage power stations, commercial and industrial storage, and household storage [2]. - The company also offers backup power BMS, power battery BMS, and related electrical testing services [2]. IPO Details - The IPO plans to raise a total of 850 million yuan, with 600 million yuan allocated for the construction of an intelligent manufacturing center for energy storage battery management systems and 250 million yuan for working capital [2][3]. Financial Performance - Projected revenues for Gaote Electronics from 2022 to 2024 are 346 million yuan, 779 million yuan, and 919 million yuan, respectively [3]. - Net profits for the same period are expected to be 53.75 million yuan, 88.23 million yuan, and 98.42 million yuan, respectively [3]. - The comprehensive gross profit margins are projected to be 28.53%, 26.56%, and 26.02% for the years 2022, 2023, and 2024 [3]. Financial Metrics - By the end of 2024, total assets are expected to reach 11.61 billion yuan, with equity attributable to shareholders at 7.99 billion yuan [4]. - The debt-to-asset ratio is projected to be 31.19% for consolidated statements and 25.99% for the parent company [4]. - The basic earnings per share are expected to be 0.27 yuan for 2024, up from 0.26 yuan in 2023 [4]. Management and Compensation - The actual controller of the company is Xu Jianhong, who holds 46.17% of the shares through Guiyuan Holdings and Wuer Investment [5]. - In 2024, the highest compensation among executives is expected to be 1.0095 million yuan for Vice General Manager Yang Hao, while Chairman and General Manager Xu Jianhong will receive 488,500 yuan [7].