
Core Viewpoint - Hongshida Intelligent Technology Co., Ltd. has been accepted for IPO on the Beijing Stock Exchange, aiming to raise 217 million yuan for expansion and development [3]. Company Overview - Hongshida was established in 2011 with a registered capital of 42.66 million yuan, focusing on the R&D, production, and sales of intelligent automation equipment and flexible production lines [3]. - The company is recognized as a high-tech enterprise and a national-level "little giant" enterprise [3]. Financial Highlights - The company plans to use approximately 46% of the raised funds (100 million yuan) for repaying bank loans and supplementing working capital [3]. - Total assets increased from 609.25 million yuan in 2022 to 855.92 million yuan in 2024, showing a significant growth trend [4]. - Shareholder equity rose from 264.12 million yuan in 2022 to 422.17 million yuan in 2024 [4]. - Revenue increased from 397.27 million yuan in 2022 to 648.58 million yuan in 2024, with a net profit growth from 29.69 million yuan to 53.49 million yuan during the same period [4]. Customer Concentration - The company has a high customer concentration, with the top five customers accounting for 70.35%, 50.26%, and 62.67% of total revenue in the respective years [6]. - The largest customer is Luxshare Precision, contributing 22.63% of sales in 2024 [5][6].