Core Viewpoint - The company, Yijia Additive Manufacturing, has shown significant growth in revenue and net profit under the leadership of the new generation entrepreneur, Li Jianhao, while facing challenges in cash flow and reliance on financing [1][18][26]. Group 1: Company Performance - From 2022 to 2024, the company's revenue increased from 247 million to 471 million yuan, and net profit rose from 28.93 million to 98.81 million yuan, indicating rapid growth in both key performance metrics [1][20]. - The company plans to raise 1.205 billion yuan through its IPO to fund expansion and R&D projects [2]. - The average selling price of 3D printing equipment increased by 46.58% from 1.8452 million yuan to 2.7047 million yuan, while sales volume grew from 124 units to 163 units during the same period [21][22]. Group 2: Financial Health - Despite a net profit of 98.81 million yuan in 2024, the company experienced a significant cash flow issue, with a net cash outflow of 93.80 million yuan, compared to a net inflow of 19.67 million yuan in 2023 [26][28]. - The company's asset-liability ratio dropped dramatically from 82.63% in 2022 to 16.69% in 2024, reflecting improved debt repayment capacity [31][32]. - The company’s accounts receivable increased significantly, reaching 217 million yuan in 2024, which accounted for 46.07% of total revenue [28][29]. Group 3: Market Position and Industry Context - The global additive manufacturing market is projected to grow from 12.76 billion USD in 2020 to 21.9 billion USD in 2024, with the Chinese market expected to reach 41 billion yuan in 2023 [20][21]. - Yijia Additive Manufacturing's gross profit margin increased from 39.31% in 2022 to 45.12% in 2024, contrasting with the declining trend in the industry average [24][25]. - The company has established subsidiaries in Germany and the USA to expand its overseas market presence, with foreign sales accounting for approximately 15% of its main business revenue [22][24].
温商富豪李诚偏疼儿子，易加增材IPO前还了4.4亿外债