陕西瑞科转战北交所IPO 申报前12个月新增8名股东

Core Viewpoint - Shaanxi Ruike New Materials Co., Ltd. is pursuing an IPO on the Beijing Stock Exchange, but its revenue has been declining over the past three years [2][3] Group 1: Financial Performance - The company's revenue for the years 2022, 2023, and 2024 was 1.185 billion, 1.152 billion, and 1.052 billion respectively, indicating a downward trend [3] - The net profit attributable to the parent company, after deducting non-recurring gains and losses, was 70.07 million, 60.15 million, and 64.71 million for the same years [3] - Sales to WuXi AppTec, the largest customer, decreased from 192 million in 2022 to 40 million in 2024, with its contribution to overall revenue dropping from 16.23% to 3.77% [4] Group 2: Business Model - The company primarily engages in the research, production, and sales of precious metal catalysts, with applications in various industries including pharmaceuticals, specialty chemicals, and environmental protection [3] - The revenue from processing precious metal catalysts on a commission basis accounted for approximately 10% of total revenue during the reporting period [3] Group 3: Shareholder Structure - Eight new shareholders, including four institutional investors, acquired shares through block trading within 12 months prior to the IPO application [5] - The underwriter, Guosen Securities, indirectly holds 0.73% of the company's shares through two institutional shareholders [6] - Several new shareholders inherited buyback rights from previous shareholders, which raises questions about the compliance of these arrangements with the IPO process [7]