Zhong Guo Jing Ji Wang·2025-07-26 09:12Core Viewpoint - Qingdao Taikaiying Special Tire Co., Ltd. has been approved for listing on the Beijing Stock Exchange, marking it as the 35th company to pass the review this year, with a focus on the global mining and construction tire market [1][2]. Company Overview - Taikaiying specializes in the design, research and development, sales, and service of tires for mining and construction, particularly engineering radial tires and all-steel truck tires [1]. - The company is controlled by Wang Chuan Zhu, who holds 72.94% of the shares through Taikaiying Holdings, with his spouse holding an additional 6.77%, resulting in a combined control of 79.71% [1]. IPO Details - The company plans to publicly issue up to 44.25 million shares, with a potential increase of 15% through an over-allotment option, bringing the total to a maximum of 50.89 million shares [2]. - The funds raised, estimated at 390.10 million yuan, will be allocated for product upgrades, the establishment of an innovation technology research center, and enhancements to an intelligent management system for specialized tires [2]. Inquiry Points from Review Meeting - The review committee raised questions regarding the sustainability and authenticity of the company's performance growth, requesting details on the first half of 2025's performance, order status, industry trends, and customer stability [3]. - The committee also inquired about the company's technological innovation, specifically how its technology and R&D capabilities compare to industry peers [3].