下周一上会！无经验项目“硬”募资上千万 夫妻档“掏空”分红又来“补血”

Core Viewpoint - Zhongcheng Consulting is set to undergo a review by the Beijing Stock Exchange for its IPO, aiming to raise approximately 200 million yuan, significantly reduced from the previously planned 330 million yuan [1][2]. Fundraising and Project Allocation - The company plans to allocate the raised funds primarily for the construction of an engineering consulting service network and research and information technology projects, with total investments of approximately 12.3 million yuan and 7.69 million yuan respectively [3][6]. - The initial fundraising plan included an EPC business expansion project with a proposed investment of 70 million yuan, which has now been removed from the updated plan [5][9]. Financial Background - Zhongcheng Consulting has a history of significant cash dividends, distributing a total of 85.43 million yuan from 2021 to 2023, with a substantial portion benefiting the controlling shareholder, Xu Xuele [12][13]. - The company has also maintained a considerable amount in financial products, with a balance of 172 million yuan as of December 31, 2024, indicating a strong liquidity position [11][10]. Regulatory Scrutiny - The Beijing Stock Exchange has raised concerns regarding the rationale behind the fundraising projects, particularly the EPC business expansion, given the company's lack of successful experience in this area [7][8]. - In response to inquiries, the company has emphasized the necessity of expanding into the EPC business due to industry policy support and existing project contracts, although the actual execution capability remains under scrutiny [8][9].