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德力佳主板IPO过会,募资规模及项目论证是否合理遭问询
Sou Hu Cai Jing·2025-08-01 12:44

Core Viewpoint - Delijia Transmission Technology (Jiangsu) Co., Ltd. has met the conditions for IPO on the main board, with a focus on high-speed heavy-duty precision gear transmission products primarily used in wind power generation [2] Group 1: IPO Details - Delijia's IPO was accepted on December 31, 2024, and entered the inquiry stage on January 24, 2025, with Huatai United Securities as the sponsor [2] - The company plans to use the raised funds of 1.88 billion yuan for projects including the production of 1,000 units of 8MW and above land-based wind power gearboxes and 800 units of large offshore wind power gearboxes [3] Group 2: Financial Performance - From 2022 to 2024, the company's operating revenue was 3.108 billion yuan, 4.442 billion yuan, and 3.715 billion yuan, with net profits of 540 million yuan, 634 million yuan, and 534 million yuan respectively, indicating substantial revenue and profit scales [4] - In the first half of 2025, the company reported an operating revenue of 2.487 billion yuan, an increase of 81.29% year-on-year, and a net profit of 393 million yuan, up 67.56% year-on-year [4] Group 3: Customer Dependency - The sales to the top five customers accounted for 98.86%, 95.92%, and 94.73% of the operating revenue from 2022 to 2024, indicating a high dependency on major clients [4] - Major shareholders include leading companies in the wind power equipment manufacturing industry, with related party sales constituting 37.39%, 45.43%, and 43.56% of total sales during the reporting periods [5]