中诚咨询IPO揭秘：董事长丈夫“0”持股，背后股权架构引关注

Group 1 - The actual controllers of Zhongcheng Consulting are Lu Jun and Xu Xuele, with Xu holding 86.98% of the shares, while Lu holds none [1] - Zhongcheng Consulting was founded in 2002 and underwent several changes, becoming a joint-stock company in 2016 and listing on the New Third Board [1] - Lu Jun was appointed as general manager and later as chairman within a month of joining the company in 2019 [1] Group 2 - Prior to the IPO, Zhongcheng Consulting identified Lu Jun as one of the actual controllers, violating disclosure regulations and receiving a warning from the Jiangsu Securities Regulatory Bureau [3] - Lu Jun has a significant background, having held key positions in companies under Suzhou High-tech (600736.SH), which is also Zhongcheng Consulting's largest client [3] - Suzhou High-tech Group has been a major client for years, contributing significantly to Zhongcheng Consulting's revenue [3] Group 3 - The initial fundraising plan for the IPO included projects for network construction, R&D, and business expansion, but the updated prospectus removed funding for working capital and EPC business expansion [4] - Zhongcheng Consulting distributed dividends totaling 55.4286 million yuan in 2022 and 2023, with most going to Xu Xuele [4] - The company is facing declining performance, with new orders significantly reduced and both revenue and net profit showing year-on-year declines [4] Group 4 - Despite recent revenue and profit growth, Zhongcheng Consulting faces challenges such as high concentration of business in Jiangsu Province, limiting national expansion [5] - The increasing accounts receivable, which constitute a high proportion of revenue, is putting pressure on the company's cash flow [5] - The company has raised funds multiple times before the IPO to supplement cash flow, raising questions about its financial health [5]