IPO雷达｜东盛金材递表前分红过亿元！第一大供应商破产重整，其关联方借款遭问询

Core Viewpoint - Harbin Dongsheng Jin Materials Technology (Group) Co., Ltd. is progressing with its IPO on the Beijing Stock Exchange, addressing inquiries regarding market space, operational performance decline risks, raw material supply stability, and corporate governance [1][5]. Company Overview - Established in 1995, Dongsheng Jin Materials specializes in the research, production, and sales of functional additives for aluminum alloy smelting [3]. - The company has a significant ownership structure, with the controlling shareholder, Zhang Shengtian, and his family holding over 80% of the shares [4][5]. Financial Performance - Dongsheng Jin Materials reported a notable decline in performance for 2023, with revenues of 658 million yuan, down 37.05% year-on-year, and a net profit of 30.69 million yuan, down 66.16% [7][8]. - The company distributed a total of 163 million yuan in cash dividends prior to its listing [2][3]. Supply Chain Concerns - The primary raw material, electrolytic manganese, is sourced from Tianyuan Manganese Industry, which filed for bankruptcy reorganization in September 2023. The company has been asked to clarify the impact of this on its supply stability [9][10]. - Despite the bankruptcy, Dongsheng Jin Materials indicated that the supply situation remains stable, with no significant adverse effects on procurement [10]. Governance and Control - The North Exchange has raised questions regarding the capability of the actual controllers to manage the company's operational intensity and the long-term arrangements for maintaining control [5].