康瑞新材IPO前补税，朱卫夫妇套现+分红超1亿元

Core Viewpoint - Jiangsu Kangrui New Materials Technology Co., Ltd. (Kangrui New Materials) faces regulatory scrutiny as its IPO application has been selected for on-site inspection, which is a significant hurdle in its listing process [1][2]. Group 1: IPO Process and Regulatory Environment - Kangrui New Materials has entered the inquiry stage of its IPO process after being included in the on-site inspection list published by the China Securities Association [2][3]. - The on-site inspection is a regulatory measure aimed at filtering out companies with potential issues before they go public, with a historical termination rate of 72.73% for companies selected for inspection from 2022 to 2024 [2]. Group 2: Company Background and Financial Performance - Established 24 years ago, Kangrui New Materials is recognized as a national high-tech enterprise with annual revenue approaching 3 billion yuan [4]. - The company reported impressive financial growth, with revenues of approximately 1.05 billion yuan, 2.49 billion yuan, and 3 billion yuan for the years 2022, 2023, and 2024 respectively, reflecting year-on-year growth rates of 136.01% and 20.59% [15]. - The net profit attributable to the parent company also saw significant increases, with figures of approximately 35.85 million yuan, 227 million yuan, and 415 million yuan for the same years [15]. Group 3: Tax Compliance and Financial Control Issues - Kangrui New Materials has faced tax compliance issues, including a fine of 33,000 yuan for tax underreporting during customs declarations, and a total of 6.33 million yuan in tax and penalties related to past tax incentives [8][7]. - The company has also been scrutinized for financial control weaknesses, including improper use of personal accounts for business transactions and non-compliant financial practices, which have since been rectified [25][31]. Group 4: Shareholder Actions and Capital Structure - The controlling shareholders, Zhu Wei and Li Li, have collectively controlled 72.52% of the company, with significant cash dividends distributed in 2022 and 2024 totaling 40 million yuan and 50 million yuan respectively [10][12]. - In September 2023, Li Li and Jiangyin Kangde transferred shares to BYD, realizing approximately 74.99 million yuan in cash [12][14]. Group 5: Research and Development Investments - Kangrui New Materials has increased its R&D expenditures significantly, with amounts of 36.67 million yuan, 48.26 million yuan, and 81.22 million yuan for the years 2022, 2023, and 2024, representing a rising percentage of revenue [18][20]. - The company plans to utilize 904.49 million yuan of its IPO proceeds for R&D center construction and other projects aimed at enhancing its production capabilities [22][23].