Venture(US:VEMLY) Zheng Quan Zhi Xing·2025-08-21 16:59Company Overview - Jiangxi Aifenda Heating Technology Co., Ltd. is a high-tech enterprise specializing in the research, design, production, and sales of heating and ventilation home products, including bathroom towel racks and heating valves [2][23] - The company has established a strong presence in the heating home appliance sector and has developed over 200,000 sets of bathroom towel racks annually, showcasing its robust R&D and production capabilities [23] Market Position and Achievements - Aifenda is recognized as a leading manufacturer in the electric towel rack industry, having drafted the first national group standard for electric towel racks in China [2][23] - The company has received multiple accolades, including being designated as a "Provincial Enterprise Technology Center" and a "National Intellectual Property Advantage Enterprise" by the State Intellectual Property Office [2][23] Financial Performance - The company's revenue has shown consistent growth, with reported revenues of 762.22 million yuan, 830.27 million yuan, and 1.04983 billion yuan over the past three years, reflecting a compound annual growth rate of 17.36% [4][12] - The net profit attributable to the parent company has also increased, with figures of 88.73 million yuan, 87.40 million yuan, and 127.61 million yuan, achieving a compound annual growth rate of 19.92% [4][12] Future Development Plans - The company aims to leverage capital market opportunities to enhance its R&D capabilities through technological and material innovations, improving production efficiency and product quality [3][5] - Future strategies include expanding international market share, enhancing brand recognition, and implementing a large customer strategy to drive sustainable growth [6][12] Fundraising and Investment Plans - The upcoming IPO aims to raise funds for projects including the automation upgrade of towel rack production lines and to supplement working capital, which are essential for enhancing core competitiveness and expanding business scale [5][16] - The planned projects include a production line capable of producing 1.3 million towel racks annually and another for 1 million towel racks, aimed at optimizing production processes and increasing efficiency [5][16]