科马材料IPO过会两周后提交注册，上半年营收净利双位数增长

Core Viewpoint - Zhejiang Kema Friction Material Co., Ltd. (Kema Materials) has submitted its IPO registration, with the underwriting agency being Guotou Securities, taking 15 days from approval to registration submission [2]. Financial Performance - The company's total assets as of December 31, 2024, are approximately 628.07 million yuan, an increase from 557.38 million yuan in 2023 and 545.75 million yuan in 2022 [3]. - Total equity attributable to shareholders reached approximately 558.60 million yuan in 2024, up from 487.07 million yuan in 2023 and 460.70 million yuan in 2022 [3]. - The company reported operating revenues of approximately 249.03 million yuan in 2024, compared to 198.96 million yuan in 2023 and 202.16 million yuan in 2022 [3]. - The net profit for 2024 is approximately 71.03 million yuan, an increase from 49.05 million yuan in 2023 and 41.65 million yuan in 2022 [3]. - The gross profit margin improved to 47.39% in 2024 from 41.48% in 2023 and 34.91% in 2022 [3]. - The weighted average return on net assets was 13.68% in 2024, up from 10.46% in 2023 and 9.55% in 2022 [3]. Growth Projections - For the first half of 2025, the company expects an 11.37% year-on-year increase in operating revenue, with net profit attributable to shareholders expected to grow by 30.68% [4]. - For the first nine months of 2025, projected operating revenue is between 194 million yuan and 200 million yuan, indicating a growth rate of 2.55% to 5.72% [4]. - The net profit for the same period is expected to be between 61 million yuan and 65 million yuan, reflecting a year-on-year growth of 10.05% to 17.27% [4]. Shareholding Structure - The actual controllers of the company, Wang Zonghe, Liao Aixia, Wang Tingting, and Xu Changcheng, collectively control 52.97 million shares, accounting for 84.40% of the total share capital [6]. - Wang Zonghe and Liao Aixia are a married couple, while Xu Changcheng is their son-in-law, and Wang Tingting is their daughter [6]. Management Team - Wang Zonghe has extensive experience in the friction materials industry, having held various leadership positions since 1995 and currently serving as the chairman [6]. - Liao Aixia has a background in education and library services, currently serving as a director and assistant general manager [7]. - Xu Changcheng, with a background in education and sales, has been with the company in various roles since 2010 and currently serves as a director and general manager [7]. - Wang Tingting, who holds Australian permanent residency, has transitioned from sales roles to brand management within the company [8].