Changjiang Securities(SZ:000783) Zheng Quan Zhi Xing·2025-08-27 13:17Group 1 - The core viewpoint of the news is that Changjiang Securities is acting as the lead underwriter for the initial public offering (IPO) of Beijing Haochuang Ruitong Electric Equipment Co., Ltd. on the ChiNext board, ensuring compliance with relevant regulations and conducting thorough due diligence [1][6][12] - The issuer, Beijing Haochuang Ruitong Electric Equipment Co., Ltd., has a registered capital of 82.10 million yuan and was established on February 13, 2007, with its shares listed as of November 26, 2020 [3][4] - The IPO involves the issuance of 27.90 million shares, accounting for 25.36% of the total share capital post-issuance, with a par value of 1.00 yuan per share [3][4] Group 2 - The underwriting team includes representatives Su Haiqing and Liang Guochao, both of whom have extensive experience in investment banking and have participated in multiple IPO projects [2][3] - The internal review process of the underwriting institution includes several stages such as project initiation, internal verification, and committee reviews, ensuring a comprehensive assessment of the IPO application [5][6] - The issuer's financial health is indicated by its net assets of 233.58 million yuan, 322.86 million yuan, and 436.02 million yuan over the past three years, with a stable operating performance and a debt-to-asset ratio of 37.15% as of December 31, 2024 [14][15] Group 3 - The company operates in the smart distribution equipment sector, which is recognized as a strategic emerging industry, aligning with national policies promoting the development of smart power systems [24][23] - The company has developed key technologies such as fault location and self-healing technology for distribution networks, enhancing the intelligence and efficiency of power distribution systems [24][23] - The recent government guidelines emphasize the need for upgrading distribution networks and promoting smart technologies, which aligns with the company's strategic direction and product development [23][24]