Zhong Guo Jing Ji Wang·2025-09-13 08:38Group 1 - The Beijing Stock Exchange's listing committee approved Yatu High-tech Materials Co., Ltd. for IPO, marking the 50th company approved this year [1] - Yatu High-tech is a high-tech enterprise engaged in the R&D, production, and sales of high-performance industrial coatings [1] - The company is controlled by He Li Investment, which holds 43.02% of the shares, with two brothers, Feng Zhaojun and Feng Zhaohua, collectively controlling 96.50% of the shares [1] Group 2 - Yatu High-tech plans to publicly issue up to 26,592,798 shares, with a potential additional 15% through an over-allotment option, totaling a maximum of 30,581,717 shares [2] - The company aims to raise 431 million yuan for projects including the construction of a water-based paint intelligent production line and the upgrade of its R&D center [2] Group 3 - The review meeting raised inquiries regarding the authenticity of revenue and sustainability of performance growth, particularly concerning overseas business income and the operational scale of certain downstream customers [4] - The underwriters are required to expand the verification scope of important sales personnel's financial transactions to ensure there are no unusual fund flows with clients and suppliers [3]