Group 1 - Jiangsu Zhongrun Photovoltaic Technology Co., Ltd. has submitted a new IPO application to the Hong Kong Stock Exchange after its previous attempt in March 2023 failed [1] - The company withdrew its A-share listing application in June 2024 due to financial losses and unfavorable market conditions, despite initially receiving approval in December 2023 [2] Group 2 - From 2022 to 2024, Zhongrun's revenue fluctuated significantly, with figures of 12.517 billion, 20.838 billion, and 11.320 billion yuan, respectively, while net profit showed even greater volatility, with 834 million, 1.681 billion, and a loss of 1.363 billion yuan [3] - The gross profit margin also exhibited instability, recorded at 11.8%, 13.6%, and -10.1% during the same period, primarily due to oversupply and price pressure in the photovoltaic industry [3] Group 3 - The company's ownership is highly concentrated, with the controlling shareholders, Long Daqiang and Meng Liye, holding a combined 50.64% of voting rights [4] - Long Daqiang directly holds 35.44% of shares, while Meng Liye holds 6.47%, and they control an additional 8.73% through various entities [4] - Historical disclosures indicate that the couple has previously cashed out over 1.1 billion yuan through equity transfers to repay debts, and Long Daqiang has been involved in the improper use of company funds totaling over 1.8 billion yuan for external investments and salary payments [4]
盈利能力波动剧烈 龙大强夫妇持股过半 中润光能再次闯关IPO
Jing Ji Guan Cha Bao·2025-09-16 14:45