江天科技过会：今年IPO过关第67家 国投证券过3单

Core Viewpoint - Suzhou Jiangtian Packaging Technology Co., Ltd. has been approved for listing on the Beijing Stock Exchange, marking it as the 67th company to pass the review this year, with a focus on label printing products and integrated solutions for customers [1][10]. Company Overview - Jiangtian Technology specializes in the research, production, and sales of label printing products, offering customized solutions for printing materials, colors, inks, and process design [1]. - The company's main products include film and paper-based self-adhesive labels, widely used in daily consumer sectors such as beverages, personal care products, food supplements, and petrochemical products [1]. Shareholding Structure - As of the signing date of the prospectus, Teng Qi holds 75.65% of the shares, making her the controlling shareholder, while Huang Yanguo holds 8.83% and is the executive partner of Jiangyue Consulting, which holds 4.22% [2]. - Together, Teng Qi and Huang Yanguo control 88.70% of the voting rights, with Teng serving as the chairperson and Huang as the director and general manager [2]. IPO Details - Jiangtian Technology plans to publicly issue up to 17,618,182 shares to unspecified qualified investors, with public shareholders expected to hold at least 25% of the total share capital post-issue [2]. - The total number of shares issued may increase to a maximum of 20,260,910 shares if the over-allotment option is exercised, which could add up to 2,642,728 shares [2]. - The company aims to raise approximately 530.72 million yuan for the construction of an intelligent production line for packaging printing products and a technology research and development center [2][3]. Investment Projects - The total investment for the intelligent production line project is 503.073 million yuan, while the technology research and development center project requires an investment of 27.6489 million yuan, summing up to a total of 530.7219 million yuan [3]. Review and Inquiry - The review committee raised inquiries regarding the sustainability and stability of the company's performance growth, requesting further clarification on customer relationships, competitive advantages, and pricing power [5].