Quan Jing Wang·2025-11-07 14:23Core Viewpoint - Chongqing Zhixin Industrial Co., Ltd. has received approval for its initial public offering (IPO) on the Shanghai Stock Exchange, marking a significant milestone for the company [1][3]. Company Overview - Zhixin Co. specializes in the research, development, and production of automotive stamping parts and related molds, with products including cold-stamped parts, hot-formed parts, and welded assemblies [3]. - The company serves major automotive manufacturers such as Changan Automobile, Geely, and NIO, as well as various component suppliers [3]. Financial Performance - From 2022 to 2024, the company's revenue is projected to grow from 2.091 billion yuan to 3.088 billion yuan, reflecting a compound annual growth rate (CAGR) of 21.52% [3]. - During the same period, the net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to increase from 52.25 million yuan to 185 million yuan, with a remarkable CAGR of 88.02% [3]. IPO Fundraising and Utilization - The company plans to raise 1.329 billion yuan through the IPO, with 300 million yuan allocated for working capital and the remaining 1.029 billion yuan dedicated to expanding production capacity and technological upgrades at its facilities in Chongqing, Ningbo, and Anhui [3][4]. - The investment projects are designed to enhance the company's core business capabilities and support sustainable development [4].