LY iTECH(SZ:002600) Sou Hu Cai Jing·2025-11-21 08:45Core Insights - Guangdong Lingyi Intelligent Manufacturing Co., Ltd. (Lingyi Intelligent Manufacturing) has submitted its prospectus to the Hong Kong Stock Exchange, with Guotai Junan Securities as its sole sponsor [2] - The company is positioned as an AI hardware intelligent manufacturing platform, providing comprehensive smart manufacturing services and solutions globally [2] - Lingyi Intelligent Manufacturing ranks first in the global market for high-precision components for AI terminal devices and third in the high-precision intelligent manufacturing platform sector [2] Financial Performance - Revenue for Lingyi Intelligent Manufacturing from 2022 to 2024 is projected to be 34.503 billion yuan, 34.154 billion yuan, and 44.260 billion yuan respectively, with net profits of 1.56 billion yuan, 2.014 billion yuan, and 1.761 billion yuan [2][3] - For the first three quarters of 2025, the company reported revenue of 37.590 billion yuan, a year-on-year increase of 19.25%, and a profit of 1.966 billion yuan, up 39.64% [2][3] Cost Structure - The cost of sales as a percentage of revenue has been relatively stable, with 80.2% in 2022, 81.3% in 2023, and projected at 85.6% in 2024 [3] - Gross profit margins have shown slight fluctuations, with 19.8% in 2022, 18.7% in 2023, and an estimated 14.4% in 2024 [3] Leadership and Ownership - The company is led by Zeng Fangqin, who has extensive experience in enterprise management and intelligent manufacturing, having founded Lingyi Technology in 2012 [4] - Zeng Fangqin and Ling Sheng Investment hold approximately 58.64% of the company's issued share capital, making them the controlling shareholders [3] Recognition - Zeng Fangqin was ranked sixth on the 2025 Hurun Richest Women in China list, with a wealth of 69.5 billion yuan, making her the second richest woman in Shenzhen [5][6][7]