“史上最牛基金经理”操盘，璞泰来分拆嘉拓智能上市欲改道北交所

Core Viewpoint - The article discusses the strategic move by Putailai to spin off its subsidiary, Jiatao Intelligent, for a public listing, marking the third capital maneuver by Liang Feng in the A-share market [2][29]. Group 1: Spin-off and Listing Plans - Putailai announced on November 21, 2025, that Jiatao Intelligent received approval to publicly transfer its shares and list on the New Third Board, which is a preparatory step for a future listing on the Beijing Stock Exchange [2][3]. - The decision to list on the Beijing Stock Exchange was influenced by the regulatory environment and strategic adjustments, as the original plan was to list on the Shanghai Stock Exchange [3][9]. - Jiatao Intelligent, established in 2017, focuses on the research, production, and sales of lithium battery manufacturing equipment, with Putailai holding 71.54% of its shares [3][4]. Group 2: Financial Performance and Market Position - Jiatao Intelligent reported revenues of 3.74 billion and 3.65 billion in 2023 and 2024, respectively, with corresponding net profits of 150 million and 165 million, meeting the minimum profit requirement for a main board IPO [12]. - However, compared to industry leaders like XianDao Intelligent and Yinghe Technology, which reported revenues of 12.64 billion and 6.14 billion in 2023, Jiatao Intelligent still has a significant gap to close [12]. Group 3: Liang Feng's Background and Influence - Liang Feng, the actual controller of Putailai, has a notable background as a former fund manager and has been recognized as one of the most successful fund managers in the industry [13][25]. - His experience in capital operations and investment is seen as a key factor in the successful growth of Putailai and the strategic spin-off of Jiatao Intelligent [28][29]. - Liang Feng's previous ventures and his control over multiple companies highlight his significant influence in the A-share market [30][32].