拓璞数控冲刺港股IPO

Group 1 - The core viewpoint of the article is that Shanghai Topco CNC Technology Co., Ltd. has submitted an application for listing on the Hong Kong Stock Exchange, with Guotai Junan International and Jianyin International as joint sponsors [1] - Topco CNC specializes in high-end intelligent manufacturing equipment, primarily focusing on the research, design, production, and sales of five-axis CNC machine tools to meet the advanced manufacturing needs of the aerospace sector in China [1] - According to a report by Zhaoshang Consulting, Topco CNC is ranked first in the Chinese aerospace five-axis CNC machine tool market with a market share of 11.6% in 2024, and fifth among all suppliers in the Chinese five-axis CNC machine tool market with a market share of 4.3% [1] Group 2 - The market size for five-axis CNC machine tools is expected to grow from 10.8 billion RMB in 2024 to 27 billion RMB in 2029, with a compound annual growth rate (CAGR) of 20.1% [1] - Topco CNC has expanded its market presence into general industries, covering sectors such as automotive, energy, medical equipment, shipbuilding, machine tool equipment, and mold manufacturing [1] - The company generates revenue through the sale of aerospace intelligent manufacturing equipment, compact general market five-axis machine tools, large carbon fiber composite five-axis machine tools, and maintenance services [2] Group 3 - Financially, Topco CNC achieved revenues of approximately 136 million RMB, 335 million RMB, 532 million RMB, and 445 million RMB for the fiscal years 2022, 2023, 2024, and the first half of 2025, respectively [2] - The company reported a loss of 197 million RMB in 2022, which narrowed to 62 million RMB in 2023, turned profitable with a gain of 7 million RMB in 2024, and further increased to 94 million RMB in the first half of 2025 [2] - The prospectus indicates that due to factors such as product types, customer procurement cycles, and project execution, the distribution of annual revenue may not be uniform, and the full-year profitability for 2025 may not match the first half [2]