洛轴股份闯关IPO 拟募资18亿元

Core Viewpoint - Luoyang Bearing Group Co., Ltd. (referred to as "Luoyang Bearings") is the largest comprehensive bearing manufacturing enterprise in China's bearing industry, and it is currently seeking to go public on the ChiNext board with a fundraising target of 1.8 billion yuan [2]. Group 1: Company Overview - Luoyang Bearings specializes in the research, production, and sales of bearings and related components, holding a leading position in high-end bearing research and development in China [2]. - The company has a history dating back to 1954 and was part of a key national construction project during the "First Five-Year Plan" [2]. - Luoyang Bearings has established the only national key laboratory in the bearing industry, demonstrating significant technological innovation capabilities [2]. Group 2: Product and Market Position - The product range of Luoyang Bearings exceeds 30,000 varieties, with sizes ranging from an inner diameter of 6mm to an outer diameter of 15m, widely used in major equipment, high-end equipment, and new energy vehicles [3]. - Major clients include leading enterprises such as China Railway Group, CRRC Corporation, BYD, and SANY Group, indicating a strong customer base and market influence [3]. - According to the China Bearing Industry Association, Luoyang Bearings ranked fourth in domestic bearing industry revenue from 2022 to 2024, with a significant focus on specialized bearings [3]. Group 3: Financial Performance - The company reported revenues of 4.441 billion yuan, 4.675 billion yuan, and 2.821 billion yuan for the years 2023, 2024, and the first half of 2025, respectively, with net profits of 231 million yuan, 251 million yuan, and 257 million yuan [4]. - Since implementing a mixed-ownership reform in 2022, Luoyang Bearings has benefited from optimized product structure, released downstream market demand, and improved operational efficiency [4]. Group 4: IPO and Future Plans - The IPO aims to raise 1.8 billion yuan for projects including the development of high-speed train bogie bearings, intelligent production of new energy bearings, and upgrading precision bearings for major technical equipment [4]. - The fundraising projects are aligned with the company's existing business needs and are expected to enhance its main business capabilities and sustainable development [4]. - The implementation of these projects will strengthen the company's competitive advantages in major equipment bearings and new energy vehicle bearings, while also supporting potential market expansions in high-speed train bearings and robotic bearings [4].