华达通IPO：2个家族“组团”掌管实控权 持股比例低的陈氏家族拥有“话语权”

Core Viewpoint - Huada Gas Manufacturing Co., Ltd. (referred to as "Huada Gas") has responded to the first round of inquiry letters from the Beijing Stock Exchange, addressing issues related to operational stability, fair pricing of procurement, customer changes in specific sectors, risks of performance decline, and the rationale behind differences in gross profit margins across sales regions [2]. Group 1: Company Overview - Huada Gas was established in 2014 and primarily engages in the research, production, and sales of liquid carbon dioxide, dry ice, ammonia water, and high-purity hydrogen, as well as the sale of liquid ammonia [5]. - The company plans to raise 265 million yuan through its IPO, which will be used for the expansion of high-purity hydrogen production lines, the construction of a gas research and development center, and to supplement working capital [5]. - The company has five co-controlling shareholders, including Vice Chairman Xu Ming and his son Xu Yixiong, Chairman and President Chen Huanzhong and his children, with the Xu family holding 44.51% and the Chen family holding 37.59% of the shares [5]. Group 2: Management and Governance - In case of disagreements between the Xu and Chen families, Xu Ming's opinions will prevail on matters related to research technology, production processes, safety, environmental protection, and quality management, while Chen Huanzhong's opinions will prevail on other matters [5]. - Chen Huanzhong, born in 1968, holds a college degree and has been involved in various roles within the industry, including serving as the Vice President of the Guangdong Industrial Gas Industry Association since December 2019 [5]. - Xu Ming, aged 71, has a bachelor's degree and has held several engineering and managerial positions in the petrochemical industry since 1977, currently serving as the Chief Engineer of R&D at Huada Gas [6].