刚刚！IPO审1过1！9年3次冲击IPO

Core Viewpoint - Changsha Zuxing New Materials Co., Ltd. has received approval for its IPO application from the Beijing Stock Exchange, marking its third attempt to go public since 2016 [1][12]. Group 1: Company Overview - The company focuses on the research and development of aluminum pigments and fine spherical aluminum powder, which are categorized under non-ferrous metal functional powder materials in the new materials industry [3][4]. - The company was established in July 2007 and transitioned to a joint-stock company in June 2011. It was listed on the National Equities Exchange and Quotations (NEEQ) in July 2024 [4][14]. - As of June 2025, the company has a total of 603 employees and operates four wholly-owned subsidiaries and one branch [4][14]. Group 2: Shareholding Structure - The controlling shareholder and actual controller of the company is Mr. Liang Xiaobin, who holds 50,577,500 shares, accounting for 52.14% of the total share capital [5][15]. - Mr. Liang has been serving as the chairman and general manager for the past two years, significantly influencing the company's operational decisions [5][15]. Group 3: Financial Performance - The company's revenue for the reporting periods was as follows: CNY 629.41 million in 2022, CNY 689.65 million in 2023, CNY 707.09 million in 2024, and CNY 362.57 million for the first half of 2025 [6][16]. - The net profit attributable to the parent company for the same periods was CNY 51.78 million in 2022, CNY 86.74 million in 2023, CNY 58.72 million in 2024, and CNY 30.30 million for the first half of 2025 [6][16]. - The company reported a total asset value of CNY 956.98 million as of June 30, 2025, with total equity of CNY 799.94 million [7][16]. Group 4: IPO Attempts - The company has made three attempts to go public: the first in April 2016, which was withdrawn before the review; the second in July 2020, which was also withdrawn; and the third attempt in March 2025, which shifted its focus from the ChiNext to the Beijing Stock Exchange [4][14]. Group 5: Listing Standards - The company aims to meet the listing standards set by the Beijing Stock Exchange, which require an expected market value of no less than CNY 200 million, net profits of at least CNY 15 million in the last two years, and an average return on equity of no less than 8% [8][17].