Sou Hu Cai Jing·2025-12-08 08:27Core Viewpoint - Meiya Technology is set to hold its IPO meeting on December 12, 2023, under the sponsorship of GF Securities [1] Group 1: Company Overview - Meiya Technology is a comprehensive solution provider for the travel industry, with three main business segments: Meiya Air Travel, Meiya Business Travel, and Meiya Travel, offering digital travel services covering ticketing, business travel management, and incentive travel [3] - The company reported revenues of 457 million yuan in 2022, with projections of 354 million yuan in 2023, 401 million yuan in 2024, and 183 million yuan for the first half of 2025 [3] Group 2: Financial Performance - The total assets of Meiya Technology are projected to reach approximately 1.18 billion yuan by June 30, 2025, up from 762.61 million yuan in 2022 [4] - The net profit attributable to the parent company is expected to increase from 40.33 million yuan in 2022 to 77.40 million yuan in 2024, with a forecast of 36.28 million yuan for the first half of 2025 [4] - The company’s gross profit margin is projected to be 55.47% in the first half of 2025, compared to 32.00% in 2022 [4] Group 3: Shareholding Structure - The shareholding structure of Meiya Technology is dispersed, with no single shareholder holding more than 50% of the shares, thus no controlling shareholder exists [6] - The actual controllers of the company include Wu Junxiong (30.13% ownership), Chen Peigang (23.01%), Chen Lianjiang (6.02%), and Cai Jiewen (3.77%), collectively controlling 66.29% of the voting rights [5][6] - Wu Junxiong and Chen Lianjiang are married, as are Chen Peigang and Cai Jiewen, indicating familial ties among the major shareholders [5][6] Group 4: Governance Agreements - To ensure long-term stability and control, the actual controllers signed a joint action agreement in January 2017, which was extended in November 2024 for an additional 15 years [7] - The agreement stipulates that the parties must jointly exercise their shareholder rights and communicate effectively to reach consensus on shareholder meeting decisions [7]