耀坤液压深交所IPO提交注册 拟募资8.0862亿元

Core Viewpoint - Jiangsu Yaokun Hydraulic Co., Ltd. has applied for IPO review status change to "submitted for registration" on the Shenzhen Stock Exchange, aiming to raise 808.62 million yuan [1] Company Overview - Yaokun Hydraulic specializes in the R&D, production, and sales of hydraulic components and parts, with main products including oil tanks, hard pipes, and metal fittings, primarily used in excavators and other engineering machinery [1][2] - The company has established a strong brand and competitive advantage through years of independent innovation and has built a complete product system in the hydraulic component sector [1][2] Market Position - The hydraulic industry in China has developed rapidly over the past 60 years, with over 1,000 domestic hydraulic enterprises, but most are small-scale, leading to low industry concentration and overall competitiveness [2] - Yaokun Hydraulic has successfully entered the supply chain of major global engineering machinery manufacturers, establishing long-term partnerships with companies like Caterpillar, Komatsu, and Volvo [2] Industry Performance - According to the China Engineering Machinery Industry Association, Yaokun Hydraulic's oil tanks and hydraulic hard pipes ranked among the top three in market share in the Chinese engineering machinery market from 2022 to 2024 [3] - The company is recognized for its comprehensive strength in the hydraulic industry, ranking among the top ten in terms of product revenue from 2022 to 2024 [3] Financial Overview - The company plans to invest the raised funds into several projects, including a hydraulic components production project with a total investment of 658.6185 million yuan and a research and development center [4] - Financial performance shows a decline in revenue from 707 million yuan in 2022 to an expected 365 million yuan by June 30, 2025, with net profit also decreasing from 142 million yuan in 2022 to an expected 67.45 million yuan [4] - Total assets are projected to grow from 992.55 million yuan in 2022 to approximately 1.30094 billion yuan by June 30, 2025, while the debt-to-asset ratio is expected to improve from 19.40% in 2022 to 11.59% by mid-2025 [5]