IPO雷达｜母子俩持股超80%！佳宏新材改道北交所，曾发生安全事故致1人死亡

Core Viewpoint - Wuhu Jiahong New Materials Co., Ltd. has had its IPO application accepted by the Beijing Stock Exchange, with Dongwu Securities as the sponsor, indicating a significant step towards public listing and potential capital raising for the company [1] Financial Performance - The company reported revenues of 355 million yuan, 348 million yuan, 401 million yuan, and 292 million yuan for the years 2022 to 2024 and the first three quarters of 2025, respectively [1] - Net profits for the same periods were 76.98 million yuan, 72.18 million yuan, 66.89 million yuan, and 44.51 million yuan [1] - The total assets as of September 30, 2025, were approximately 707.38 million yuan, with total equity of about 587.25 million yuan [2] - The company's gross profit margin was reported at 43.95% for the first three quarters of 2025 [2] Market Presence - Jiahong New Materials specializes in thermal management and optical communication products, with applications in various industries including oil and gas, chemicals, power, marine, semiconductors, rail transportation, and new energy vehicles [1] - The company has a significant international market presence, with over 60% of its main business revenue coming from overseas sales, primarily in Europe and North America [2] Ownership Structure - The company is primarily controlled by Xu Chunan, who holds 73.96% of the shares, and his mother, Wang Jianjun, who holds 7.92%, together controlling 81.88% of the company [3] - Xu Chunan serves as the chairman and general manager, while Wang Jianjun is a board member, indicating a concentrated ownership structure that may influence company decisions [3] Previous IPO Attempt - Jiahong New Materials previously attempted to list on the ChiNext board in June 2022 but withdrew its application in December 2024 after receiving approval in April 2023 [4][6] Safety and Compliance Issues - The company faced a production safety incident in October 2024, resulting in one fatality, leading to a fine of 520,000 yuan from the local emergency management bureau for failing to conduct regular safety checks [6][7] - The general manager and the safety officer were held responsible for the incident and fined 260,000 yuan and 154,000 yuan, respectively [7]