再度闯关IPO！绿控传动转战创业板，员工人数上半年骤增

Core Viewpoint - Suzhou Green Control Transmission Technology Co., Ltd. (referred to as "Green Control Transmission") is making a second attempt to go public on the ChiNext board after previously withdrawing its IPO application for the Sci-Tech Innovation Board over two years ago. The company aims to raise approximately 1.58 billion yuan for its projects and has shown steady growth in its financial performance, with a projected net profit turnaround in 2024 [1][4][5]. Group 1: IPO Details - Green Control Transmission's IPO application was accepted by the Shenzhen Stock Exchange on December 16, 2025, marking its second attempt to list after a previous attempt on the Sci-Tech Innovation Board in late 2022 [1][4]. - The company plans to raise around 1.58 billion yuan, with net proceeds intended for the production of 100,000 sets of new energy medium and heavy commercial vehicle drive systems and the establishment of a research and development center [4][5]. - Compared to its previous IPO attempt, the fundraising target has increased from 1.072 billion yuan to 1.58 billion yuan, and some of the investment projects have been modified [4]. Group 2: Financial Performance - Green Control Transmission has shown steady revenue growth from 2022 to 2024, with revenues of approximately 712 million yuan, 770 million yuan, and 1.328 billion yuan, respectively. The net profit is expected to turn positive in 2024, with figures of -99.43 million yuan, -12.33 million yuan, and 48.04 million yuan for the same years [5]. - In the first half of the current year, the company reported revenues of about 1.219 billion yuan and a net profit of approximately 68.30 million yuan [5]. Group 3: Employee Growth - The company experienced a significant increase in employee numbers, doubling from 643 at the end of 2024 to 1,397 by mid-2025. This growth is seen as justifiable if it aligns with production and R&D roles [6]. - The distribution of employees by role shows that manufacturing positions account for approximately 66.64%, with management, R&D, and sales making up the remainder [6]. Group 4: Shareholder Information - SANY Heavy Industry holds a 1.89% stake in Green Control Transmission before the IPO, which will be diluted to 1.51% post-issuance. SANY Group has been one of the company's top clients, contributing significant sales revenue over the years [7]. - The controlling shareholder and actual controller of Green Control Transmission is Li Lei, who holds a total of 43.64% of the company's shares, both directly and indirectly [7].