绿控传动二度IPO！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, with its IPO application accepted by the Shenzhen Stock Exchange on December 16. The company has shown steady growth in performance and is expected to turn a profit in 2024 [1][2][3]. Group 1: IPO Details - Green Control Transmission aims to raise approximately 1.58 billion yuan, with net proceeds intended for a project to produce 100,000 sets of electric drive systems for new energy commercial vehicles and for the construction of a research and development center [2][3]. - This is not the first attempt by Green Control Transmission to go public; the company previously sought to list on the Sci-Tech Innovation Board but withdrew its application in March 2023 after being accepted in December 2022 [2][3]. - Compared to its previous IPO attempt, the fundraising amount has increased from 1.072 billion yuan to 1.58 billion yuan, with changes made to some of the fundraising projects [2][3]. Group 2: Financial Performance - From 2022 to 2024, Green Control Transmission's revenue is projected to grow from approximately 712 million yuan to 1.328 billion yuan, with net profit turning from a loss of approximately 99.43 million yuan in 2022 to a profit of approximately 48.04 million yuan in 2024 [3][9]. - In the first half of 2023, the company reported revenue of approximately 1.219 billion yuan and a net profit of approximately 68.30 million yuan [3][9]. Group 3: Employee Growth - The number of employees at Green Control Transmission doubled in the first half of 2023, increasing from 643 to 1,397 [4][11]. - The distribution of employees by role shows that manufacturing positions account for approximately 66.64% of the workforce, while management, research and development, and sales positions account for 8.38%, 14.82%, and 10.16%, respectively [11]. Group 4: Shareholder Information - SANY Heavy Industry holds a stake of 1.89% before the issuance, which will be diluted to 1.51% after the IPO. SANY Group has been one of the company's top customers from 2022 to 2025, with sales revenue percentages of approximately 27.64%, 22.5%, 19.37%, and 14.38% [12]. - 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 [12].