拟北交所上市！青岛这家专精特新“小巨人”企业启动IPO辅导

Core Viewpoint - Qingdao Ruhai Shipbuilding Co., Ltd. has officially completed its IPO counseling registration, with Kaiyuan Securities Co., Ltd. as its counseling institution, aiming for listing on the Beijing Stock Exchange [1][3]. Group 1: Company Overview - Ruhai Shipbuilding was established in April 2005 with a registered capital of 26 million yuan, focusing on providing marine technology services, technical solutions, and ship-related products. It has been recognized as a national "specialized, refined, distinctive, and innovative" small giant and a national technology-based small and medium-sized enterprise [2][4]. - The company's main business includes engineering technical services, smart ship products and solutions, and green ship design and modification solutions, serving over 4,500 enterprises including Evergreen Marine Corp., Orient Overseas (International) Ltd., and CMA CGM Group [4]. Group 2: Shareholding Structure - The controlling shareholder of Ruhai Shipbuilding is Li Wenkong, who directly holds 19.7 million shares, accounting for 75.77% of the total share capital. He also controls an additional 10.55% of the voting rights through partnerships, totaling 86.32% of the voting rights [3]. Group 3: Financial Performance - The company has shown stable revenue growth in recent years, achieving operating revenues of 215.64 million yuan in 2023, 270.41 million yuan in 2024, and 126.40 million yuan in the first five months of 2025. The net profit attributable to the parent company was 20.21 million yuan, 22.17 million yuan, and 9.10 million yuan for the same periods, respectively [4]. Group 4: IPO Counseling Process - The counseling process for the IPO will be conducted in four phases: from December 2025 to August 2026, focusing on regulatory knowledge and governance structure; from September 2026 to January 2027, improving internal control mechanisms; from February 2027 to May 2027, providing targeted counseling and training; and concluding with a summary and acceptance in June 2027 [3]. Group 5: Accounts Receivable Risk - Ruhai Shipbuilding has a high proportion of accounts receivable, with balances of 88.85 million yuan, 110.04 million yuan, and 109.60 million yuan at the end of 2023, 2024, and the first five months of 2025, respectively. These amounts represent 41.20%, 40.69%, and 86.71% of the operating revenue for those periods [5].