“家族”企业IPO 腾励传动二闯创业板

Core Viewpoint - The company, Tengli Transmission Technology Co., Ltd., is making a second attempt to go public on the ChiNext board after its previous IPO application was withdrawn. The company has recently received acceptance for its IPO application and plans to distribute significant dividends while raising funds for working capital [1][2]. Group 1: IPO Attempt - Tengli Transmission's IPO application was accepted on December 26, 2023, marking its second attempt after withdrawing its previous application on July 20, 2024, following three rounds of inquiries [2]. - The company was established in 2010 and specializes in the research, production, and sales of key components and assemblies for automotive transmission systems [2]. Group 2: Financial Performance - Financial data shows that Tengli Transmission's revenue for 2022, 2023, 2024, and the first half of 2025 is approximately CNY 510 million, CNY 606 million, CNY 619 million, and CNY 378 million, respectively. Corresponding net profits are approximately CNY 65.91 million, CNY 83.16 million, CNY 83.93 million, and CNY 48.32 million [2]. - The company plans to distribute dividends of approximately CNY 33.68 million, CNY 35.37 million, and CNY 19.37 million for the years 2023, 2024, and the first half of 2025, totaling CNY 88.42 million [2]. Group 3: Fundraising and Investment Plans - Tengli Transmission aims to raise approximately CNY 684 million, with plans to invest in the construction of a constant velocity axle and component production base, upgrading the automotive parts production base, and establishing a research and development center, in addition to supplementing working capital [3]. - Compared to its previous IPO attempt, the fundraising target has increased from CNY 429 million to CNY 684 million, and a new project for upgrading the automotive parts production base has been added [3]. Group 4: Ownership Structure - The company has a "family-style" IPO structure, with the actual controller, Fu Xiaoqing, holding 57.18% of the shares directly and controlling an additional 7.13% through a partnership, totaling 64.3% of the voting rights [4][5]. - Fu Xiaoqing's sister, Fu Xiaoyan, holds 10% of the shares directly and has an indirect stake of 1.78%, while her spouse, Jiang Nan, holds 15%, collectively controlling nearly 90% of the voting rights [5].