2026年IPO第一审，过了！

Core Viewpoint - The company, Chenguang Electric, is planning an IPO to raise 399 million yuan for expanding its production capacity in high-speed motors, control systems, and battery packs, as well as for building a research and development center [2] Group 1: Company Overview - Chenguang Electric specializes in the research, production, and sales of micro-special motors, primarily used in cleaning appliances like vacuum cleaners [2] - The company has strong competitiveness in the micro-special motor segment of the cleaning appliance market, offering various types of motors including AC series motors, DC brushless motors, and DC brushed motors [2] - In addition to cleaning appliances, the company's products are also applied in power tools and other fields [2] Group 2: Market Position and Client Relationships - China is the largest producer of cleaning appliances globally, with significant industrial clusters in the Yangtze River Delta and Pearl River Delta regions [2] - The company has established long-term stable business relationships with numerous cleaning appliance manufacturers, including well-known brands such as Dyson, Shark, Whirlpool, and LG [2] - Recently, the company has expanded its client base to include emerging cleaning appliance companies like Roborock and Ecovacs, which are becoming important customers [2] Group 3: Technological and Industry Contributions - The company has received several honors, including being recognized as a national high-tech enterprise and a "little giant" enterprise in Zhejiang province [3] - It holds 77 patents, including 8 invention patents, covering key technologies such as integrated structure of DC brushless motors and noise control [3] - The company has contributed to the formulation of national standards for vacuum cleaner motors and small power electric motors, supporting the standardization of the industry [3] Group 4: Financial Performance - The company's revenue for 2022, 2023, and 2024 is projected to be 495 million yuan, 712 million yuan, and 827 million yuan, respectively, with a compound annual growth rate of 29.23% [3] - Net profits for the same years are expected to be 58.27 million yuan, 99.33 million yuan, and 78.63 million yuan [3] - In the first half of 2025, the company achieved a revenue of 437 million yuan, representing a year-on-year growth of 23.47%, with a net profit of 43.24 million yuan, up 52.36% year-on-year [3]