Venture(US:VEMLY) Sou Hu Cai Jing·2026-01-06 01:36Group 1 - The core point of the news is that Anhui Dachang Technology Co., Ltd. has had its IPO application accepted by the ChiNext board, with the underwriting by Bank of China International Securities Co., Ltd. [3] - Dachang Technology previously submitted an IPO application in June 2023, which was accepted by the Shenzhen Stock Exchange, but the application was voluntarily withdrawn in August 2024 after three rounds of inquiries [3] - The company faced regulatory scrutiny in August 2025, where it was found that there were issues with the disclosure of cash rebates to its largest customer and other financial control irregularities [3] Group 2 - Dachang Technology was established in March 2000 and specializes in the R&D, production, and sales of automotive parts and related tooling, with its main products being body structure assemblies and chassis components [5] - The company aims to raise 502 million yuan through the IPO, which will be used for projects including the construction of an intelligent automotive parts factory and production lines for chassis and body welding [5] - The company's revenue for the years 2022 to 2024 and the first nine months of 2025 were 816 million yuan, 1.255 billion yuan, 1.171 billion yuan, and 815 million yuan respectively, with net profits of 73.54 million yuan, 104 million yuan, 91.40 million yuan, and 58.02 million yuan [5] Group 3 - As of September 30, 2025, the total assets of Dachang Technology were 1.870 billion yuan, with total equity attributable to the parent company at 821.75 million yuan [6] - The company's asset-liability ratio was 67.04% as of September 30, 2025, indicating a significant increase from 55.52% in 2022 [6] - The revenue concentration is high, with sales to the top five customers accounting for 89.24% of the main business revenue, and sales to the largest customer representing 57.18% of the main business revenue [6]