新涛智控北交所IPO获受理 精密温控节能业务打开成长空间

Core Viewpoint - Zhejiang Xintao Intelligent Control Technology Co., Ltd. has received approval for its IPO application to publicly issue shares and list on the Beijing Stock Exchange, marking a significant step into the capital market for this specialized enterprise in precision fluid control [2]. Group 1: Company Overview - Xintao Intelligent Control focuses on the research, production, and sales of core control components for gas appliances and precision temperature control energy-saving products for data centers [2]. - Since its establishment in 2003, the company has developed a mature process system and stable customer base in the core control components of gas appliances, primarily producing gas appliance valve assemblies [2]. - In 2018, the company expanded into the precision temperature control energy-saving product sector, developing products like closed refrigerant pumps, leveraging its existing manufacturing capabilities and quality control systems [2][3]. Group 2: Financial and R&D Investment - The company has maintained a high level of R&D investment, with expenses of 19.57 million yuan, 19.70 million yuan, and 21.04 million yuan from 2022 to 2024, maintaining a stable R&D expense ratio of around 5% [3]. - For the first half of 2025, R&D expenses amounted to 9.83 million yuan, accounting for 5.64% of operating income [3]. - The funds raised from the IPO will primarily be used for projects related to the company's core business and technology, enhancing R&D and production capabilities for both precision temperature control energy-saving products and core control components for gas appliances [3]. Group 3: Industry Position and Future Outlook - Industry experts believe that manufacturing enterprises with clear main businesses, stable industrial foundations, and continuous innovation capabilities are likely to enhance their R&D capabilities and scale through the capital market [4]. - Xintao Intelligent Control aims to optimize its product structure and expand application scenarios while consolidating its traditional business, further enhancing the scale and technical content of its precision temperature control energy-saving products [4].