鸿特科技就配股事项回复深交所问询 控制权稳定性等问题逐一回应

Core Viewpoint - Guangdong Hongte Technology Co., Ltd. has responded to the Shenzhen Stock Exchange's inquiry regarding its share placement to existing shareholders, addressing eight key concerns including control stability, project feasibility, customer and supplier reliance, and financial data authenticity [1][2]. Group 1: Control Stability - The company confirmed the stability of its control, with Guangdong Baibanghe Industrial Investment Co., Ltd. becoming the new controlling shareholder after acquiring 25.10% of the shares through judicial auction [2]. - Lu Yuxuan is identified as the actual controller, holding 70% of Guangdong Baibanghe's shares, while his father, Lu Chulun, does not hold shares in either the company or Guangdong Baibanghe, thus not affecting control recognition [2][3]. - Guangdong Baibanghe has pledged 50% of its shares for acquisition loan guarantees, but this is not expected to impact control stability due to strict conditions and the family's financial strength [3]. Group 2: Fundraising Projects - The company plans to raise up to 65 million yuan for several projects, including a Thai automotive parts production base, a technical transformation project in Zhaoqing, a headquarters R&D center, and working capital [4]. - The Thai production base is the core project, with a total investment of 40.83 million yuan, expected to generate annual sales of 55.79 million yuan and a gross profit margin of 17.52% upon reaching full capacity [4]. - The Zhaoqing project aims to replace outdated equipment with advanced technology, while the R&D center will address space and equipment issues, enhancing the company's capabilities in new energy vehicle components [5]. Group 3: Customer and Supplier Concentration - The company has a high customer concentration, with the top five customers accounting for over 55% of sales, primarily consisting of major international firms like Ford and Stellantis [6][7]. - Despite the high concentration, the company maintains stable long-term relationships with these clients, reducing the risk of significant customer loss [7]. - Supplier concentration is also notable, with a significant portion of purchases from related companies, but the company emphasizes fair pricing and the ability to switch suppliers easily, mitigating dependency risks [7]. Group 4: Financial Data Authenticity - The company reported that over 50% of its revenue comes from exports, with good alignment between foreign sales revenue and customs data [8]. - The gross margin for new energy die-casting parts has been declining, attributed to underutilization of new equipment and increased domestic sales, with a warning of potential further declines if competition intensifies [8]. - The company has established a comprehensive foreign exchange risk management mechanism, with exchange gains reported for the years 2022 to 2024 [8]. Group 5: Overall Impact - The completion of the share placement is expected to optimize the company's capital structure, enhance overseas production capacity, and strengthen its core competitiveness [9]. - The sponsoring institution, Huajin Securities, believes the company's responses to the inquiry are accurate and complete, indicating no significant uncertainties regarding the share placement [9].