高特电子冲刺创业板：64岁董事长徐剑虹控股46%，女儿徐雯任海外销售工程师

Core Viewpoint - Gaote Electronics is preparing for an IPO to raise 850 million yuan, primarily for the construction of an intelligent manufacturing center for energy storage battery management systems and to supplement working capital [3] Company Overview - Gaote Electronics, established in February 1998, focuses on the research, production, and sales of new energy storage battery management systems, with applications in large high-voltage energy storage power stations, commercial and residential energy storage [3] - The company also offers backup power BMS, power battery BMS, and related electrical testing services [3] Financial Performance - Projected revenues for Gaote Electronics from 2022 to the first half of 2025 are 346 million yuan, 779 million yuan, 919 million yuan, and 507 million yuan respectively [3] - Net profits for the same period are expected to be 53.75 million yuan, 88.23 million yuan, 98.42 million yuan, and 51.42 million yuan respectively [3] - The comprehensive gross margins are projected to be 28.53%, 26.56%, 26.02%, and 22.01% for the respective years [3] - The weighted average return on net assets is expected to decline from 64.4% in 2022 to 6.23% in the first half of 2025 [3] Capital Structure - As of the end of 2025, total assets are projected to reach approximately 137.4 million yuan, with equity attributable to the parent company at about 85.16 million yuan [4] - The debt-to-asset ratio is expected to improve from 61.64% in 2022 to 38.02% by mid-2025 [4] Shareholding Structure - The actual controller of the company, Xu Jianhong, holds 36.54% and 9.63% of the shares through Guiyuan Holdings and Wuer Investment, respectively, totaling 46.17% [4] - Xu Jianhong's daughter, Xu Wen, serves as an overseas sales engineer and holds an indirect stake of 1.02% [6]