CSCEC(SH:601668) Sou Hu Cai Jing·2026-01-08 12:12Core Viewpoint - Ningbo Huizhixing New Material Technology Co., Ltd. has initiated the IPO guidance filing with the Ningbo Securities Regulatory Bureau, aiming for a listing on the Beijing Stock Exchange, with Kaiyuan Securities as the advisory institution [2] Company Overview - Huizhixing was established in October 2012 and specializes in high aesthetic requirement coating functional films, which are core materials for display modules in electronic products such as smartphones, computers, and televisions [2] - The actual controller and largest shareholder of the company is Dong Hongxing, who directly holds 17.09% of the shares and indirectly controls an additional 12.14% through Ningbo Hongzhixing Investment Management Partnership, totaling 29.23% [2] Financial Performance - The projected operating revenues for 2023, 2024, and the first half of 2025 are approximately CNY 261.90 million, CNY 330.53 million, and CNY 213.90 million respectively [4] - The net profit attributable to the parent company for the same periods is expected to be CNY -17.39 million, CNY 21.45 million, and CNY 29.38 million [4] - The gross profit margins are projected to improve from 11.76% in 2023 to 30.14% in the first half of 2025 [4] - Earnings per share are forecasted to change from CNY -0.36 in 2023 to CNY 0.61 in the first half of 2025 [4] - The cash flow from operating activities is expected to shift from CNY -41.51 million in 2023 to CNY 78.49 million in the first half of 2025 [4]