二闯IPO!大昌科技更换保荐机构,近半营收依赖奇瑞汽车

Group 1 - Anhui Dachang Technology Co., Ltd. has re-applied for an IPO on the ChiNext board after withdrawing its previous application over a year ago, with the application recently accepted by the Shenzhen Stock Exchange [1][3] - The company primarily engages in the research, production, and sales of automotive parts and related tooling, with major products including body structure assemblies and chassis components [3] - The company's largest customer, Chery Automobile, contributes nearly 50% of its revenue, highlighting a significant customer concentration risk [1][3][4] Group 2 - Financial performance shows fluctuations, with revenues of approximately 816 million yuan, 1.255 billion yuan, and 1.171 billion yuan from 2022 to 2024, and a net profit of about 73.54 million yuan, 104 million yuan, and 91.40 million yuan for the same periods [3] - For the first three quarters of 2025, the company reported revenues of approximately 815 million yuan and a net profit of about 58.02 million yuan [3] - The company has a high customer concentration, with sales to the top five customers accounting for 89.24%, 88.9%, 87.33%, and 80.71% of total revenue in the respective reporting periods [3][4] Group 3 - The company plans to raise 502 million yuan in its current IPO application, an increase from the previous target of 374 million yuan, with proceeds allocated to various projects including an intelligent factory and production line enhancements [5] - The company has changed its sponsor from Guoyuan Securities to Zhongyin International Securities for this IPO, following regulatory scrutiny of the previous sponsors [5][6] - The company’s major receivables are concentrated among a few clients, with accounts receivable totaling approximately 445 million yuan, 781 million yuan, 661 million yuan, and 640 million yuan at the end of the respective reporting periods [4][6]