通领科技北交所IPO过会,原第一大股东离场

Core Viewpoint - Tongling Technology has faced ongoing challenges regarding its actual control and governance structure, which have hindered its IPO attempts over the years [1][2][3]. Group 1: Company Background and IPO Attempts - Tongling Technology was listed on the New Third Board in November 2015 and has made multiple attempts to go public, including submissions to the Shanghai Stock Exchange and Shenzhen Stock Exchange, all of which were unsuccessful until its recent submission to the Beijing Stock Exchange in June 2024 [1]. - The company has been struggling with issues related to the identification of its actual controller, which has been a significant concern for regulators and investors [2][3]. Group 2: Shareholding Structure and Control Issues - The actual controllers of Tongling Technology are identified as Xiang Chunchao, Xiang Jianwu, and Xiang Jianwen, who collectively hold 30.73% of the shares. Xiang Chunchao, along with 23 other shareholders, has formed a concerted action group controlling 75.88% of the voting rights [2][3]. - The transfer of shares from the founding shareholder Jiang Desheng to Xiang Chunchao and his family members has raised questions about the company's governance and control, particularly regarding the alignment of interests among major shareholders [3][4]. Group 3: Financial Performance - Tongling Technology's main business involves the research, production, and sales of automotive interior components, with significant clients including major automotive manufacturers such as Volkswagen and BYD [6]. - The company reported revenues of 8.92 billion yuan in 2022, 10.13 billion yuan in 2023, and projected 10.66 billion yuan for 2024, with net profits of 645.64 million yuan, 1.12 billion yuan, and 1.31 billion yuan respectively. The compound annual growth rate of net profit from 2022 to 2024 is 43.38% [6].