江苏苏讯新材IPO获北交所受理，年入近30亿，开源证券保荐

Company Overview - Jiangsu Suxun New Materials Technology Co., Ltd. is located in Suqian, Jiangsu Province, focusing on the research, production, and sales of metal packaging materials, recognized as a high-tech enterprise and a "little giant" by the Ministry of Industry and Information Technology [2] - The company plans to raise 474 million yuan through its IPO application accepted by the Beijing Stock Exchange [1] Financial Performance - From 2022 to the first half of 2025, the company's operating revenue was 2.239 billion yuan, 2.415 billion yuan, 2.982 billion yuan, and 1.556 billion yuan respectively, while net profits were 269 million yuan, 146 million yuan, 218 million yuan, and 143 million yuan [3] - As of June 30, 2025, total assets amounted to approximately 1.978 billion yuan, with total equity of about 1.072 billion yuan [4][5] Revenue Breakdown - For the first half of 2025, the revenue breakdown by product was as follows: - Chrome-plated sheets: 53.54% - Tin-plated sheets: 29.56% - Stainless steel sheets: 5.99% - Steel-plastic composite sheets: 6.23% - Other products: 4.68% [6][7] Profitability Metrics - The gross profit margin for the first half of 2025 was 14.69%, with specific margins for products as follows: - Chrome-plated sheets: 15.83% - Tin-plated sheets: 12.95% - Stainless steel sheets: 22.04% - Steel-plastic composite sheets: 19.86% - Other products: -3.63% [8] Customer and Supplier Relationships - The top five customers accounted for 29.93% of total sales in 2022, with the largest customer contributing 10.85% [10] - The top five suppliers represented 95.33% of total outsourcing processing costs in the first half of 2025, with the largest supplier accounting for 27.56% [11][12] Competitive Landscape - The company competes with several notable firms in the metal packaging materials sector, with a focus on domestic and international markets, particularly in East Asia and Southeast Asia [13][14] - Suxun New Materials has established itself as a significant player in the industry, with a strong emphasis on product quality and customer relationships [13]