华汇智能北交所过会，东莞即将迎来第65家上市公司

Core Viewpoint - Guangdong Huahui Intelligent Equipment Co., Ltd. has received approval for its IPO application from the Beijing Stock Exchange, marking it as the first listed company in Zhongtang Town and the 65th listed company in Dongguan [1]. Company Overview - Huahui Intelligent is a high-tech enterprise specializing in the research, design, production, and sales of high-end intelligent equipment and key components, aiming to become a world-class intelligent equipment manufacturer [4]. - The company has developed a product system over 15 years, including precision mechanical components, lithium battery intelligent equipment, and CNC machine tools [4][5]. IPO Details - The company plans to publicly issue up to 17,000,020 shares, or up to 19,550,023 shares if the overallotment option is fully exercised, with the total fundraising amount set at 344.42 million yuan [2][3]. - The funds will primarily be used for the Dongguan Huahui New Energy Intelligent Equipment R&D and production project, with the total project investment amounting to 459.12 million yuan [3]. Financial Performance - For the year 2025, the company reported a revenue of 615.6 million yuan, representing a year-on-year increase of 44.32%, and a net profit of 80.38 million yuan, up 28.36% year-on-year [3]. - The company has a high customer concentration risk, with the top five customers accounting for over 96% of total revenue in recent periods [3]. Customer Performance - The main customer, Hunan Yuno, has experienced a decline in performance in 2023 and 2024, which could adversely affect Huahui Intelligent's business if not addressed [4]. - Other major customers, such as Wanrun New Energy, have also reported losses in recent years [4]. Market Context - Dongguan's capital market has seen significant growth, with the number of A-share listed companies increasing from 36 in 2021 to 64 in 2025, and the total market value rising from 300 billion yuan to 800 billion yuan [5].