恒兴股份IPO内控运行有效性被问询，实控人李皞丹等关联方存大额资金拆解

Core Viewpoint - Hunan Hengxing New Materials Technology Co., Ltd. is undergoing a second round of inquiries regarding its financial internal control and the effectiveness of its rectifications, as disclosed by the Beijing Stock Exchange [1] Company Overview - Established in 1996, Hengxing specializes in the research, production, and sales of UV curing coatings and PUR hot melt adhesives, with products applicable to various substrates including plastics, flooring, wood, metal, paper, and ceramics [1] Shareholding Structure - Li Haodan directly holds 16.99 million shares, accounting for 27.01% of the total share capital, and indirectly controls 35.10 million shares through Xiangheng Enterprise, totaling 55.79% of the share capital, thus controlling 82.81% of the voting rights [3] Related Party Transactions - The Beijing Stock Exchange has requested Hengxing to provide detailed explanations regarding the background and purpose of related party fund borrowings, as well as the rationale for not accruing interest on certain borrowings [4] - The company has engaged in multiple related party borrowings, with amounts and terms varying, primarily for operational needs and temporary cash flow support [6] Financial Management Issues - In 2019, due to tight cash flow, Li Haodan and other related parties borrowed funds totaling 126.00 million, 96.25 million, and 40.00 million for operational support, which were gradually repaid between 2022 and 2023 [6] - A loan of 3 million was obtained through Li Haodan from a bank for operational needs, which was repaid in June 2022, and the funds were used to pay suppliers [7] Compliance and Rectification - The company acknowledges that there were instances of fund occupation by related parties, primarily due to insufficient compliance awareness at the time, but asserts that these were not intentional or malicious actions [8] - The company has strengthened its compliance awareness, and the issues related to fund occupation were rectified by October 2022 [8]