IPO审1过1

Core Viewpoint - Jiangyin Huaxin Precision Technology Co., Ltd. has received approval for its IPO application from the Shanghai Stock Exchange, focusing on the research, production, and sales of precision stamping products, particularly precision stamping iron cores and related molds [1]. Group 1: Basic Information - The company specializes in the research, production, and sales of precision stamping products, with its main products being various precision stamping iron cores and related molds [2]. - The company was established in August 2002 and transitioned to a joint-stock company in April 2016, with a total share capital of 131.225 million shares before the issuance [2]. - As of the end of 2024, the company employs a total of 975 people [2]. Group 2: Shareholding Structure - The controlling shareholder is Su Sheng Investment, which directly holds 55.78% of the company's shares and indirectly holds an additional 4.59% through its wholly-owned subsidiaries, totaling 60.37% [3]. - The actual controllers of the company are Guo Zhengping, Guo Yunrong, and Guo Wanrong, who collectively control 68.97% of the company's shares through Su Sheng Investment and its subsidiaries [3]. Group 3: Financial Performance - The company's operating revenues for the reporting period were 1,191.92 million yuan, 1,188.80 million yuan, and 1,420.53 million yuan, respectively [4]. - The net profit attributable to the parent company, excluding non-recurring gains and losses, was 105.06 million yuan, 155.63 million yuan, and 150.06 million yuan for the same periods [4]. Group 4: Key Questions from the Listing Committee - The company was asked to explain the stability of its future operating performance in relation to the competitive landscape of the new energy vehicle industry, the technological advantages of its products, and the trends in gross profit margins [5]. - The company was also questioned about the reasons for the rapid revenue growth from certain clients in the second half of 2024 and the expected decline in net profit despite maintaining high gross margins and continuous revenue growth [5]. - Additionally, the company was required to justify the rationale behind the fundraising project for the expansion of the iron core for electric vehicle drive motors, considering market demand and competition [5].