Core Viewpoint - The article highlights that Chaoying Electronics Circuit Co., Ltd. has received approval for its IPO application from the Shanghai Stock Exchange, indicating a positive outlook for the company's future growth and market entry [1]. Group 1: Company Overview - Chaoying Electronics specializes in the research, production, and sales of printed circuit boards [4]. - The company was established in November 2015 and transitioned to a joint-stock company in December 2022, with a total share capital of 384,529,321 shares before the issuance [4]. - As of the end of 2024, the company employs a total of 5,581 people [4]. Group 2: Financial Performance - The company's revenue for the reporting period was 3,514.16 million yuan, 3,656.25 million yuan, and 4,123.62 million yuan, showing a growth trend [6]. - The net profit attributable to the parent company for the same period was 75.12 million yuan, 256.13 million yuan, and 260.60 million yuan, indicating significant profit growth [6]. Group 3: Shareholding Structure - The direct controlling shareholder of the company is Dynamic Holding, which holds 97.85% of the shares. Dynamic Holding is a wholly-owned subsidiary of WINTEK (MAURITIUS), which is in turn a wholly-owned subsidiary of Dingying Electronics [5]. - Dingying Electronics is a wholly-owned subsidiary of Dingying Investment Holdings, which does not have a single controlling shareholder due to the dispersed shareholding structure [5]. Group 4: Key Issues Raised During Listing Committee Inquiry - The company was asked to explain the necessity of selling through overseas subsidiaries, the reasons for price differentials, and the effectiveness of internal controls related to overseas fund management [7]. - The inquiry also focused on the high proportion of external sales revenue and customer concentration, requesting an analysis of the impact of trends in the domestic and international electric vehicle industry on the company's revenue and profit sustainability [8]. - The company was questioned about the trends in gross profit margin and whether these trends would adversely affect its ongoing operations [9]. - Additionally, the inquiry addressed the company's debt structure, asset pledges, capital expenditure needs, and cash flow from operating activities to assess the reasonableness and stability of its debt scale [10].
IPO审1过1
梧桐树下V·2025-07-10 10:08