刚刚！IPO审1过1！

Core Viewpoint - Hangzhou Mirui Technology Co., Ltd. has received approval for its IPO application from the Beijing Stock Exchange, indicating a positive outlook for the company's market entry and growth potential in the intelligent network camera and IoT video product sector [1][2]. Group 1: Company Overview - The company specializes in the research, design, production, and sales of intelligent network cameras and IoT video products, integrating hardware, software, cloud services, and AI [3]. - Founded in February 2017, the company transitioned to a joint-stock company in November 2020 and was listed on the National Equities Exchange and Quotations in May 2022 [3]. - As of June 2025, the company has a total of 53 employees and operates four wholly-owned subsidiaries [3]. Group 2: Shareholding Structure - Yuan Haizhong directly holds 65.66% of the company's shares and controls an additional 32.34% through Rui Mi Investment, totaling 98.00% of the shares before the IPO [4]. Group 3: Financial Performance - The company's revenue for the reporting period was 548.55 million yuan, 672.89 million yuan, 743.01 million yuan, and 356.81 million yuan, with net profits of 34.31 million yuan, 68.53 million yuan, 81.63 million yuan, and 31.20 million yuan respectively [5]. - The total assets as of June 30, 2025, were approximately 476.97 million yuan, with total equity of about 295.12 million yuan [6]. - The company has maintained a gross profit margin of around 35.38% for the most recent fiscal year, indicating strong profitability [6]. Group 4: Listing Standards - The company has chosen to meet the listing standards set forth by the Beijing Stock Exchange, which require a market value of no less than 200 million yuan and a net profit of at least 15 million yuan over the last two years [7]. Group 5: Inquiry Issues - The main inquiries raised during the review process include the authenticity of operating performance, sustainability of revenue growth from proprietary brand products, and the rationale behind the declining sales prices of module products [8].