北交所申报企业质地提升

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三协电机北交所IPO过会,北交所受理的申报上市企业质地提升
Xin Jing Bao· 2025-06-09 13:08
Core Viewpoint - Changzhou Sanxie Electric Co., Ltd. has successfully passed the listing committee review of the Beijing Stock Exchange, meeting the issuance, listing, and information disclosure requirements [1][2] Company Overview - Sanxie Electric specializes in the research, manufacturing, and sales of control motors, including stepper motors, servo motors, and brushless motors [2] - The company plans to issue up to 18 million shares, with a total fundraising target of 159 million yuan for expansion projects and working capital [2] Financial Performance - Revenue for Sanxie Electric is projected to grow from 287 million yuan in 2022 to 420 million yuan in 2024, with net profits increasing from approximately 26.98 million yuan to 56.34 million yuan during the same period [2] - In Q1 2025, the company reported revenue of 12.17 million yuan, a year-on-year increase of 28.94%, with net profit growth of 18.78% [2] Related Transactions and Regulatory Scrutiny - The entry of Shenzhen Laisai Intelligent Control Co., Ltd. as a major shareholder has raised questions regarding the fairness of transaction prices and the sustainability of sales growth [2][3] - Sales to Laisai Intelligent accounted for approximately 15% of Sanxie Electric's revenue from 2022 to 2024, with a significant increase in transaction volume post-investment [3] Market Context - The Beijing Stock Exchange has seen a surge in IPO applications, with 10 companies applying in May, representing nearly 70% of the total applications across the three major exchanges [4][5] - The quality of companies applying for listing has improved, indicating a trend towards higher-quality investment opportunities in the market [5]